Stock Traders Buy High Volume of Call Options on Lithia Motors (LAD)

Lithia Motors, Inc. (NYSE:LAD) saw unusually large options trading on Tuesday. Investors acquired 2,004 call options on the stock. This is an increase of approximately 3,297% compared to the average daily volume of 59 call options.

In related news, Director Kenneth E. Roberts sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $115.98, for a total value of $1,739,700.00. Following the completion of the sale, the director now owns 130,598 shares in the company, valued at approximately $15,146,756.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sidney B. Deboer sold 831 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $113.32, for a total value of $94,168.92. Following the completion of the sale, the director now owns 433 shares of the company’s stock, valued at approximately $49,067.56. The disclosure for this sale can be found here. In the last three months, insiders sold 115,895 shares of company stock valued at $13,851,532. 7.85% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of LAD. D.A. Davidson & CO. raised its holdings in Lithia Motors by 7.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Lithia Motors by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after purchasing an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Lithia Motors by 10.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock valued at $137,000 after purchasing an additional 146 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Lithia Motors during the third quarter valued at approximately $144,000. Finally, Brighton Jones LLC purchased a new stake in shares of Lithia Motors in the second quarter worth $201,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

Shares of Lithia Motors (LAD) opened at $117.29 on Friday. The company has a market cap of $2,940.00, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.99 and a beta of 1.72. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Lithia Motors has a 12 month low of $80.88 and a 12 month high of $123.50.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company posted $2.06 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. equities analysts anticipate that Lithia Motors will post 8.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a $0.27 dividend. The ex-dividend date was Thursday, November 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.92%. Lithia Motors’s dividend payout ratio (DPR) is presently 13.12%.

LAD has been the topic of a number of research analyst reports. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Lithia Motors in a report on Monday, November 13th. Zacks Investment Research cut Lithia Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Berenberg Bank started coverage on Lithia Motors in a research note on Wednesday, October 4th. They set a “hold” rating and a $126.00 price target on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and set a $125.00 price objective on shares of Lithia Motors in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $116.29.

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Lithia Motors Company Profile

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.

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