Lithia Motors Inc (LAD): Sidney B Deboer , director of Lithia Motors Inc sold 229 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $85.00 per share for a total value of $19,465.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, Thomas R Becker (director) purchased 140 shares at $83.97 per share price.On Nov 25, 2015, Kenneth E Roberts (director) sold 1,500 shares at $123.75 per share price.Also, On Nov 4, 2015, William J Young (director) sold 323 shares at $116.31 per share price.On Apr 27, 2015, John F North (VP Finance / CAO) sold 8,577 shares at $104.01 per share price.
Lithia Motors Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Lithia Motors Inc which led to swings in the share price. The shares opened for trading at $81.09 and hit $83.42 on the upside , eventually ending the session at $83.32, with a gain of 2.38% or 1.94 points. The heightened volatility saw the trading volume jump to 3,64,264 shares. The 52-week high of the share price is $126.56 and the company has a market cap of $2,132 M . The 52-week low of the share price is at $72.3.
Company has been under the radar of several Street Analysts.Lithia Motors Inc is Initiated by Jefferies to Buy and the brokerage firm has set the Price Target at $105. The Rating was issued on Apr 11, 2016.
Lithia Motors Inc. is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic Import and Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler General Motors and Ford. Its Import segment includes retail automotive franchises that sell new vehicles of Honda Toyota Subaru Nissan and Volkswagen. The Luxury segment consists of retail automotive franchises that sell new vehicles of BMW Mercedes-Benz and Lexus. Its segment franchises sell used vehicles parts and automotive services and automotive finance and insurance products. Its operations involve the use handling storage and contracting for recycling and disposal of materials such as motor oil and filters transmission fluids antifreeze refrigerants paints thinners batteries cleaning products lubricants degreasing agents tires and fuel.