Lithia Motors VP John F. North Sells 3,681 Shares (LAD)
Lithia Motors (NYSE:LAD) VP John F. North sold 3,681 shares of Lithia Motors 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 $220,860.00. Following the completion of the sale, the vice president now directly owns 16,186 shares of the company’s stock, valued at approximately $971,160. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 company. The company currently has a consensus rating of “Buy” and a consensus target price of $71.88.
Shares of Lithia Motors (NYSE:LAD) traded up 2.30% during mid-day trading 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’s 50-day moving average is $59.82 and its 200-day moving average is $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.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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