Lithia Motors, Inc. (NYSE:LAD) Director Sidney B. Deboer sold 52,800 shares of the company’s stock in a transaction on Friday, January 13th. The stock was sold at an average price of $101.56, for a total transaction of $5,362,368.00. Following the completion of the transaction, the director now directly owns 56,477 shares of the company’s stock, valued at $5,735,804.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Lithia Motors, Inc. (NYSE:LAD) opened at 101.33 on Friday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 13.51 and a beta of 1.66. The stock’s 50 day moving average is $97.86 and its 200-day moving average is $88.32. Lithia Motors, Inc. has a 1-year low of $68.70 and a 1-year high of $104.44.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Thursday, October 20th. The company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by $0.10. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.25 billion. Lithia Motors had a return on equity of 22.67% and a net margin of 2.31%. Lithia Motors’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. Analysts forecast that Lithia Motors, Inc. will post $7.45 EPS for the current year.

Insider Buying and Selling by Quarter for Lithia Motors (NYSE:LAD)

WARNING: “Sidney B. Deboer Sells 52,800 Shares of Lithia Motors, Inc. (LAD) Stock” was published by Watch List News and is the propert of of Watch List News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at http://www.watchlistnews.com/sidney-b-deboer-sells-52800-shares-of-lithia-motors-inc-lad-stock/1061206.html.

A number of institutional investors have recently made changes to their positions in LAD. Vanguard Group Inc. increased its position in shares of Lithia Motors by 3.8% in the second quarter. Vanguard Group Inc. now owns 1,804,705 shares of the company’s stock worth $128,260,000 after buying an additional 66,593 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Lithia Motors by 35.1% in the third quarter. Bank of New York Mellon Corp now owns 1,643,701 shares of the company’s stock worth $157,006,000 after buying an additional 427,377 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Lithia Motors by 6.4% in the third quarter. BlackRock Fund Advisors now owns 1,607,317 shares of the company’s stock worth $153,531,000 after buying an additional 96,051 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Lithia Motors by 34.4% in the third quarter. Neuberger Berman Group LLC now owns 1,361,023 shares of the company’s stock worth $130,005,000 after buying an additional 348,048 shares in the last quarter. Finally, Palestra Capital Management LLC increased its position in shares of Lithia Motors by 109.1% in the second quarter. Palestra Capital Management LLC now owns 783,347 shares of the company’s stock worth $55,672,000 after buying an additional 408,800 shares in the last quarter. 96.93% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on LAD. Zacks Investment Research raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. Stephens set a $114.00 target price on shares of Lithia Motors and gave the stock a “buy” rating in a research note on Friday, October 21st. Finally, KeyCorp began coverage on shares of Lithia Motors in a research note on Wednesday, November 16th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.50.

About Lithia Motors

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.

5 Day Chart for NYSE:LAD

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