Lithia Motors Inc (NYSE:LAD) Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $124.00, for a total transaction of $620,000.00. Following the completion of the sale, the director now owns 110,064 shares in the company, valued at approximately $13,647,936. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Lithia Motors Inc (LAD) opened at $123.01 on Friday. Lithia Motors Inc has a twelve month low of $80.88 and a twelve month high of $124.04. The stock has a market cap of $3,040.00, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.92 and a beta of 1.72. The company has a current ratio of 1.21, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($0.19). Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company posted $2.06 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis. analysts anticipate that Lithia Motors Inc will post 8.34 EPS for the current fiscal year.

A number of analysts have recently weighed in on LAD shares. KeyCorp reiterated a “buy” rating and issued a $130.00 price objective on shares of Lithia Motors in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Berenberg Bank initiated coverage on shares of Lithia Motors in a research note on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price objective on the stock. Finally, Bank of America raised shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target on the stock in a report on Monday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $124.00.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its holdings in Lithia Motors by 7.3% during the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after buying an additional 75 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Lithia Motors by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after buying an additional 105 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Lithia Motors during the third quarter worth $144,000. Public Employees Retirement System of Ohio boosted its holdings in Lithia Motors by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock worth $170,000 after buying an additional 204 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in Lithia Motors by 93.8% during the second quarter. Riverhead Capital Management LLC now owns 2,132 shares of the company’s stock valued at $201,000 after purchasing an additional 1,032 shares in the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.

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About Lithia Motors

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.

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

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