Raymond James & Associates Has $7.80 Million Stock Position in Lithia Motors, Inc. (NYSE:LAD) (2024)

Raymond James & Associates lifted its position in Lithia Motors, Inc. (NYSE:LAD - Free Report) by 66.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,898 shares of the company's stock after buying an additional 12,356 shares during the quarter. Raymond James & Associates owned about 0.11% of Lithia Motors worth $7,800,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in LAD. Blue Trust Inc. raised its holdings in Lithia Motors by 83.6% during the second quarter. Blue Trust Inc. now owns 134 shares of the company's stock valued at $34,000 after buying an additional 61 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Lithia Motors in the 4th quarter worth approximately $49,000. Rise Advisors LLC boosted its position in Lithia Motors by 80.2% during the first quarter. Rise Advisors LLC now owns 191 shares of the company's stock worth $57,000 after purchasing an additional 85 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Lithia Motors during the fourth quarter valued at approximately $67,000. Finally, Mather Group LLC. bought a new position in shares of Lithia Motors in the first quarter valued at approximately $114,000.

Insider Buying and Selling

In related news, Director Shauna Mcintyre sold 306 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $289.65, for a total transaction of $88,632.90. Following the completion of the transaction, the director now directly owns 1,922 shares in the company, valued at $556,707.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Lithia Motors news, Director Sidney B. Deboer sold 11,938 shares of Lithia Motors stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $290.86, for a total value of $3,472,286.68. Following the sale, the director now directly owns 46,129 shares in the company, valued at approximately $13,417,080.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shauna Mcintyre sold 306 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $289.65, for a total transaction of $88,632.90. Following the transaction, the director now owns 1,922 shares of the company's stock, valued at $556,707.30. The disclosure for this sale can be found here. Company insiders own 1.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LAD. The Goldman Sachs Group boosted their price objective on Lithia Motors from $300.00 to $335.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their price objective on Lithia Motors from $266.00 to $302.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on shares of Lithia Motors from $280.00 to $315.00 and gave the company an "overweight" rating in a research note on Tuesday, August 6th. Bank of America increased their target price on Lithia Motors from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Finally, Guggenheim upgraded Lithia Motors from a "neutral" rating to a "buy" rating and set a $338.00 price target on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $321.50.

Get Our Latest Report on Lithia Motors

Lithia Motors Trading Down 0.9 %

NYSE:LAD traded down $2.75 on Tuesday, reaching $298.60. The company's stock had a trading volume of 264,826 shares, compared to its average volume of 248,160. Lithia Motors, Inc. has a 1-year low of $231.36 and a 1-year high of $331.96. The business's 50-day moving average price is $267.37 and its two-hundred day moving average price is $272.08. The firm has a market cap of $8.18 billion, a PE ratio of 8.82, a PEG ratio of 3.59 and a beta of 1.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.28 and a current ratio of 1.19.

Lithia Motors (NYSE:LAD - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $7.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.09 by $0.78. The business had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.29 billion. Lithia Motors had a return on equity of 13.81% and a net margin of 2.52%. Lithia Motors's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.91 EPS. Equities research analysts anticipate that Lithia Motors, Inc. will post 27.62 earnings per share for the current fiscal year.

Lithia Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.12 annualized dividend and a yield of 0.71%. Lithia Motors's dividend payout ratio is currently 6.26%.

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.

Read More

• Five stocks we like better than Lithia Motors
• Why Special Dividends Can be a Delightful Surprise for Income Investors
• Study: How Much Are Retirees Earning from Side Hustles in 2024?
• Dividend Payout Ratio Calculator
• Brinker International Offers a Pullback Opportunity on EPS Miss
• Investing in the High PE Growth Stocks
• Globant Is an Emerging AI Play That’s Expanding Its Footprint

Should you invest $1,000 in Lithia Motors right now?

Before you consider Lithia Motors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithia Motors wasn't on the list.

While Lithia Motors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here