Lithia Motors (LAD) Downgraded by TheStreet
Lithia Motors (NYSE:LAD) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Friday.
Several other research firms have also recently weighed in on LAD. Buckingham Research dropped their price objective on Lithia Motors from $129.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 26th. ValuEngine cut Lithia Motors from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th. Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Craig Hallum dropped their price objective on Lithia Motors from $120.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Finally, Morgan Stanley upgraded Lithia Motors to a “buy” rating in a report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.57.
NYSE LAD opened at $85.36 on Friday. Lithia Motors has a fifty-two week low of $78.85 and a fifty-two week high of $127.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.20 and a quick ratio of 0.23. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.58.
In other news, insider Chris Holzshu bought 1,250 shares of the stock in a transaction dated Friday, July 27th. The stock was bought at an average price of $82.23 per share, for a total transaction of $102,787.50. Following the purchase, the insider now directly owns 35,862 shares in the company, valued at approximately $2,948,932.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John F. North bought 1,175 shares of the stock in a transaction dated Monday, July 30th. The stock was purchased at an average price of $84.91 per share, with a total value of $99,769.25. Following the purchase, the insider now owns 15,481 shares in the company, valued at $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 added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of Lithia Motors in the 1st quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new position in Lithia Motors during the first quarter valued at $153,000. Stevens Capital Management LP purchased a new position in Lithia Motors during the second quarter valued at $205,000. Point72 Hong Kong Ltd raised its stake in Lithia Motors by 293.9% during the second quarter. Point72 Hong Kong Ltd now owns 2,265 shares of the company’s stock valued at $214,000 after buying an additional 1,690 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Lithia Motors during the second quarter valued at $248,000.
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.
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