Lithia Motors, Inc. (NYSE:LAD) Director Sidney B. Deboer sold 65,711 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $121.77, for a total value of $8,001,628.47. Following the completion of the sale, the director now owns 1,421 shares in the company, valued at $173,035.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lithia Motors, Inc. (NYSE LAD) traded up 0.07% during mid-day trading on Tuesday, hitting $121.77. The company had a trading volume of 293,186 shares. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 14.68 and a beta of 1.71. The firm’s 50 day moving average is $110.16 and its 200 day moving average is $97.08. Lithia Motors, Inc. has a 52 week low of $75.85 and a 52 week high of $123.50.

Lithia Motors (NYSE:LAD) last announced its earnings results on Friday, July 28th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.05. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.45 billion. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.96 earnings per share. On average, equities research analysts predict that Lithia Motors, Inc. will post $8.62 EPS for the current year.

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A number of equities analysts have weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $115.00 target price on shares of Lithia Motors in a research report on Wednesday, June 28th. BidaskClub upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Seaport Global Securities started coverage on shares of Lithia Motors in a research report on Wednesday, June 14th. They issued a “neutral” rating on the stock. Morgan Stanley lowered their price target on shares of Lithia Motors from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Friday, June 9th. Finally, Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price target on the stock in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $112.00.

Several institutional investors have recently modified their holdings of LAD. BlackRock Inc. grew its position in shares of Lithia Motors by 152,203.5% during the 1st quarter. BlackRock Inc. now owns 2,901,382 shares of the company’s stock valued at $248,504,000 after acquiring an additional 2,899,477 shares during the period. Victory Capital Management Inc. raised its holdings in Lithia Motors by 139.5% in the 2nd quarter. Victory Capital Management Inc. now owns 955,783 shares of the company’s stock worth $90,063,000 after purchasing an additional 556,684 shares during the period. Harbour Capital Advisors LLC raised its holdings in Lithia Motors by 6,308.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 383,516 shares of the company’s stock worth $4,070,000 after purchasing an additional 377,531 shares during the period. Aberdeen Asset Management PLC UK bought a new position in Lithia Motors in the 2nd quarter worth $32,031,000. Finally, Koch Industries Inc. bought a new position in Lithia Motors in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

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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