CreativeOne Wealth LLC Has $462,000 Position in Lithia Motors, Inc. (NYSE:LAD)

CreativeOne Wealth LLC increased its holdings in shares of Lithia Motors, Inc. (NYSE:LAD) by 15.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,453 shares of the company’s stock after purchasing an additional 193 shares during the period. CreativeOne Wealth LLC’s holdings in Lithia Motors were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Lithia Motors by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,700,893 shares of the company’s stock worth $429,390,000 after buying an additional 217,867 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Lithia Motors by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,016,520 shares of the company’s stock worth $256,621,000 after acquiring an additional 203,543 shares during the period. FMR LLC raised its stake in Lithia Motors by 12.8% during the 3rd quarter. FMR LLC now owns 753,067 shares of the company’s stock valued at $239,204,000 after purchasing an additional 85,579 shares during the last quarter. River Road Asset Management LLC boosted its holdings in Lithia Motors by 27.5% in the 3rd quarter. River Road Asset Management LLC now owns 365,184 shares of the company’s stock valued at $115,997,000 after purchasing an additional 78,784 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Lithia Motors by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 260,470 shares of the company’s stock worth $65,756,000 after purchasing an additional 5,390 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LAD. JPMorgan Chase & Co. increased their target price on shares of Lithia Motors from $375.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Stephens raised their price objective on Lithia Motors from $360.00 to $405.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Guggenheim boosted their price objective on Lithia Motors from $380.00 to $418.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Citigroup raised their target price on Lithia Motors from $280.00 to $320.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, Morgan Stanley raised shares of Lithia Motors from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $225.00 to $310.00 in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $357.60.

Insider Buying and Selling at Lithia Motors

In other news, CEO Bryan B. Deboer sold 15,846 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $386.72, for a total transaction of $6,127,965.12. Following the sale, the chief executive officer now directly owns 207,924 shares of the company’s stock, valued at $80,408,369.28. This represents a 7.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tina Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $392.72, for a total transaction of $392,720.00. Following the completion of the transaction, the chief financial officer now owns 10,403 shares of the company’s stock, valued at $4,085,466.16. This trade represents a 8.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,067 shares of company stock worth $20,933,294. 1.79% of the stock is currently owned by corporate insiders.

Lithia Motors Price Performance

NYSE:LAD opened at $386.90 on Monday. The company has a quick ratio of 0.27, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. The firm has a market cap of $10.31 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 6.35 and a beta of 1.63. Lithia Motors, Inc. has a 12 month low of $243.00 and a 12 month high of $405.67. The company’s 50-day moving average price is $340.34 and its two-hundred day moving average price is $293.82.

Lithia Motors (NYSE:LAD) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $8.21 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.61. Lithia Motors had a return on equity of 12.95% and a net margin of 2.31%. The business had revenue of $9.22 billion for the quarter, compared to analyst estimates of $9.46 billion. During the same period in the prior year, the company earned $9.25 EPS. Lithia Motors’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts anticipate that Lithia Motors, Inc. will post 29.42 EPS for the current fiscal year.

Lithia Motors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.55%. Lithia Motors’s dividend payout ratio is 7.24%.

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.