Lithia Motors Inc (NYSE:LAD) was the recipient of unusually large options trading on Friday. Stock traders purchased 4,837 call options on the company. This is an increase of 834% compared to the average volume of 518 call options.

A number of research analysts recently issued reports on LAD shares. KeyCorp reaffirmed a “buy” rating and set a $130.00 target price (up from $119.00) on shares of Lithia Motors in a report on Wednesday, October 4th. Berenberg Bank began coverage on Lithia Motors in a research report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price target for the company. Zacks Investment Research lowered Lithia Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Bank of America upgraded Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target for the company in a research report on Monday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $121.43.

In related news, Director Kenneth E. Roberts sold 534 shares of Lithia Motors stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $122.62, for a total transaction of $65,479.08. Following the transaction, the director now directly owns 115,064 shares of the company’s stock, valued at $14,109,147.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan O. Cain sold 1,302 shares of Lithia Motors stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $115.79, for a total value of $150,758.58. Following the transaction, the director now directly owns 10,940 shares in the company, valued at $1,266,742.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,718 shares of company stock worth $655,932. 7.85% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its position in shares of Lithia Motors by 0.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,096 shares of the company’s stock valued at $1,234,000 after purchasing an additional 75 shares during the period. D.A. Davidson & CO. boosted its position in Lithia Motors by 7.3% during the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after acquiring an additional 75 shares during the period. Symphony Asset Management LLC boosted its position in Lithia Motors by 1.2% during the 2nd quarter. Symphony Asset Management LLC now owns 6,692 shares of the company’s stock worth $631,000 after acquiring an additional 78 shares during the period. Amalgamated Bank boosted its position in Lithia Motors by 2.9% during the 2nd quarter. Amalgamated Bank now owns 3,228 shares of the company’s stock worth $304,000 after acquiring an additional 91 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Lithia Motors by 9.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 98.47% of the company’s stock.

Lithia Motors (NYSE LAD) opened at $120.53 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 0.26. Lithia Motors has a 1 year low of $80.88 and a 1 year high of $124.04. The firm has a market capitalization of $3,030.00, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.92 and a beta of 1.72.

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

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Lithia Motors Company Profile

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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