Stock Traders Buy Large Volume of Call Options on Lithia Motors (LAD)

Lithia Motors Inc (NYSE:LAD) was the recipient of some unusual options trading activity on Monday. Traders acquired 7,508 call options on the stock. This is an increase of 3,041% compared to the average daily volume of 239 call options.

NYSE:LAD opened at $84.10 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 1.20 and a debt-to-equity ratio of 1.07. The company has a market cap of $1.98 billion, a PE ratio of 10.02, a PEG ratio of 0.74 and a beta of 1.24. Lithia Motors has a 1-year low of $67.90 and a 1-year high of $119.27.

Several large investors have recently bought and sold shares of LAD. Bank of Montreal Can increased its holdings in shares of Lithia Motors by 65.8% during the 4th quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock valued at $84,000 after purchasing an additional 435 shares in the last quarter. Quattro Financial Advisors LLC purchased a new position in shares of Lithia Motors during the 4th quarter valued at approximately $85,000. Advisors Asset Management Inc. increased its holdings in shares of Lithia Motors by 367.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 7,453 shares of the company’s stock valued at $133,000 after purchasing an additional 5,859 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Lithia Motors by 14.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock valued at $139,000 after purchasing an additional 230 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in shares of Lithia Motors during the 3rd quarter valued at approximately $231,000.

LAD has been the subject of several recent research reports. TheStreet raised shares of Lithia Motors from a “c+” rating to a “b-” rating in a report on Tuesday, January 29th. Buckingham Research set a $106.00 target price on shares of Lithia Motors and gave the company a “buy” rating in a report on Thursday, October 25th. Craig Hallum set a $103.00 target price on shares of Lithia Motors and gave the company a “buy” rating in a report on Thursday, October 25th. Bank of America raised shares of Lithia Motors from a “neutral” rating to a “buy” rating and set a $110.00 target price for the company in a report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Wednesday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $104.40.

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About Lithia Motors

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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