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Lithia Motors (NYSE:LAD) CFO Chris Holzshu sold 17,541 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $60.00, for a total transaction of $1,052,460.00. Following the sale, the chief financial officer now directly owns 49,997 shares in the company, valued at approximately $2,999,820. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Lithia Motors (NYSE:LAD) traded up 2.30% on Tuesday, hitting $61.90. 395,154 shares of the company’s stock traded hands. Lithia Motors has a 52-week low of $40.40 and a 52-week high of $74.94. The stock has a 50-day moving average of $59.82 and a 200-day moving average of $65.78. The company has a market cap of $1.604 billion and a P/E ratio of 14.94.

Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, February 19th. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.91 by $0.07. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 million. On average, analysts predict that Lithia Motors will post $4.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, March 5th.

LAD has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Lithia Motors from a “neutral” rating to a “buy” rating in a research note on Monday, February 10th. Analysts at CRT Capital initiated coverage on shares of Lithia Motors in a research note on Monday, January 27th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Lithia Motors has a consensus rating of “Buy” and a consensus target price of $71.88.

Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.

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