Lithia Motors CEO Sells $852,060 in Stock (LAD)
Lithia Motors (NYSE:LAD) CEO Bryan B. Deboer sold 14,201 shares of the stock on the open market in a transaction dated Monday, February 24th. The stock was sold at an average price of $60.00, for a total value of $852,060.00. Following the completion of the transaction, the chief executive officer now directly owns 114,680 shares in the company, valued at approximately $6,880,800. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Lithia Motors (NYSE:LAD) traded up 2.30% during mid-day trading on Tuesday, hitting $61.90. The stock had a trading volume of 395,154 shares. Lithia Motors has a one year low of $40.03 and a one year high of $74.94. The stock’s 50-day moving average is $59.95 and its 200-day moving average is $65.8. The company has a market cap of $1.604 billion and a P/E ratio of 14.94.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Lithia Motors will post $4.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, March 5th.
A number of analysts have recently weighed in on LAD shares. 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 analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average 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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