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Arizona State Retirement System Has $2.46 Million Holdings in Lithia Motors, Inc. (NYSE:LAD)

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Arizona State Retirement System grew its stake in Lithia Motors, Inc. (NYSE:LADGet Rating) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,185 shares of the company’s stock after buying an additional 43 shares during the quarter. Arizona State Retirement System’s holdings in Lithia Motors were worth $2,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Factorial Partners LLC boosted its holdings in shares of Lithia Motors by 9.1% in the first quarter. Factorial Partners LLC now owns 2,400 shares of the company’s stock valued at $720,000 after buying an additional 200 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Lithia Motors by 4.8% during the first quarter. State of New Jersey Common Pension Fund D now owns 17,437 shares of the company’s stock worth $5,233,000 after purchasing an additional 794 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Lithia Motors by 77.4% during the first quarter. Calamos Advisors LLC now owns 28,286 shares of the company’s stock worth $8,490,000 after purchasing an additional 12,341 shares during the last quarter. Hallmark Capital Management Inc. boosted its holdings in Lithia Motors by 5.4% during the first quarter. Hallmark Capital Management Inc. now owns 943 shares of the company’s stock worth $283,000 after purchasing an additional 48 shares during the last quarter. Finally, Outfitter Financial LLC boosted its holdings in Lithia Motors by 7.7% during the first quarter. Outfitter Financial LLC now owns 2,631 shares of the company’s stock worth $790,000 after purchasing an additional 189 shares during the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

Insider Buying and Selling

In other Lithia Motors news, Director Sidney B. Deboer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $312.09, for a total value of $1,560,450.00. Following the transaction, the director now directly owns 45,779 shares of the company’s stock, valued at approximately $14,287,168.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Lithia Motors news, Director Sidney B. Deboer sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $312.09, for a total value of $1,560,450.00. Following the transaction, the director now directly owns 45,779 shares of the company’s stock, valued at approximately $14,287,168.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sidney B. Deboer sold 998 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $310.01, for a total transaction of $309,389.98. Following the completion of the sale, the director now owns 50,779 shares in the company, valued at $15,741,997.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,998 shares of company stock valued at $3,394,840. 1.70% of the stock is owned by company insiders.

Lithia Motors Price Performance

Shares of LAD opened at $265.28 on Friday. The firm has a market capitalization of $7.68 billion, a PE ratio of 6.19, a PEG ratio of 0.86 and a beta of 1.48. The company’s 50-day moving average is $282.78 and its 200-day moving average is $298.21. Lithia Motors, Inc. has a fifty-two week low of $249.20 and a fifty-two week high of $387.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.59 and a quick ratio of 0.45.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings results on Wednesday, July 20th. The company reported $12.18 EPS for the quarter, missing analysts’ consensus estimates of $12.22 by ($0.04). Lithia Motors had a return on equity of 29.55% and a net margin of 4.82%. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.22 billion. During the same period in the prior year, the business posted $11.12 earnings per share. Lithia Motors’s revenue was up 20.5% compared to the same quarter last year. Equities analysts forecast that Lithia Motors, Inc. will post 47.64 EPS for the current year.

Lithia Motors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, August 11th. Lithia Motors’s dividend payout ratio is 3.92%.

Analysts Set New Price Targets

A number of brokerages have commented on LAD. StockNews.com cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a research note on Saturday, July 23rd. Guggenheim increased their price target on shares of Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Wells Fargo & Company cut their price target on shares of Lithia Motors from $350.00 to $348.00 and set an “overweight” rating for the company in a research note on Thursday, July 14th. JPMorgan Chase & Co. cut their price target on shares of Lithia Motors from $380.00 to $325.00 in a research note on Friday, July 15th. Finally, Morgan Stanley cut their price target on shares of Lithia Motors from $260.00 to $220.00 and set an “underweight” rating for the company in a research note on Thursday, July 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $367.75.

Lithia Motors Profile

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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.

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