Lithia Motors Inc (NYSE:LAD) saw unusually large options trading on Tuesday. Stock traders bought 4,159 call options on the company. This is an increase of approximately 6,107% compared to the typical daily volume of 67 call options.

Several analysts recently issued reports on the company. Morgan Stanley raised Lithia Motors to a “buy” rating in a report on Tuesday, July 10th. ValuEngine downgraded Lithia Motors from a “hold” rating to a “sell” rating in a report on Friday, June 29th. Zacks Investment Research downgraded Lithia Motors from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Stephens downgraded Lithia Motors from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 25th. Finally, Craig Hallum cut their price target on Lithia Motors from $120.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Lithia Motors has an average rating of “Buy” and an average price target of $107.00.

LAD opened at $76.24 on Wednesday. Lithia Motors has a 12 month low of $73.14 and a 12 month high of $127.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.23 and a current ratio of 1.20. The company has a market capitalization of $1.98 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55.

Lithia Motors (NYSE:LAD) last posted its earnings results on Wednesday, July 25th. The company reported $2.52 EPS for the quarter, missing the consensus estimate of $2.94 by ($0.42). Lithia Motors had a net margin of 2.28% and a return on equity of 20.30%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. As a group, research analysts expect that Lithia Motors will post 9.5 earnings per share for the current fiscal year.

In related news, insider Chris Holzshu purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average price of $82.23 per share, with a total value of $102,787.50. Following the acquisition, the insider now owns 35,862 shares in the company, valued at approximately $2,948,932.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John F. North purchased 1,175 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The stock was bought at an average cost of $84.91 per share, for a total transaction of $99,769.25. Following the acquisition, the insider now owns 15,481 shares in the company, valued at approximately $1,314,491.71. The disclosure for this purchase can be found here. Company insiders own 5.95% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Lithia Motors by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,032,044 shares of the company’s stock valued at $97,602,000 after acquiring an additional 43,537 shares during the period. Legal & General Group Plc increased its position in Lithia Motors by 4.9% in the 2nd quarter. Legal & General Group Plc now owns 59,381 shares of the company’s stock valued at $5,647,000 after acquiring an additional 2,797 shares during the period. Brown Advisory Inc. increased its position in Lithia Motors by 57.9% in the 2nd quarter. Brown Advisory Inc. now owns 12,579 shares of the company’s stock valued at $1,190,000 after acquiring an additional 4,614 shares during the period. Sei Investments Co. increased its position in Lithia Motors by 3.6% in the 2nd quarter. Sei Investments Co. now owns 47,216 shares of the company’s stock valued at $4,465,000 after acquiring an additional 1,653 shares during the period. Finally, DF Dent & Co. Inc. increased its position in Lithia Motors by 24.4% in the 2nd quarter. DF Dent & Co. Inc. now owns 12,602 shares of the company’s stock valued at $1,192,000 after acquiring an additional 2,468 shares during the period.

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.

See Also: Outstanding Shares

Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.