19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. raised its position in Lithia Motors, Inc. ( NYSE:LAD – Free Report ) by 1.
0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 208,253 shares of the company’s stock after buying an additional 2,108 shares during the period. Charles Schwab Investment Management Inc.
owned 0.78% of Lithia Motors worth $74,436,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Wealth Enhancement Advisory Services LLC bought a new position in shares of Lithia Motors during the 3rd quarter valued at approximately $248,000. Janney Montgomery Scott LLC boosted its holdings in Lithia Motors by 120.7% in the 3rd quarter.
Janney Montgomery Scott LLC now owns 4,549 shares of the company’s stock valued at $1,445,000 after purchasing an additional 2,488 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Lithia Motors by 51.
4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,472 shares of the company’s stock valued at $785,000 after purchasing an additional 839 shares during the period.
Venturi Wealth Management LLC boosted its holdings in Lithia Motors by 4,888.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 848 shares of the company’s stock valued at $269,000 after purchasing an additional 831 shares during the period.
Finally, Versor Investments LP boosted its holdings in Lithia Motors by 7.0% in the 3rd quarter. Versor Investments LP now owns 856 shares of the company’s stock valued at $272,000 after purchasing an additional 56 shares during the period.
Wall Street Analysts Forecast Growth Several research analysts have commented on the stock. StockNews.com raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th.
Benchmark reissued a “buy” rating and issued a $400.00 price target on shares of Lithia Motors in a report on Thursday, February 20th. JPMorgan Chase & Co.
raised their price objective on shares of Lithia Motors from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th.
Guggenheim raised their price objective on shares of Lithia Motors from $380.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, November 21st.
Finally, Evercore ISI raised their price objective on shares of Lithia Motors from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th.
Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $371.
36. Insider Activity In related news, COO Adam Chamberlain sold 403 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $384.
28, for a total transaction of $154,864.84. Following the transaction, the chief operating officer now owns 2,605 shares in the company, valued at $1,001,049.
40. This represents a 13.40 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Gary M. Glandon sold 325 shares of the stock in a transaction that occurred on Thursday, February 13th.
The shares were sold at an average price of $387.86, for a total transaction of $126,054.50.
Following the transaction, the insider now owns 1,665 shares in the company, valued at approximately $645,786.90. This trade represents a 16.
33 % decrease in their position. The disclosure for this sale can be found here . Corporate insiders own 1.
79% of the company’s stock. Lithia Motors Price Performance Shares of NYSE:LAD opened at $293.90 on Tuesday.
The stock has a market cap of $7.73 billion, a PE ratio of 9.90, a PEG ratio of 4.
65 and a beta of 1.69. The company’s fifty day moving average is $355.
30 and its 200 day moving average is $341.92. Lithia Motors, Inc.
has a 52 week low of $243.00 and a 52 week high of $405.67.
The company has a quick ratio of 0.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.
22. Lithia Motors ( NYSE:LAD – Get Free Report ) last announced its earnings results on Wednesday, February 12th. The company reported $7.
79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.33 by $0.46.
Lithia Motors had a net margin of 2.21% and a return on equity of 12.43%.
Research analysts anticipate that Lithia Motors, Inc. will post 34.45 earnings per share for the current year.
Lithia Motors Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.53 per share.
This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.72%.
The ex-dividend date of this dividend is Friday, March 7th. Lithia Motors’s payout ratio is 7.14%.
About Lithia Motors ( 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.
Its Financing Operations segment provides financing to customers buying and leasing retail vehicles. Recommended Stories Five stocks we like better than Lithia Motors What is Forex and How Does it Work? How to Protect Your Portfolio When Inflation Is Rising How to Profit From Value Investing 3 Tech Stocks Defying Sector Weakness and Thriving in 2025 CD Calculator: Certificate of Deposit Calculator Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors 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 .
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