Stock Traders Buy High Volume of Call Options on Lithia Motors (LAD)

Lithia Motors Inc (NYSE:LAD) saw some unusual options trading on Monday. Traders bought 7,508 call options on the company. This represents an increase of approximately 3,041% compared to the typical volume of 239 call options.

Lithia Motors stock opened at $84.10 on Tuesday. The firm has a market cap of $1.98 billion, a P/E ratio of 10.02, a PEG ratio of 0.74 and a beta of 1.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.20 and a quick ratio of 0.23. Lithia Motors has a one year low of $67.90 and a one year high of $119.27.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Lithia Motors by 65.8% during the fourth quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock valued at $84,000 after acquiring an additional 435 shares during the last quarter. Quattro Financial Advisors LLC purchased a new stake in Lithia Motors in the fourth quarter worth about $85,000. Advisors Asset Management Inc. increased its position in Lithia Motors by 367.6% in the second quarter. Advisors Asset Management Inc. now owns 7,453 shares of the company’s stock worth $133,000 after buying an additional 5,859 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Lithia Motors by 14.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock worth $139,000 after buying an additional 230 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in Lithia Motors in the third quarter worth about $231,000.

A number of analysts recently commented on LAD shares. Bank of America upgraded Lithia Motors from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Buckingham Research set a $106.00 price objective on Lithia Motors and gave the company a “buy” rating in a research report on Thursday, October 25th. Craig Hallum set a $103.00 price objective on Lithia Motors and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, ValuEngine cut Lithia Motors from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $104.40.

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About Lithia Motors

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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