California Public Employees Retirement System lifted its stake in Lithia Motors Inc (NYSE:LAD) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,032 shares of the company’s stock after purchasing an additional 1,532 shares during the quarter. California Public Employees Retirement System’s holdings in Lithia Motors were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Lithia Motors by 2.8% in the second quarter. Vanguard Group Inc. now owns 2,097,189 shares of the company’s stock worth $197,618,000 after purchasing an additional 56,888 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Lithia Motors by 23.7% in the third quarter. Victory Capital Management Inc. now owns 1,182,723 shares of the company’s stock worth $142,294,000 after purchasing an additional 226,940 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Lithia Motors by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 977,749 shares of the company’s stock valued at $117,631,000 after acquiring an additional 42,944 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Lithia Motors by 5.8% during the second quarter. Goldman Sachs Group Inc. now owns 723,495 shares of the company’s stock valued at $68,175,000 after acquiring an additional 39,692 shares in the last quarter. Finally, State Street Corp raised its position in Lithia Motors by 2.7% during the second quarter. State Street Corp now owns 631,341 shares of the company’s stock valued at $59,494,000 after acquiring an additional 16,496 shares in the last quarter. 98.47% of the stock is owned by institutional investors and hedge funds.

In other Lithia Motors news, Director Sidney B. Deboer sold 3,051 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $113.25, for a total transaction of $345,525.75. Following the transaction, the director now owns 433 shares in the company, valued at $49,037.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sidney B. Deboer sold 831 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $113.32, for a total value of $94,168.92. Following the transaction, the director now owns 433 shares in the company, valued at approximately $49,067.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,718 shares of company stock worth $1,275,932. Corporate insiders own 7.85% of the company’s stock.

Lithia Motors Inc (NYSE LAD) opened at $124.48 on Friday. The firm has a market cap of $3,070.08, a P/E ratio of 15.19, a P/E/G ratio of 0.64 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 Inc has a 52-week low of $80.88 and a 52-week high of $124.96.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.19). The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate 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 business posted $2.06 EPS. equities analysts expect that Lithia Motors Inc will post 8.34 EPS for the current year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 price objective on the stock in a research report on Wednesday. KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective (up previously from $119.00) on shares of Lithia Motors in a research report on Wednesday, October 4th. Berenberg Bank assumed coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They set 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 objective on the stock in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $124.00.

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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.

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Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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