Lithia Motors, Inc. (NYSE:LAD) Director Susan O. Cain sold 1,000 shares of Lithia Motors stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $105.64, for a total value of $105,640.00. Following the sale, the director now directly owns 12,242 shares of the company’s stock, valued at $1,293,244.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lithia Motors, Inc. (NYSE LAD) traded down 0.92% on Tuesday, reaching $103.33. The company’s stock had a trading volume of 407,802 shares. The company has a market cap of $2.59 billion, a P/E ratio of 12.46 and a beta of 1.73. The stock’s 50 day moving average price is $95.68 and its 200 day moving average price is $93.93. Lithia Motors, Inc. has a 12 month low of $75.85 and a 12 month high of $109.42.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Friday, July 28th. The company reported $2.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.05. Lithia Motors had a return on equity of 21.66% and a net margin of 2.26%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the business posted $1.96 EPS. The business’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts forecast that Lithia Motors, Inc. will post $8.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.05%. Lithia Motors’s payout ratio is currently 13.01%.

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A number of hedge funds have recently modified their holdings of the company. DF Dent & Co. Inc. increased its stake in shares of Lithia Motors by 0.3% in the first quarter. DF Dent & Co. Inc. now owns 4,091 shares of the company’s stock worth $350,000 after buying an additional 11 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Lithia Motors by 0.3% in the second quarter. Texas Permanent School Fund now owns 17,359 shares of the company’s stock worth $1,636,000 after buying an additional 47 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Lithia Motors by 0.8% in the first quarter. Capstone Asset Management Co. now owns 7,353 shares of the company’s stock worth $630,000 after buying an additional 55 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lithia Motors by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after buying an additional 105 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Lithia Motors by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 2,640 shares of the company’s stock worth $226,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 97.34% of the company’s stock.

A number of equities research analysts recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Lithia Motors in a research note on Thursday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $116.00 price objective (up from $106.00) on shares of Lithia Motors in a research note on Wednesday, August 2nd. Seaport Global Securities assumed coverage on Lithia Motors in a research note on Wednesday, June 14th. They set a “neutral” rating for the company. BidaskClub raised Lithia Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research cut Lithia Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Lithia Motors has a consensus rating of “Hold” and an average price target of $109.17.

Lithia Motors Company Profile

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.

Insider Buying and Selling by Quarter for Lithia Motors (NYSE:LAD)

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