5,449 Shares in Lithia Motors, Inc. $LAD Bought by Tabor Asset Management LP

Tabor Asset Management LP acquired a new stake in shares of Lithia Motors, Inc. (NYSE:LAD) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 5,449 shares of the company’s stock, valued at approximately $1,722,000.

Other hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC bought a new stake in shares of Lithia Motors during the 3rd quarter worth approximately $26,000. Eastern Bank bought a new position in shares of Lithia Motors during the 3rd quarter worth approximately $31,000. Root Financial Partners LLC acquired a new stake in Lithia Motors during the 3rd quarter valued at $31,000. Parkside Financial Bank & Trust increased its holdings in shares of Lithia Motors by 75.0% in the third quarter. Parkside Financial Bank & Trust now owns 105 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares during the last quarter. Finally, Winnow Wealth LLC acquired a new stake in shares of Lithia Motors during the 3rd quarter worth about $46,000.

Lithia Motors Stock Performance

NYSE:LAD opened at $265.80 on Tuesday. The stock’s 50-day moving average is $314.13 and its 200-day moving average is $319.35. The stock has a market cap of $6.21 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.59 and a beta of 1.21. Lithia Motors, Inc. has a 1-year low of $251.00 and a 1-year high of $360.55. The company has a current ratio of 1.17, a quick ratio of 0.26 and a debt-to-equity ratio of 1.46.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $6.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.09 by ($1.35). The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.19 billion. Lithia Motors had a return on equity of 12.76% and a net margin of 2.18%.Lithia Motors’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $7.79 earnings per share. Equities research analysts anticipate that Lithia Motors, Inc. will post 34.45 earnings per share for the current year.

Lithia Motors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.20 annualized dividend and a yield of 0.8%. Lithia Motors’s dividend payout ratio is currently 6.85%.

Insider Activity at Lithia Motors

In other Lithia Motors news, Director Congdon Stacy Loretz sold 75 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $360.00, for a total transaction of $27,000.00. Following the transaction, the director owned 1,810 shares in the company, valued at approximately $651,600. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Lithia Motors from $358.00 to $355.00 and set an “equal weight” rating for the company in a report on Thursday, February 12th. Barclays dropped their price target on shares of Lithia Motors from $390.00 to $380.00 and set an “overweight” rating for the company in a research report on Tuesday, February 17th. JPMorgan Chase & Co. downgraded Lithia Motors from an “overweight” rating to a “neutral” rating and set a $335.00 price target for the company. in a research note on Friday, February 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lithia Motors in a research report on Thursday, January 22nd. Finally, Evercore lifted their price target on Lithia Motors from $440.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $382.33.

Lithia Motors Company Profile

Lithia Motors, Inc is an American automotive retailer headquartered in Medford, Oregon. Founded in 1946 as a small auto body and glass shop, the company has grown through organic expansion and strategic acquisitions to become one of the largest automotive retail networks in North America. Lithia operates dealerships across the United States and Canada, offering a broad portfolio of new and pre-owned vehicles from more than 40 different manufacturers.

The company’s core business activities include vehicle sales, financing, insurance, parts and service.