Susan O. Cain Sells 1,302 Shares of Lithia Motors, Inc. (LAD) Stock
Lithia Motors, Inc. (NYSE:LAD) Director Susan O. Cain sold 1,302 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $115.79, for a total transaction of $150,758.58. Following the completion of the transaction, the director now owns 10,940 shares in the company, valued at $1,266,742.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Lithia Motors, Inc. (NYSE:LAD) traded up $0.25 during mid-day trading on Friday, hitting $117.54. The stock had a trading volume of 196,618 shares, compared to its average volume of 153,948. The firm has a market capitalization of $2,927.32, a P/E ratio of 14.48, a P/E/G ratio of 1.00 and a beta of 1.72. Lithia Motors, Inc. has a 1-year low of $80.88 and a 1-year high of $123.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 0.26.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.37 by ($0.19). The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. Lithia Motors’s revenue was up 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 earnings per share. equities research analysts expect that Lithia Motors, Inc. will post 8.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 9th. Lithia Motors’s payout ratio is currently 13.12%.
Several hedge funds have recently bought and sold shares of LAD. Teachers Advisors LLC boosted its holdings in shares of Lithia Motors by 4.5% in the first quarter. Teachers Advisors LLC now owns 41,749 shares of the company’s stock valued at $3,576,000 after acquiring an additional 1,782 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Lithia Motors in the first quarter valued at approximately $292,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Lithia Motors by 10.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock valued at $137,000 after acquiring an additional 146 shares during the period. Aperio Group LLC boosted its holdings in shares of Lithia Motors by 21.4% in the second quarter. Aperio Group LLC now owns 8,815 shares of the company’s stock valued at $831,000 after acquiring an additional 1,555 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Lithia Motors by 4.1% in the second quarter. US Bancorp DE now owns 3,116 shares of the company’s stock valued at $294,000 after acquiring an additional 122 shares during the period. 98.47% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on LAD shares. KeyCorp reiterated a “buy” rating and issued a $130.00 price target (up from $119.00) on shares of Lithia Motors in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of Lithia Motors from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Berenberg Bank started coverage on shares of Lithia Motors in a research note on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $116.29.
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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.
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