Lithia Motors (NYSE:LAD) Sees Large Volume Increase

Lithia Motors, Inc. (NYSE:LADGet Rating) shares saw strong trading volume on Wednesday . 10,137 shares traded hands during trading, a decline of 97% from the previous session’s volume of 331,066 shares.The stock last traded at $230.37 and had previously closed at $230.22.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Morgan Stanley cut their price objective on Lithia Motors from $260.00 to $220.00 and set an “underweight” rating for the company in a research report on Thursday, July 14th. JPMorgan Chase & Co. cut their price objective on Lithia Motors from $380.00 to $325.00 in a research report on Friday, July 15th. Bank of America dropped their target price on Lithia Motors from $565.00 to $470.00 and set a “buy” rating for the company in a research report on Friday, September 9th. StockNews.com downgraded Lithia Motors from a “buy” rating to a “hold” rating in a research report on Saturday, July 23rd. Finally, Wells Fargo & Company dropped their target price on Lithia Motors from $350.00 to $348.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $388.20.

Lithia Motors Stock Performance

The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 5.28, a P/E/G ratio of 0.95 and a beta of 1.36. The company has a quick ratio of 0.45, a current ratio of 1.59 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $262.44 and a 200 day moving average price of $285.05.

Lithia Motors (NYSE:LADGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $12.18 EPS for the quarter, missing analysts’ consensus estimates of $12.22 by ($0.04). Lithia Motors had a return on equity of 29.61% and a net margin of 4.82%. The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.22 billion. During the same period in the prior year, the firm posted $11.12 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, analysts forecast that Lithia Motors, Inc. will post 47.81 EPS for the current year.

Lithia Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 11th. Lithia Motors’s dividend payout ratio is presently 3.92%.

Insider Buying and Selling

In related news, Director Shauna Mcintyre sold 180 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $241.34, for a total transaction of $43,441.20. Following the completion of the sale, the director now owns 1,839 shares in the company, valued at $443,824.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Shauna Mcintyre sold 180 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $241.34, for a total transaction of $43,441.20. Following the completion of the sale, the director now owns 1,839 shares in the company, valued at $443,824.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sidney B. Deboer bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were acquired at an average price of $268.43 per share, with a total value of $268,430.00. Following the purchase, the director now 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 company insiders.

Institutional Investors Weigh In On Lithia Motors

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Adirondack Trust Co. lifted its stake in Lithia Motors by 100.0% in the second quarter. Adirondack Trust Co. now owns 100 shares of the company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Ronald Blue Trust Inc. purchased a new stake in Lithia Motors in the second quarter valued at approximately $46,000. Rockefeller Capital Management L.P. lifted its stake in Lithia Motors by 83.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 158 shares of the company’s stock valued at $46,000 after buying an additional 72 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Lithia Motors by 97.6% in the first quarter. Quadrant Capital Group LLC now owns 164 shares of the company’s stock valued at $49,000 after buying an additional 81 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Lithia Motors during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

About Lithia Motors

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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.

Further Reading

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