Lithia Motors Inc (NYSE:LAD) Director Sidney B. Deboer sold 15,433 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $114.00, for a total value of $1,759,362.00. Following the completion of the transaction, the director now directly owns 11,144 shares in the company, valued at approximately $1,270,416. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
LAD opened at $113.86 on Thursday. Lithia Motors Inc has a 12-month low of $67.90 and a 12-month high of $116.22. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.65 billion, a P/E ratio of 11.41, a PEG ratio of 1.48 and a beta of 1.28.
Lithia Motors (NYSE:LAD) last posted its earnings results on Wednesday, April 24th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.29. Lithia Motors had a return on equity of 20.68% and a net margin of 2.25%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company earned $2.07 EPS. Lithia Motors’s revenue was up 7.1% on a year-over-year basis. Equities analysts forecast that Lithia Motors Inc will post 10.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.30 per share. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 1.05%. Lithia Motors’s dividend payout ratio is presently 11.62%.
A number of institutional investors and hedge funds have recently bought and sold shares of LAD. JPMorgan Chase & Co. lifted its stake in Lithia Motors by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 606,370 shares of the company’s stock worth $49,516,000 after acquiring an additional 114,014 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in Lithia Motors by 56.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 16,475 shares of the company’s stock worth $1,345,000 after acquiring an additional 5,956 shares in the last quarter. Macquarie Group Ltd. lifted its stake in Lithia Motors by 35.1% during the 3rd quarter. Macquarie Group Ltd. now owns 29,799 shares of the company’s stock worth $2,433,000 after acquiring an additional 7,750 shares in the last quarter. Standard Life Aberdeen plc lifted its stake in Lithia Motors by 8.8% during the 3rd quarter. Standard Life Aberdeen plc now owns 470,204 shares of the company’s stock worth $38,399,000 after acquiring an additional 38,106 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Lithia Motors by 4.0% during the 3rd quarter. Legal & General Group Plc now owns 61,762 shares of the company’s stock worth $5,053,000 after acquiring an additional 2,381 shares in the last quarter.
LAD has been the topic of several recent analyst reports. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Tuesday, January 15th. TheStreet raised Lithia Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, January 29th. Seaport Global Securities initiated coverage on Lithia Motors in a research note on Wednesday, February 13th. They issued a “buy” rating and a $110.00 price target on the stock. ValuEngine lowered Lithia Motors from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 13th. Finally, JPMorgan Chase & Co. initiated coverage on Lithia Motors in a research note on Tuesday, February 19th. They issued an “overweight” rating and a $112.00 price target on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Lithia Motors presently has an average rating of “Buy” and an average price target of $117.13.
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Lithia Motors Company Profile
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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