Sidney B. Deboer Sells 13,200 Shares of Lithia Motors, Inc. (LAD) Stock

Lithia Motors, Inc. (NYSE:LAD) Director Sidney B. Deboer sold 13,200 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $97.50, for a total transaction of $1,287,000.00. Following the completion of the sale, the director now owns 48,668 shares of the company’s stock, valued at $4,745,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Lithia Motors, Inc. (LAD) traded up 0.78% on Friday, hitting $102.76. 215,403 shares of the company’s stock were exchanged. The stock has a market cap of $2.57 billion, a P/E ratio of 12.39 and a beta of 1.73. The firm has a 50 day moving average price of $99.33 and a 200-day moving average price of $94.10. Lithia Motors, Inc. has a 52-week low of $75.85 and a 52-week high of $109.42.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Friday, July 28th. The company reported $2.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.05. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the prior year, the firm posted $1.96 EPS. Lithia Motors’s revenue for the quarter was up 15.6% on a year-over-year basis. Analysts predict that Lithia Motors, Inc. will post $8.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, August 9th. Lithia Motors’s dividend payout ratio (DPR) is 13.01%.

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A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers purchased a new stake in shares of Lithia Motors during the second quarter valued at approximately $594,000. Public Employees Retirement System of Ohio increased its stake in shares of Lithia Motors by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock valued at $170,000 after buying an additional 204 shares during the period. Koch Industries Inc. purchased a new stake in shares of Lithia Motors during the second quarter valued at approximately $201,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Lithia Motors during the second quarter valued at approximately $484,000. Finally, Westwood Holdings Group Inc. increased its stake in shares of Lithia Motors by 34.3% in the second quarter. Westwood Holdings Group Inc. now owns 205,824 shares of the company’s stock valued at $19,394,000 after buying an additional 52,598 shares during the period. 99.45% of the stock is currently owned by institutional investors.

LAD has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating and issued a $125.00 price target on shares of Lithia Motors in a report on Thursday, August 3rd. Seaport Global Securities initiated coverage on shares of Lithia Motors in a report on Wednesday, June 14th. They issued a “neutral” rating for the company. Zacks Investment Research cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. BidaskClub upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley dropped their price objective on shares of Lithia Motors from $115.00 to $106.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.17.

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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