Lithia Motors, Inc. (NYSE:LAD) Director Shauna Mcintyre Sells 306 Shares (2024)

Lithia Motors, Inc. (NYSE:LAD - Get Free Report) Director Shauna Mcintyre sold 306 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $289.65, for a total transaction of $88,632.90. Following the completion of the sale, the director now owns 1,922 shares in the company, valued at approximately $556,707.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lithia Motors Stock Performance

Ladder Corporation: Climbing Higher And Paying 9% Yield

Shares of Lithia Motors stock opened at $290.10 on Friday. The company has a market capitalization of $7.95 billion, a PE ratio of 8.57, a P/E/G ratio of 3.59 and a beta of 1.63. The company has a 50-day simple moving average of $257.10 and a two-hundred day simple moving average of $273.75. Lithia Motors, Inc. has a one year low of $231.36 and a one year high of $331.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.28 and a current ratio of 1.19.

Lithia Motors (NYSE:LAD - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $7.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.09 by $0.78. Lithia Motors had a net margin of 2.52% and a return on equity of 13.81%. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the prior year, the company posted $10.91 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Research analysts expect that Lithia Motors, Inc. will post 27.62 EPS for the current fiscal year.

Lithia Motors Announces Dividend

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, August 9th. Lithia Motors's dividend payout ratio (DPR) is currently 6.26%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Lithia Motors by 24.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 49,797 shares of the company's stock valued at $16,397,000 after buying an additional 9,818 shares in the last quarter. Amalgamated Bank boosted its position in Lithia Motors by 16.8% during the fourth quarter. Amalgamated Bank now owns 20,759 shares of the company's stock worth $6,836,000 after purchasing an additional 2,992 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Lithia Motors by 132.9% in the first quarter. BNP Paribas Financial Markets now owns 19,138 shares of the company's stock valued at $5,758,000 after purchasing an additional 10,920 shares during the period. Channing Capital Management LLC increased its position in shares of Lithia Motors by 13.4% in the fourth quarter. Channing Capital Management LLC now owns 30,390 shares of the company's stock valued at $10,007,000 after buying an additional 3,602 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in shares of Lithia Motors during the 1st quarter worth approximately $975,000.

Analyst Upgrades and Downgrades

3 Mid-Cap Auto Stocks to Buy Ahead of Earnings

LAD has been the subject of several analyst reports. Guggenheim downgraded shares of Lithia Motors from a "buy" rating to a "neutral" rating in a research report on Friday, May 17th. Citigroup reduced their price objective on Lithia Motors from $320.00 to $280.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Wells Fargo & Company increased their price objective on shares of Lithia Motors from $266.00 to $302.00 and gave the company an "equal weight" rating in a research report on Friday. Craig Hallum dropped their target price on Lithia Motors from $350.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Lithia Motors from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lithia Motors has a consensus rating of "Hold" and a consensus target price of $313.90.

Check Out Our Latest Analysis on Lithia Motors

About Lithia Motors

(Get Free Report)

Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products.