Vanguard Group Inc. Boosts Position in Lithia Motors, Inc. (NYSE:LAD) (2024)

Vanguard Group Inc. raised its position in shares of Lithia Motors, Inc. (NYSE:LAD - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,823,369 shares of the company's stock after acquiring an additional 15,962 shares during the period. Vanguard Group Inc. owned approximately 10.26% of Lithia Motors worth $929,679,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC lifted its stake in Lithia Motors by 25.9% during the third quarter. HighTower Advisors LLC now owns 1,400 shares of the company's stock worth $414,000 after purchasing an additional 288 shares during the last quarter. UBS Group AG lifted its stake in Lithia Motors by 1,288.3% during the third quarter. UBS Group AG now owns 31,862 shares of the company's stock worth $9,410,000 after purchasing an additional 29,567 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Lithia Motors by 2.2% during the third quarter. Kestra Advisory Services LLC now owns 3,109 shares of the company's stock worth $918,000 after purchasing an additional 67 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Lithia Motors during the third quarter worth $546,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Lithia Motors during the third quarter worth $637,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LAD shares. Guggenheim downgraded shares of Lithia Motors from a "buy" rating to a "neutral" rating in a report on Friday, May 17th. JPMorgan Chase & Co. upgraded shares of Lithia Motors from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $270.00 to $280.00 in a report on Monday, June 10th. Citigroup lowered their price target on shares of Lithia Motors from $320.00 to $280.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. Wells Fargo & Company lowered their price target on shares of Lithia Motors from $290.00 to $248.00 and set an "equal weight" rating for the company in a report on Thursday, April 25th. Finally, StockNews.com upgraded shares of Lithia Motors from a "sell" rating to a "hold" rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $319.45.

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Read Our Latest Stock Report on Lithia Motors

Lithia Motors Trading Up 0.1 %

LAD traded up $0.36 during trading on Friday, reaching $248.70. 418,878 shares of the stock traded hands, compared to its average volume of 260,936. The company has a quick ratio of 0.28, a current ratio of 1.17 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $6.82 billion, a PE ratio of 7.34, a P/E/G ratio of 2.89 and a beta of 1.62. The stock's 50-day moving average is $259.42 and its 200 day moving average is $282.59. Lithia Motors, Inc. has a 12 month low of $231.36 and a 12 month high of $331.96.

Lithia Motors (NYSE:LAD - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $6.11 EPS for the quarter, missing analysts' consensus estimates of $7.85 by ($1.74). The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $8.58 billion. Lithia Motors had a net margin of 2.87% and a return on equity of 15.62%. The business's revenue was up 22.7% compared to the same quarter last year. During the same period last year, the company posted $8.44 EPS. Equities analysts anticipate that Lithia Motors, Inc. will post 28.79 earnings per share for the current year.

Lithia Motors Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from Lithia Motors's previous quarterly dividend of $0.50. Lithia Motors's dividend payout ratio is 6.26%.

Insider Transactions at Lithia Motors

In other news, Director Shauna Mcintyre sold 138 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $254.42, for a total transaction of $35,109.96. Following the transaction, the director now owns 2,228 shares of the company's stock, valued at approximately $566,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.79% of the company's stock.

Lithia Motors Company Profile

(Free Report)

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.

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Vanguard Group Inc. Boosts Position in Lithia Motors, Inc. (NYSE:LAD) (3)

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Vanguard Group Inc. Boosts Position in Lithia Motors, Inc. (NYSE:LAD) (2024)
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