Granahan Investment Management LLC Has $23.53 Million Holdings in Lithia Motors, Inc. (NYSE:LAD)

Granahan Investment Management LLC lessened its holdings in shares of Lithia Motors, Inc. (NYSE:LADGet Rating) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,414 shares of the company’s stock after selling 14,695 shares during the quarter. Granahan Investment Management LLC’s holdings in Lithia Motors were worth $23,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Southpoint Capital Advisors LP increased its position in Lithia Motors by 7.6% during the fourth quarter. Southpoint Capital Advisors LP now owns 850,000 shares of the company’s stock worth $252,408,000 after buying an additional 60,000 shares during the last quarter. State Street Corp grew its position in shares of Lithia Motors by 1.9% in the fourth quarter. State Street Corp now owns 778,522 shares of the company’s stock valued at $231,182,000 after purchasing an additional 14,390 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Lithia Motors by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 772,518 shares of the company’s stock valued at $231,877,000 after purchasing an additional 16,902 shares during the last quarter. MFN Partners Management LP grew its position in shares of Lithia Motors by 43.0% in the first quarter. MFN Partners Management LP now owns 751,077 shares of the company’s stock valued at $225,413,000 after purchasing an additional 225,806 shares during the last quarter. Finally, Lyrical Asset Management LP grew its position in shares of Lithia Motors by 2.7% in the first quarter. Lyrical Asset Management LP now owns 727,176 shares of the company’s stock valued at $218,240,000 after purchasing an additional 19,211 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LAD. Wells Fargo & Company decreased their target price on Lithia Motors from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. StockNews.com downgraded Lithia Motors from a “buy” rating to a “hold” rating in a research report on Saturday, July 23rd. Morgan Stanley reduced their price target on Lithia Motors from $260.00 to $220.00 and set an “underweight” rating on the stock in a research report on Thursday, July 14th. Bank of America reduced their price target on Lithia Motors from $565.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their price target on Lithia Motors from $380.00 to $325.00 in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.20.

Insider Activity

In other news, Director Shauna Mcintyre sold 135 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $271.55, for a total value of $36,659.25. Following the completion of the transaction, the director now directly owns 2,019 shares in the company, valued at approximately $548,259.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Shauna Mcintyre sold 135 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $271.55, for a total value of $36,659.25. Following the completion of the transaction, the director now directly owns 2,019 shares in the company, valued at approximately $548,259.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sidney B. Deboer acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was bought at an average price of $268.43 per share, with a total value of $268,430.00. Following the completion of the acquisition, the director now directly owns 36,735 shares of the company’s stock, valued at $9,860,776.05. The disclosure for this purchase can be found here. 1.70% of the stock is owned by corporate insiders.

Lithia Motors Stock Up 2.2 %

NYSE LAD opened at $257.04 on Friday. The business has a fifty day moving average price of $269.78 and a two-hundred day moving average price of $290.85. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.59 and a quick ratio of 0.45. Lithia Motors, Inc. has a fifty-two week low of $242.87 and a fifty-two week high of $366.36. The stock has a market capitalization of $7.08 billion, a PE ratio of 6.00, a PEG ratio of 0.77 and a beta of 1.36.

Lithia Motors (NYSE:LADGet Rating) last released its earnings results on Wednesday, July 20th. The company reported $12.18 earnings per share for the quarter, missing the consensus estimate of $12.22 by ($0.04). Lithia Motors had a return on equity of 29.61% and a net margin of 4.82%. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.22 billion. During the same quarter in the previous year, the company earned $11.12 earnings per share. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. Equities analysts expect that Lithia Motors, Inc. will post 47.81 earnings per share for the current fiscal year.

Lithia Motors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Thursday, August 11th. Lithia Motors’s payout ratio is 3.92%.

Lithia Motors Profile

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Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

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Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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