Inspire Investing LLC reduced its stake in Lithia Motors, Inc. (NYSE:LAD – Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,361 shares of the company’s stock after selling 566 shares during the period. Inspire Investing LLC’s holdings in Lithia Motors were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in LAD. V Square Quantitative Management LLC bought a new stake in shares of Lithia Motors during the 3rd quarter valued at $35,000. UMB Bank n.a. raised its stake in Lithia Motors by 69.9% in the fourth quarter. UMB Bank n.a. now owns 124 shares of the company’s stock valued at $44,000 after purchasing an additional 51 shares in the last quarter. GAMMA Investing LLC lifted its position in Lithia Motors by 30.5% during the fourth quarter. GAMMA Investing LLC now owns 167 shares of the company’s stock worth $60,000 after purchasing an additional 39 shares during the period. Blue Trust Inc. grew its stake in Lithia Motors by 49.3% during the third quarter. Blue Trust Inc. now owns 200 shares of the company’s stock worth $64,000 after buying an additional 66 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Lithia Motors by 23.9% in the 3rd quarter. Signaturefd LLC now owns 249 shares of the company’s stock valued at $79,000 after buying an additional 48 shares during the period.
Insider Activity
In other news, CFO Tina Miller sold 1,000 shares of Lithia Motors stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $392.72, for a total value of $392,720.00. Following the completion of the transaction, the chief financial officer now directly owns 10,403 shares of the company’s stock, valued at approximately $4,085,466.16. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bryan B. Deboer sold 15,846 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $386.72, for a total value of $6,127,965.12. Following the sale, the chief executive officer now owns 207,924 shares in the company, valued at approximately $80,408,369.28. The trade was a 7.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,770 shares of company stock valued at $15,103,607. 1.79% of the stock is currently owned by insiders.
Lithia Motors Trading Up 0.3 %
Lithia Motors (NYSE:LAD – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $8.21 EPS for the quarter, beating the consensus estimate of $7.60 by $0.61. Lithia Motors had a return on equity of 12.95% and a net margin of 2.31%. The business had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.46 billion. During the same period in the prior year, the business posted $9.25 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. On average, analysts expect that Lithia Motors, Inc. will post 29.25 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on LAD. Benchmark assumed coverage on shares of Lithia Motors in a report on Wednesday, January 8th. They set a “buy” rating and a $400.00 price target for the company. StockNews.com upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target on Lithia Motors from $405.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Citigroup increased their target price on shares of Lithia Motors from $280.00 to $320.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, Stephens boosted their price objective on Lithia Motors from $360.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $357.40.
View Our Latest Stock Report on LAD
Lithia Motors Company Profile
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. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.
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