Arkadios Wealth Advisors Invests $557,000 in Lithia Motors, Inc. $LAD

Arkadios Wealth Advisors purchased a new stake in shares of Lithia Motors, Inc. (NYSE:LAD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,763 shares of the company’s stock, valued at approximately $557,000.

Several other large investors have also modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of Lithia Motors during the 3rd quarter worth about $26,000. Bessemer Group Inc. increased its position in Lithia Motors by 114.6% in the 2nd quarter. Bessemer Group Inc. now owns 88 shares of the company’s stock worth $29,000 after buying an additional 47 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of Lithia Motors by 1,383.3% during the second quarter. Hantz Financial Services Inc. now owns 89 shares of the company’s stock worth $30,000 after buying an additional 83 shares during the last quarter. Eastern Bank bought a new stake in shares of Lithia Motors in the third quarter valued at approximately $31,000. Finally, State of Wyoming bought a new stake in shares of Lithia Motors in the second quarter valued at approximately $67,000.

Insider Activity at Lithia Motors

In other news, Director Congdon Stacy Loretz sold 75 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $360.00, for a total transaction of $27,000.00. Following the completion of the sale, the director owned 1,810 shares in the company, valued at $651,600. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LAD. JPMorgan Chase & Co. increased their target price on shares of Lithia Motors from $350.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Benchmark restated a “buy” rating on shares of Lithia Motors in a research note on Thursday, October 23rd. Evercore ISI lifted their target price on shares of Lithia Motors from $440.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Barclays dropped their price target on shares of Lithia Motors from $410.00 to $390.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on Lithia Motors from $327.00 to $358.00 and gave the company an “equal weight” rating in a report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Lithia Motors presently has an average rating of “Moderate Buy” and a consensus price target of $390.70.

Lithia Motors Stock Performance

Shares of Lithia Motors stock opened at $322.69 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.21 and a quick ratio of 0.30. The firm has a 50 day simple moving average of $329.72 and a 200 day simple moving average of $320.33. Lithia Motors, Inc. has a fifty-two week low of $262.10 and a fifty-two week high of $405.14. The firm has a market cap of $7.83 billion, a P/E ratio of 9.34 and a beta of 1.18.

Lithia Motors Profile

Lithia Motors, Inc is an American automotive retailer headquartered in Medford, Oregon. Founded in 1946 as a small auto body and glass shop, the company has grown through organic expansion and strategic acquisitions to become one of the largest automotive retail networks in North America. Lithia operates dealerships across the United States and Canada, offering a broad portfolio of new and pre-owned vehicles from more than 40 different manufacturers.

The company’s core business activities include vehicle sales, financing, insurance, parts and service.