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MEDFORD, OR—Loretz Congdon Stacy, a director at Lithia Motors Inc . (NYSE:LAD), has recently sold a portion of her holdings in the company. According to a recent SEC filing, Stacy sold 270 shares of Lithia Motors common stock on March 12 at an average price of $298.80 per share. This transaction amounted to a total sale value of approximately $80,675. The sale comes as the stock trades near its InvestingPro Fair Value, with analyst targets ranging from $330 to $500 per share.
Following this sale, Stacy retains ownership of 1,213 shares in the company. Lithia Motors, headquartered in Medford, Oregon, is a prominent player in the auto retail industry, with a market capitalization of $7.76 billion and a P/E ratio of 9.95. The company has maintained dividend payments for 16 consecutive years, currently yielding 0.74%. InvestingPro subscribers have access to 12 additional exclusive insights and a comprehensive research report about Lithia Motors’ financial health and growth prospects.
In other recent news, Lithia Motors Inc. announced impressive financial results for the fourth quarter of 2024, surpassing analysts’ expectations. The company reported an adjusted diluted earnings per share (EPS) of $7.79, exceeding the projected $7.31. Revenue reached a record $9.2 billion, outperforming the anticipated $8.99 billion. Lithia Motors achieved a 20% year-over-year revenue increase, marking the first year-over-year operating profit increase in nine quarters. The company also reached its $200 million annual cost savings target, underscoring its operational efficiency. Analysts have noted the company’s robust market position, with Craig Hallum and Jefferies weighing in on the performance. Looking ahead, Lithia Motors is focusing on growth and market expansion, projecting front-end gross profit of $4,100 to $4,300 and plans to acquire $2-4 billion in annual revenues. These developments highlight Lithia Motors’ strategic execution and financial health.
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