Lithia Motors, Inc. (NYSE:LAD) is Southpoint Capital Advisors LP’s 8th Largest Position

Southpoint Capital Advisors LP trimmed its holdings in shares of Lithia Motors, Inc. (NYSE:LAD) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 546,250 shares of the company’s stock after selling 28,750 shares during the period. Lithia Motors accounts for about 3.5% of Southpoint Capital Advisors LP’s holdings, making the stock its 8th biggest holding. Southpoint Capital Advisors LP owned approximately 2.05% of Lithia Motors worth $213,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Capital Asset Advisory Services LLC purchased a new position in Lithia Motors in the 4th quarter valued at about $25,000. TCI Wealth Advisors Inc. boosted its position in Lithia Motors by 133.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 84 shares of the company’s stock valued at $33,000 after buying an additional 48 shares during the last quarter. Tobam purchased a new position in Lithia Motors in the 1st quarter valued at about $36,000. CWM LLC boosted its position in Lithia Motors by 228.9% in the 1st quarter. CWM LLC now owns 148 shares of the company’s stock valued at $58,000 after buying an additional 103 shares during the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in Lithia Motors by 1,146.7% in the 1st quarter. Carroll Financial Associates Inc. now owns 187 shares of the company’s stock valued at $72,000 after buying an additional 172 shares during the last quarter. 94.79% of the stock is owned by hedge funds and other institutional investors.

Shares of Lithia Motors stock traded up $5.55 on Thursday, hitting $376.68. The company had a trading volume of 7,544 shares, compared to its average volume of 488,693. The business has a 50-day simple moving average of $344.10. The company has a current ratio of 1.26, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. The stock has a market cap of $10.04 billion, a P/E ratio of 16.09, a PEG ratio of 0.71 and a beta of 1.80. Lithia Motors, Inc. has a 52 week low of $189.20 and a 52 week high of $417.98.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Tuesday, July 20th. The company reported $11.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.17 by $4.95. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Lithia Motors had a net margin of 3.96% and a return on equity of 25.27%. The business’s revenue was up 117.8% on a year-over-year basis. During the same period last year, the firm posted $3.72 earnings per share. On average, equities analysts expect that Lithia Motors, Inc. will post 24.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 27th. Stockholders of record on Friday, August 13th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, August 12th. Lithia Motors’s dividend payout ratio (DPR) is presently 7.70%.

A number of equities research analysts have recently issued reports on the stock. Craig Hallum upped their target price on shares of Lithia Motors from $500.00 to $520.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Lithia Motors from $310.00 to $320.00 and gave the stock an “underweight” rating in a research note on Friday, April 23rd. Bank of America increased their price objective on shares of Lithia Motors from $460.00 to $467.00 and gave the stock a “buy” rating in a research note on Friday, July 16th. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $449.00 price objective on the stock in a research note on Monday, April 26th. Finally, Guggenheim increased their price objective on shares of Lithia Motors from $462.00 to $465.00 and gave the stock a “buy” rating in a research note on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Lithia Motors presently has a consensus rating of “Buy” and a consensus target price of $373.17.

Lithia Motors Company Profile

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.

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Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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