2,919 Shares in Lithia Motors, Inc. (NYSE:LAD) Bought by Brown Advisory Inc. (2024)

Brown Advisory Inc. purchased a new position in shares of Lithia Motors, Inc. (NYSE:LAD – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,919 shares of the company’s stock, valued at approximately $961,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Denali Advisors LLC increased its stake in Lithia Motors by 5,050.0% in the fourth quarter. Denali Advisors LLC now owns 103 shares of the company’s stock valued at $34,000 after purchasing an additional 101 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Lithia Motors in the third quarter valued at $32,000. GAMMA Investing LLC purchased a new position in shares of Lithia Motors during the fourth quarter worth about $49,000. EverSource Wealth Advisors LLC increased its position in shares of Lithia Motors by 52.0% during the third quarter. EverSource Wealth Advisors LLC now owns 380 shares of the company’s stock worth $112,000 after purchasing an additional 130 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Lithia Motors by 5,785.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 412 shares of the company’s stock valued at $135,000 after purchasing an additional 405 shares during the last quarter.

Lithia Motors Stock Performance

NYSE:LAD opened at $255.95 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.17 and a quick ratio of 0.28. The firm has a market cap of $7.02 billion, a PE ratio of 7.56, a P/E/G ratio of 2.96 and a beta of 1.59. The firm has a 50 day simple moving average of $271.78 and a 200-day simple moving average of $284.25. Lithia Motors, Inc. has a 1-year low of $229.71 and a 1-year high of $331.96.

Lithia Motors (NYSE:LAD – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $6.11 EPS for the quarter, missing the consensus estimate of $7.85 by ($1.74). Lithia Motors had a net margin of 2.87% and a return on equity of 15.62%. The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter last year, the firm earned $8.44 EPS. The firm’s quarterly revenue was up 22.7% compared to the same quarter last year. On average, equities analysts expect that Lithia Motors, Inc. will post 28.78 EPS for the current year.

Lithia Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.53 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.50. Lithia Motors’s dividend payout ratio (DPR) is 6.26%.

Insider Buying and Selling

In other news, Director Shauna Mcintyre sold 138 shares of the company’s 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 completion of the transaction, the director now owns 2,228 shares in the company, valued at $566,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LAD has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Lithia Motors from $285.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Bank of America upped their price objective on shares of Lithia Motors from $380.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Citigroup lowered their target price on shares of Lithia Motors from $320.00 to $280.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Wells Fargo & Company cut their target price on Lithia Motors from $290.00 to $248.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group upped their price objective on Lithia Motors from $300.00 to $334.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $318.55.

View Our Latest Research Report on LAD

Lithia Motors 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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