Lithia Motors EVP R Bradford Gray Unloads 14,000 Shares (LAD)
Lithia Motors (NYSE:LAD) EVP R Bradford Gray unloaded 14,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $62.14, for a total transaction of $869,960.00. Following the transaction, the executive vice president now directly owns 24,516 shares in the company, valued at approximately $1,523,424. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Lithia Motors (NYSE:LAD) traded up 0.36% on Wednesday, hitting $62.12. The stock had a trading volume of 258,927 shares. Lithia Motors has a one year low of $40.58 and a one year high of $74.94. The stock’s 50-day moving average is $59.66 and its 200-day moving average is $65.7. The company has a market cap of $1.610 billion and a price-to-earnings ratio of 15.28.
Lithia Motors (NYSE:LAD) last released its earnings data 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 $4.53 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 0.84%. The ex-dividend date of this dividend 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 equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Lithia Motors presently 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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