Lithia Motors Inc. (NYSE:LAD) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lithia Motors Inc. (NYSE:LAD) reported that Deboer Sidney B has picked up 1,262,231 of common stock as of 2017-02-23.

The acquisition brings the aggregate amount owned by Deboer Sidney B to a total of 1,262,231 representing a 5.0% stake in the company.

For those not familiar with the company, 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. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. Its Luxury segment consists of retail automotive franchises that sell new vehicles of BMW, Mercedes-Benz and Lexus. Its franchises in each segment 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.

A glance at Lithia Motors Inc. (NYSE:LAD)’s key stats reveals a current market capitalization of 2.39 billion based on 23.40 million shares outstanding and a price at last close of $97.32 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-04-26, Becker picked up 140 at a purchase price of $83.98. This brings their total holding to 65,000 as of the date of the filing.

On the sell side, the most recent transaction saw Cain unload 1,182 shares at a sale price of $101.82. This brings their total holding to 12,824.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Lithia Motors Inc. (NYSE:LAD) as things move forward to see if its progress aligns with these transactions.

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