Lithia Motors Inc (LAD) Director Kenneth E. Roberts Sells 5,000 Shares

Lithia Motors Inc (NYSE:LAD) Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $124.00, for a total transaction of $620,000.00. Following the sale, the director now directly owns 110,064 shares in the company, valued at approximately $13,647,936. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Lithia Motors Inc (NYSE:LAD) traded down $1.96 during trading on Wednesday, reaching $120.53. 229,000 shares of the company’s stock were exchanged, compared to its average volume of 283,883. 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 $124.04. The firm has a market cap of $3,030.00, a P/E ratio of 14.65, a PEG ratio of 0.92 and a beta of 1.72.

Lithia Motors (NYSE:LAD) last released its earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. research analysts expect that Lithia Motors Inc will post 8.34 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Berenberg Bank assumed coverage on shares of Lithia Motors in a report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective on the stock. Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 price objective on the stock in a report on Wednesday. KeyCorp reissued a “buy” rating and set a $130.00 price objective on shares of Lithia Motors in a report on Monday, November 13th. Finally, Bank of America raised shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price objective on the stock in a report on Monday. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $124.00.

A number of institutional investors have recently added to or reduced their stakes in LAD. Victory Capital Management Inc. lifted its position in Lithia Motors by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,182,723 shares of the company’s stock valued at $142,294,000 after purchasing an additional 226,940 shares during the period. Koch Industries Inc. acquired a new stake in shares of Lithia Motors in the 2nd quarter valued at approximately $201,000. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Lithia Motors in the 3rd quarter valued at approximately $20,620,000. JPMorgan Chase & Co. raised its position in shares of Lithia Motors by 22.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 411,459 shares of the company’s stock valued at $48,820,000 after acquiring an additional 76,601 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in shares of Lithia Motors in the 3rd quarter valued at approximately $4,516,000. Institutional investors own 98.47% of the company’s stock.

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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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