Lithia Motors, Inc. $LAD Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its holdings in shares of Lithia Motors, Inc. (NYSE:LAD - Free Report) by 30.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,788 shares of the company's stock after acquiring an additional 1,106 shares during the quarter. CreativeOne Wealth LLC's holdings in Lithia Motors were worth $1,618,000 as of its most recent filing with the Securities and Exchange Commission.

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Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Lithia Motors by 114.6% during the 2nd quarter. Bessemer Group Inc. now owns 88 shares of the company's stock worth $29,000 after purchasing an additional 47 shares in the last quarter. Hantz Financial Services Inc. increased its position in Lithia Motors by 1,383.3% during the second quarter. Hantz Financial Services Inc. now owns 89 shares of the company's stock worth $30,000 after buying an additional 83 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Lithia Motors by 106.2% in the second quarter. Parallel Advisors LLC now owns 134 shares of the company's stock valued at $45,000 after acquiring an additional 69 shares in the last quarter. eCIO Inc. acquired a new stake in shares of Lithia Motors during the first quarter valued at $55,000. Finally, CWM LLC increased its position in Lithia Motors by 30.1% during the 1st quarter. CWM LLC now owns 212 shares of the company's stock worth $62,000 after purchasing an additional 49 shares in the last quarter.

Lithia Motors Trading Up 0.5%

NYSE LAD opened at $318.94 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.30 and a current ratio of 1.21. Lithia Motors, Inc. has a one year low of $262.10 and a one year high of $405.14. The company's 50 day moving average price is $310.53 and its 200 day moving average price is $318.62. The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.67 and a beta of 1.29.

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Lithia Motors (NYSE:LAD - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The company reported $9.50 EPS for the quarter, beating analysts' consensus estimates of $8.53 by $0.97. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.38 billion. Lithia Motors had a net margin of 2.39% and a return on equity of 13.42%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $8.21 EPS. On average, sell-side analysts predict that Lithia Motors, Inc. will post 34.45 EPS for the current year.

Lithia Motors declared that its board has authorized a share buyback program on Tuesday, August 26th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Lithia Motors Dividend Announcement

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The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, November 7th. Lithia Motors's payout ratio is currently 6.37%.

Analyst Ratings Changes

A number of research firms have issued reports on LAD. Benchmark restated a "buy" rating on shares of Lithia Motors in a report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price objective on shares of Lithia Motors from $320.00 to $350.00 and gave the company an "overweight" rating in a research note on Tuesday, October 14th. Guggenheim decreased their target price on shares of Lithia Motors from $383.00 to $380.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Barclays assumed coverage on Lithia Motors in a report on Wednesday, November 12th. They issued an "overweight" rating and a $410.00 price target for the company. Finally, Evercore ISI raised their price objective on Lithia Motors from $440.00 to $500.00 and gave the stock an "outperform" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $389.10.

Get Our Latest Stock Analysis on Lithia Motors

Lithia Motors Company Profile

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.

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