SG Americas Securities LLC bought a new position in Lithia Motors Inc (NYSE:LAD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,495 shares of the company’s stock, valued at approximately $139,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Texas Permanent School Fund lifted its position in Lithia Motors by 1.0% during the fourth quarter. Texas Permanent School Fund now owns 14,743 shares of the company’s stock valued at $1,125,000 after purchasing an additional 142 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Lithia Motors by 100.5% during the first quarter. Versant Capital Management Inc now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 197 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lithia Motors by 14.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock worth $139,000 after acquiring an additional 230 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Lithia Motors by 16.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock worth $170,000 after acquiring an additional 309 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Lithia Motors by 65.8% during the fourth quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock worth $84,000 after acquiring an additional 435 shares in the last quarter.
In other Lithia Motors news, Director Sidney B. Deboer sold 15,433 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $114.00, for a total value of $1,759,362.00. Following the completion of the transaction, the director now directly owns 11,144 shares in the company, valued at approximately $1,270,416. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.21% of the stock is currently owned by corporate insiders.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.29. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Lithia Motors had a net margin of 2.25% and a return on equity of 20.68%. Lithia Motors’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 EPS. On average, sell-side analysts expect that Lithia Motors Inc will post 11.15 EPS for the current year.
Several research analysts recently commented on LAD shares. Zacks Investment Research downgraded shares of Lithia Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Morgan Stanley lifted their target price on shares of Lithia Motors from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. ValuEngine raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Stephens raised shares of Lithia Motors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $106.00 to $132.00 in a research report on Thursday, April 25th. Finally, Craig Hallum reissued a “buy” rating and set a $125.00 price objective (up from $103.00) on shares of Lithia Motors in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Lithia Motors has an average rating of “Buy” and an average price target of $118.78.
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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