Crossmark Global Holdings Inc. Sells 55 Shares of Lithia Motors, Inc. (NYSE:LAD)

Crossmark Global Holdings Inc. trimmed its stake in shares of Lithia Motors, Inc. (NYSE:LAD – Get Rating) by 2.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,293 shares of the company’s stock after selling 55 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Lithia Motors were worth $492,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CX Institutional bought a new stake in shares of Lithia Motors during the 2nd quarter valued at $588,000. New York State Teachers Retirement System lifted its position in shares of Lithia Motors by 2.2% during the 2nd quarter. New York State Teachers Retirement System now owns 41,153 shares of the company’s stock worth $11,309,000 after buying an additional 884 shares during the last quarter. Prospera Financial Services Inc lifted its position in shares of Lithia Motors by 6.3% during the 3rd quarter. Prospera Financial Services Inc now owns 1,863 shares of the company’s stock worth $400,000 after buying an additional 111 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Lithia Motors by 5.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,835 shares of the company’s stock worth $779,000 after buying an additional 150 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its position in shares of Lithia Motors by 2.2% during the 2nd quarter. Harfst & Associates Inc. now owns 11,890 shares of the company’s stock worth $3,267,000 after buying an additional 256 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LAD has been the subject of several recent analyst reports. Guggenheim dropped their price objective on Lithia Motors to $358.00 in a research report on Thursday, October 13th. Benchmark lowered their target price on Lithia Motors from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, October 21st. Citigroup reaffirmed a “neutral” rating and issued a $245.00 target price on shares of Lithia Motors in a report on Tuesday, December 13th. JPMorgan Chase & Co. lowered their target price on Lithia Motors from $325.00 to $285.00 and set an “overweight” rating for the company in a report on Thursday, October 6th. Finally, Wells Fargo & Company cut Lithia Motors from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $212.00 to $233.00 in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $301.56.

Lithia Motors Trading Up 4.6 %

Shares of LAD stock opened at $240.42 on Monday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 5.90 and a beta of 1.39. The stock has a 50-day moving average of $220.31 and a 200-day moving average of $235.00. The company has a current ratio of 1.66, a quick ratio of 0.49 and a debt-to-equity ratio of 1.05. Lithia Motors, Inc. has a 1-year low of $180.00 and a 1-year high of $349.61.

Lithia Motors Company 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.