Lithia Motors, Inc. (NYSE:LAD) CFO Tina Miller Sells 1,000 Shares of Stock

Lithia Motors, Inc. (NYSE:LAD) CFO Tina Miller sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $392.72, for a total value of $392,720.00. Following the completion of the sale, the chief financial officer now owns 10,403 shares in the company, valued at $4,085,466.16. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lithia Motors Price Performance

Shares of LAD stock opened at $386.16 on Thursday. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 6.48 and a beta of 1.63. Lithia Motors, Inc. has a 12 month low of $243.00 and a 12 month high of $405.67. The company has a quick ratio of 0.27, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average price of $334.99 and a 200 day moving average price of $291.59.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $8.21 earnings per share for the quarter, topping analysts’ consensus estimates of $7.60 by $0.61. Lithia Motors had a net margin of 2.31% and a return on equity of 12.95%. The business had revenue of $9.22 billion during the quarter, compared to the consensus estimate of $9.46 billion. During the same period in the previous year, the firm posted $9.25 earnings per share. Lithia Motors’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts expect that Lithia Motors, Inc. will post 29.42 EPS for the current year.

Lithia Motors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, November 8th. Lithia Motors’s dividend payout ratio (DPR) is currently 7.24%.

Wall Street Analyst Weigh In

LAD has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Lithia Motors from $299.00 to $343.00 and gave the company an “equal weight” rating in a research report on Thursday, October 24th. Citigroup increased their price target on Lithia Motors from $280.00 to $320.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. The Goldman Sachs Group lifted their price objective on Lithia Motors from $300.00 to $335.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Lithia Motors from $375.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, StockNews.com lowered Lithia Motors from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Lithia Motors has an average rating of “Hold” and an average target price of $357.60.

Institutional Investors Weigh In On Lithia Motors

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in Lithia Motors by 83.6% in the second quarter. Blue Trust Inc. now owns 134 shares of the company’s stock valued at $34,000 after buying an additional 61 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Lithia Motors in the 3rd quarter valued at approximately $35,000. McClarren Financial Advisors Inc. grew its holdings in Lithia Motors by 12,500.0% during the second quarter. McClarren Financial Advisors Inc. now owns 252 shares of the company’s stock valued at $64,000 after purchasing an additional 250 shares during the period. Signaturefd LLC raised its holdings in Lithia Motors by 23.9% in the third quarter. Signaturefd LLC now owns 249 shares of the company’s stock worth $79,000 after purchasing an additional 48 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lithia Motors in the second quarter worth $80,000.

About Lithia Motors

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.