Timber Creek Capital Management LLC Has $2.97 Million Position in Lithia Motors, Inc. (NYSE:LAD)

Timber Creek Capital Management LLC boosted its holdings in Lithia Motors, Inc. (NYSE:LAD - Free Report) by 23.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,344 shares of the company's stock after buying an additional 1,798 shares during the quarter. Timber Creek Capital Management LLC's holdings in Lithia Motors were worth $2,968,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LAD. Price T Rowe Associates Inc. MD increased its holdings in Lithia Motors by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,223 shares of the company's stock valued at $4,580,000 after buying an additional 842 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Lithia Motors by 0.6% during the first quarter. Janus Henderson Group PLC now owns 15,083 shares of the company's stock worth $4,537,000 after purchasing an additional 83 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Lithia Motors by 13.3% during the first quarter. EverSource Wealth Advisors LLC now owns 554 shares of the company's stock worth $167,000 after purchasing an additional 65 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Lithia Motors during the second quarter worth about $607,000. Finally, Diversified Trust Co purchased a new position in shares of Lithia Motors during the second quarter worth about $339,000.

Insider Buying and Selling at Lithia Motors

In other news, CEO Bryan B. Deboer sold 6,742 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $400.00, for a total value of $2,696,800.00. Following the completion of the sale, the chief executive officer now directly owns 174,445 shares of the company's stock, valued at approximately $69,778,000. This represents a 3.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Tina Miller sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $392.72, for a total transaction of $392,720.00. Following the sale, the chief financial officer now directly owns 10,403 shares of the company's stock, valued at approximately $4,085,466.16. This represents a 8.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,067 shares of company stock valued at $20,933,294 in the last ninety days. Company insiders own 1.79% of the company's stock.

Lithia Motors Stock Performance

Shares of NYSE:LAD traded up $0.74 during trading on Friday, reaching $386.90. 84,703 shares of the company's stock traded hands, compared to its average volume of 302,916. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.18 and a quick ratio of 0.27. Lithia Motors, Inc. has a 12 month low of $243.00 and a 12 month high of $405.67. The company has a 50 day moving average of $340.34 and a 200-day moving average of $293.82. The stock has a market capitalization of $10.31 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 6.35 and a beta of 1.63.

Lithia Motors (NYSE:LAD - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $8.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.60 by $0.61. The firm had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.46 billion. Lithia Motors had a net margin of 2.31% and a return on equity of 12.95%. Lithia Motors's revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $9.25 EPS. On average, equities analysts expect that Lithia Motors, Inc. will post 29.42 EPS for the current year.

Lithia Motors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, November 8th. Lithia Motors's payout ratio is 7.24%.

Analyst Upgrades and Downgrades

LAD has been the topic of several research reports. Morgan Stanley raised Lithia Motors from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $225.00 to $310.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. increased their target price on shares of Lithia Motors from $375.00 to $405.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Lithia Motors from a "sell" rating to a "hold" rating in a research note on Friday. Stephens increased their target price on shares of Lithia Motors from $360.00 to $405.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Finally, Citigroup increased their target price on shares of Lithia Motors from $280.00 to $320.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Lithia Motors currently has an average rating of "Moderate Buy" and a consensus target price of $357.60.

Lithia Motors 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.