Lithia Motors, Inc. (NYSE:LAD - Get Free Report) CEO Bryan B. Deboer sold 3,313 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $380.00, for a total value of $1,258,940.00. Following the completion of the sale, the chief executive officer now directly owns 192,814 shares of the company's stock, valued at $73,269,320. The trade was a 1.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Lithia Motors Stock Performance
Shares of NYSE:LAD traded down $6.60 during trading on Friday, reaching $366.01. 30,036 shares of the company's stock traded hands, compared to its average volume of 259,514. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.27. The company has a 50 day moving average of $317.87 and a 200-day moving average of $284.37. Lithia Motors, Inc. has a 12 month low of $243.00 and a 12 month high of $388.36. The stock has a market capitalization of $9.75 billion, a P/E ratio of 12.72 and a beta of 1.63.
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Lithia Motors (NYSE:LAD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $8.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.60 by $0.61. Lithia Motors had a return on equity of 12.95% and a net margin of 2.31%. The business had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.46 billion. During the same quarter last year, the business posted $9.25 EPS. The business's revenue was up 11.4% on a year-over-year basis. On average, equities analysts expect that Lithia Motors, Inc. will post 29.09 EPS for the current year.
Lithia Motors Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, November 8th. Lithia Motors's dividend payout ratio (DPR) is presently 7.24%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Lithia Motors by 14.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,700,893 shares of the company's stock valued at $429,390,000 after purchasing an additional 217,867 shares during the period. Dimensional Fund Advisors LP boosted its stake in Lithia Motors by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,016,520 shares of the company's stock valued at $256,621,000 after buying an additional 203,543 shares in the last quarter. Verition Fund Management LLC grew its holdings in Lithia Motors by 1,960.2% during the third quarter. Verition Fund Management LLC now owns 126,909 shares of the company's stock worth $40,311,000 after acquiring an additional 120,749 shares during the period. Bridges Investment Management Inc. raised its position in Lithia Motors by 118.9% in the second quarter. Bridges Investment Management Inc. now owns 160,860 shares of the company's stock worth $40,609,000 after acquiring an additional 87,362 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Lithia Motors by 12.8% during the 3rd quarter. FMR LLC now owns 753,067 shares of the company's stock valued at $239,204,000 after purchasing an additional 85,579 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Lithia Motors from $300.00 to $335.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Guggenheim increased their target price on shares of Lithia Motors from $350.00 to $380.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Stephens lifted their price objective on Lithia Motors from $360.00 to $405.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of Lithia Motors from $299.00 to $343.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lithia Motors from $375.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Lithia Motors currently has an average rating of "Moderate Buy" and a consensus target price of $353.80.
View Our Latest Stock Report on LAD
About Lithia Motors
(
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Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.
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