What Next for Lithia Motors Inc Stock After Today’s Bullish Options Activity?

 What Next for Lithia Motors Inc Stock After Today's Bullish Options Activity?

In today’s session Lithia Motors Inc (LAD) registered an unusually high (263) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious LAD increase. With 263 contracts traded and 554 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LAD161021C00100000 closed last at: $1.25 or 13.8% down. About 94,404 shares traded hands. Lithia Motors Inc (NYSE:LAD) has risen 5.67% since March 15, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.

Analysts await Lithia Motors Inc (NYSE:LAD) to report earnings on October, 19. They expect $2.17 earnings per share, up 6.90% or $0.14 from last year’s $2.03 per share. LAD’s profit will be $54.52 million for 10.91 P/E if the $2.17 EPS becomes a reality. After $1.96 actual earnings per share reported by Lithia Motors Inc for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Lithia Motors Inc (NYSE:LAD) Ratings Coverage

Out of 6 analysts covering Lithia Motors (NYSE:LAD), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Lithia Motors has been the topic of 6 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Lithia Motors Inc (NYSE:LAD) earned “Buy” rating by Jefferies on Monday, April 11. The firm earned “Outperform” rating on Wednesday, August 31 by Wolfe Research.

According to Zacks Investment Research, “Lithia Motors Inc. is a leading operator and retailer in the highly fragmented automotive industry. Lithia sells new and used cars and light trucks, sells replacement parts, provides vehicle maintenance, warranty, paint and repair services, and arranges related financing and insurance for its automotive customers. The company also exchanges vehicles with other dealers from time to time to accommodate customer demand and to balance inventory.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.11, from 1.08 in 2016Q1. The ratio is negative, as 49 funds sold all Lithia Motors Inc shares owned while 69 reduced positions. 32 funds bought stakes while 83 increased positions. They now own 23.01 million shares or 2.21% less from 23.54 million shares in 2016Q1.
Wells Fargo Mn has invested 0.02% of its portfolio in Lithia Motors Inc (NYSE:LAD). Franklin Resource Inc reported 412,207 shares or 0.02% of all its holdings. Stevens Capital Limited Partnership holds 0.02% of its portfolio in Lithia Motors Inc (NYSE:LAD) for 8,577 shares. Bbva Compass Bankshares last reported 0.03% of its portfolio in the stock. State Of Tennessee Treasury Department owns 18,988 shares or 0.01% of their US portfolio. Contravisory holds 0.02% of its portfolio in Lithia Motors Inc (NYSE:LAD) for 700 shares. Da Davidson last reported 0% of its portfolio in the stock. Shell Asset Management has 0.02% invested in the company for 9,714 shares. Huntington Commercial Bank, a Ohio-based fund reported 1,671 shares. Secor Capital L P has invested 0.13% of its portfolio in Lithia Motors Inc (NYSE:LAD). The California-based Clarivest Asset Mngmt Ltd Liability Co has invested 0% in Lithia Motors Inc (NYSE:LAD). Victory Cap Mgmt accumulated 0% or 1,548 shares. Coe Cap Mgmt Ltd Liability Corporation last reported 60,421 shares in the company. Blackrock Japan holds 0% of its portfolio in Lithia Motors Inc (NYSE:LAD) for 43 shares. Bb&T Secs Ltd Llc has invested 0.01% of its portfolio in Lithia Motors Inc (NYSE:LAD).

Insider Transactions: Since April 26, 2016, the stock had 1 insider purchase, and 3 selling transactions for $5.00 million net activity. 140 shares were bought by BECKER THOMAS R, worth $11,757 on Tuesday, April 26. DEBOER SIDNEY B sold $1.71 million worth of stock or 17,600 shares.

Lithia Motors, Inc. is an operator of automotive franchises and a retailer of new and used vehicles and services. The company has a market cap of $2.38 billion. The Firm operates in three divisions: Domestic, Import and Luxury. It has a 13.52 P/E ratio. The Company’s Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.

LAD Company Profile

Lithia Motors, Inc. incorporated on December 23, 1968, is an operator of automotive franchises and a retailer of new and used vehicles and services. The Firm operates in three divisions namely Domestic, Import and Luxury. The Company’s Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. The Company’s Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. The Company’s Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. The Company’s segment franchises sell used vehicles, parts and automotive services, and automotive finance and insurance products. The Firm sells new and used cars and replacement parts; provides vehicle maintenance, warranty, paint and repair services; arranges related financing, and sell service contracts, vehicle protection products and credit insurance. The Firm offers approximately 30 brands of vehicles and all brands of used vehicles in approximately 130 stores in the United States and online at Lithia.com and DCHauto.com. The Company’s dealerships are located in the United States. The Company’s activities involve the use, handling, storage and contracting for recycling and/or disposal of materials, such as motor oil and filters, transmission fluids, antifreeze, refrigerants, paints, thinners, batteries, cleaning products, lubricants, degreasing agents, tires and fuel.

More recent Lithia Motors Inc (NYSE:LAD) news were published by: Fool.com which released: “Was Lithia Motors Inc.’s First-Quarter Really That Bad?” on April 26, 2016. Also Zacks.com published the news titled: “Lithia Motors (LAD) Acquires Audi Auto Gallery in California” on October 11, 2016. Bizjournals.com‘s news article titled: “Oregon’s Lithia Motors likely acquiring Acura of Honolulu” with publication date: August 11, 2015 was also an interesting one.

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