Lithia Motors, Inc. (NYSE:LAD) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP cut its position in shares of Lithia Motors, Inc. (NYSE:LAD) by 10.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,084 shares of the company’s stock after selling 123 shares during the period. Quantinno Capital Management LP’s holdings in Lithia Motors were worth $344,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its holdings in Lithia Motors by 15.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,587 shares of the company’s stock worth $401,000 after acquiring an additional 213 shares during the period. Blue Trust Inc. grew its stake in shares of Lithia Motors by 83.6% in the 2nd quarter. Blue Trust Inc. now owns 134 shares of the company’s stock worth $34,000 after purchasing an additional 61 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Lithia Motors by 66.6% in the 2nd quarter. Raymond James & Associates now owns 30,898 shares of the company’s stock worth $7,800,000 after purchasing an additional 12,356 shares in the last quarter. Investment House LLC lifted its stake in Lithia Motors by 134.7% during the second quarter. Investment House LLC now owns 4,928 shares of the company’s stock valued at $1,244,000 after purchasing an additional 2,828 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Lithia Motors during the second quarter worth approximately $242,000.

Lithia Motors Trading Up 0.1 %

NYSE:LAD opened at $380.57 on Monday. The company’s 50 day moving average is $353.97 and its 200-day moving average is $302.46. The company has a quick ratio of 0.27, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. Lithia Motors, Inc. has a 12 month low of $243.00 and a 12 month high of $405.67. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 6.25 and a beta of 1.65.

Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, October 23rd. The company reported $8.21 EPS for the quarter, topping the consensus estimate of $7.60 by $0.61. Lithia Motors had a net margin of 2.31% and a return on equity of 12.95%. The firm had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.46 billion. During the same quarter last year, the firm posted $9.25 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts anticipate that Lithia Motors, Inc. will post 29.42 EPS for the current year.

Lithia Motors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a dividend of $0.53 per share. The ex-dividend date was Friday, November 8th. This represents a $2.12 annualized dividend and a yield of 0.56%. Lithia Motors’s payout ratio is 7.24%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley raised Lithia Motors from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $225.00 to $310.00 in a report on Wednesday, September 25th. Citigroup boosted their price objective on shares of Lithia Motors from $280.00 to $320.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Guggenheim raised their price target on Lithia Motors from $380.00 to $418.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Stephens raised their price objective on shares of Lithia Motors from $360.00 to $405.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company lifted their target price on shares of Lithia Motors from $299.00 to $343.00 and gave the company an “equal weight” rating in a research note 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. Based on data from MarketBeat, Lithia Motors presently has an average rating of “Moderate Buy” and an average target price of $357.60.

Insider Buying and Selling at Lithia Motors

In other Lithia Motors news, CFO Tina Miller sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $392.72, for a total value of $392,720.00. Following the sale, the chief financial officer now directly owns 10,403 shares in the company, valued at $4,085,466.16. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Bryan B. Deboer sold 6,742 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $400.00, for a total transaction of $2,696,800.00. Following the transaction, the chief executive officer now directly owns 174,445 shares of the company’s stock, valued at $69,778,000. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,290 shares of company stock valued at $17,959,596 in the last 90 days. 1.79% of the stock is currently owned by insiders.

Lithia Motors 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.