Lithia Motors, Inc. (NYSE:LAD) Director Kenneth E. Roberts sold 534 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $122.62, for a total value of $65,479.08. Following the completion of the sale, the director now directly owns 115,064 shares of the company’s stock, valued at approximately $14,109,147.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lithia Motors, Inc. (NYSE LAD) traded up $1.22 during trading hours on Thursday, reaching $120.83. The company’s stock had a trading volume of 208,098 shares, compared to its average volume of 266,581. The company has a current ratio of 1.21, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. Lithia Motors, Inc. has a 52 week low of $80.88 and a 52 week high of $123.50. The company has a market cap of $2,991.47, a P/E ratio of 14.80, a PEG ratio of 1.02 and a beta of 1.72.

Lithia Motors (NYSE:LAD) last released its earnings results on Wednesday, October 25th. The company reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the business earned $2.06 EPS. The company’s quarterly revenue was up 18.7% on a year-over-year basis. analysts anticipate that Lithia Motors, Inc. will post 8.33 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Thursday, November 9th. Lithia Motors’s dividend payout ratio is presently 13.12%.

A number of research analysts recently commented on LAD shares. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of Lithia Motors in a report on Monday, November 13th. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price target for the company in a report on Wednesday, August 23rd. Finally, Berenberg Bank started coverage on Lithia Motors in a report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $116.29.

A number of large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund lifted its holdings in Lithia Motors by 0.3% during the 2nd 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. D.A. Davidson & CO. raised its position in shares of Lithia Motors by 7.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after purchasing an additional 75 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Lithia Motors by 0.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,096 shares of the company’s stock worth $1,234,000 after purchasing an additional 75 shares during the period. Symphony Asset Management LLC raised its position in shares of Lithia Motors by 1.2% during the 2nd quarter. Symphony Asset Management LLC now owns 6,692 shares of the company’s stock worth $631,000 after purchasing an additional 78 shares during the period. Finally, Amalgamated Bank raised its position in shares of Lithia Motors by 2.9% during the 2nd quarter. Amalgamated Bank now owns 3,228 shares of the company’s stock worth $304,000 after purchasing an additional 91 shares during the period. 98.47% of the stock is currently owned by institutional investors.

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About Lithia Motors

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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