Xponance Inc. Sells 211 Shares of Lithia Motors, Inc. (NYSE:LAD)

Xponance Inc. cut its stake in Lithia Motors, Inc. (NYSE:LADGet Rating) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,248 shares of the company’s stock after selling 211 shares during the quarter. Xponance Inc.’s holdings in Lithia Motors were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. MFN Partners Management LP lifted its position in Lithia Motors by 13.3% in the second quarter. MFN Partners Management LP now owns 851,077 shares of the company’s stock worth $233,884,000 after buying an additional 100,000 shares during the last quarter. State Street Corp lifted its position in Lithia Motors by 3.8% in the first quarter. State Street Corp now owns 807,874 shares of the company’s stock worth $242,459,000 after buying an additional 29,352 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in shares of Lithia Motors by 77.5% during the second quarter. Royal London Asset Management Ltd. now owns 554,398 shares of the company’s stock valued at $152,501,000 after purchasing an additional 242,086 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Lithia Motors by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 256,701 shares of the company’s stock worth $77,042,000 after purchasing an additional 9,621 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Lithia Motors by 15.4% in the 1st quarter. Invesco Ltd. now owns 239,950 shares of the company’s stock worth $72,014,000 after buying an additional 31,979 shares during the period. 98.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on LAD shares. JPMorgan Chase & Co. dropped their target price on shares of Lithia Motors from $325.00 to $285.00 and set an “overweight” rating on the stock in a research note on Thursday, October 6th. Craig Hallum dropped their target price on shares of Lithia Motors from $540.00 to $360.00 in a research note on Thursday, October 20th. Guggenheim dropped their target price on shares of Lithia Motors to $358.00 in a research note on Thursday, October 13th. Citigroup restated a “neutral” rating and issued a $245.00 target price on shares of Lithia Motors in a research note on Tuesday, December 13th. Finally, Wells Fargo & Company dropped their target price on shares of Lithia Motors from $348.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $303.67.

Lithia Motors Price Performance

NYSE LAD opened at $211.83 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 1.66. The firm’s 50 day moving average price is $216.27 and its 200-day moving average price is $238.63. Lithia Motors, Inc. has a 52-week low of $180.00 and a 52-week high of $349.61. The company has a market cap of $5.79 billion, a PE ratio of 4.75, a P/E/G ratio of 1.74 and a beta of 1.39.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The company reported $11.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.91 by ($0.83). The business had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.34 billion. Lithia Motors had a net margin of 4.70% and a return on equity of 28.20%. Lithia Motors’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.21 earnings per share. Sell-side analysts forecast that Lithia Motors, Inc. will post 45.55 EPS for the current fiscal year.

Lithia Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 11th were paid a $0.42 dividend. The ex-dividend date was Wednesday, November 9th. This represents a $1.68 annualized dividend and a yield of 0.79%. Lithia Motors’s dividend payout ratio (DPR) is 3.76%.

Lithia Motors Profile

(Get Rating)

Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

Read More

Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.