As Lithia Mtrs INC (LAD) Shares Rose, Park West Asset Management LLC Has Trimmed Position

Lithia Motors, Inc. (NYSE:LAD) LogoInvestors sentiment increased to 1.49 in Q2 2019. Its up 0.03, from 1.46 in 2019Q1. It increased, as 14 investors sold LAD shares while 66 reduced holdings. 55 funds opened positions while 64 raised stakes. 24.05 million shares or 5.06% more from 22.89 million shares in 2019Q1 were reported. Engineers Gate Manager LP stated it has 28,215 shares or 0.18% of all its holdings. American Century Cos, a Missouri-based fund reported 9,725 shares. Strs Ohio holds 0.01% or 10,300 shares. Rhumbline Advisers reported 70,851 shares. Haverford Financial Svcs has invested 0.46% in Lithia Motors, Inc. (NYSE:LAD). Moreover, State Street has 0.01% invested in Lithia Motors, Inc. (NYSE:LAD). The New York-based Citigroup has invested 0% in Lithia Motors, Inc. (NYSE:LAD). Bbt Cap Ltd Liability has invested 0.36% in Lithia Motors, Inc. (NYSE:LAD). State Of New Jersey Common Pension Fund D has 0.01% invested in Lithia Motors, Inc. (NYSE:LAD). Mason Street Advisors Ltd Liability has invested 0.02% in Lithia Motors, Inc. (NYSE:LAD). Teton Advisors Inc holds 0.3% or 26,250 shares. Franklin accumulated 308,576 shares. 246 are owned by Advisory Svcs Ntwk Ltd Llc. Pacific Investment Mgmt Company invested in 0.07% or 2,580 shares. Moreover, Bessemer has 0% invested in Lithia Motors, Inc. (NYSE:LAD) for 5,700 shares.

Park West Asset Management Llc decreased its stake in Lithia Mtrs Inc (LAD) by 50.19% based on its latest 2019Q2 regulatory filing with the SEC. Park West Asset Management Llc sold 650,321 shares as the company’s stock rose 18.80% . The hedge fund held 645,421 shares of the consumer durables company at the end of 2019Q2, valued at $76.66M, down from 1.30M at the end of the previous reported quarter. Park West Asset Management Llc who had been investing in Lithia Mtrs Inc for a number of months, seems to be less bullish one the $2.91B market cap company. The stock decreased 3.49% or $4.63 during the last trading session, reaching $128.15. About 360,501 shares traded or 47.71% up from the average. Lithia Motors, Inc. (NYSE:LAD) has risen 51.13% since September 13, 2018 and is uptrending. It has outperformed by 51.13% the S&P500.

Park West Asset Management Llc, which manages about $1.77B and $2.40 billion US Long portfolio, upped its stake in Univar Inc by 1.73 million shares to 2.69M shares, valued at $59.27M in 2019Q2, according to the filing. It also increased its holding in Playags Inc by 610,528 shares in the quarter, for a total of 2.35 million shares, and has risen its stake in Waitr Hldgs Inc.

Analysts await Lithia Motors, Inc. (NYSE:LAD) to report earnings on October, 23. They expect $3.14 EPS, up 10.95 % or $0.31 from last year’s $2.83 per share. LAD’s profit will be $71.23M for 10.20 P/E if the $3.14 EPS becomes a reality. After $2.95 actual EPS reported by Lithia Motors, Inc. for the previous quarter, Wall Street now forecasts 6.44 % EPS growth.

More notable recent Lithia Motors, Inc. (NYSE:LAD) news were published by: Finance.Yahoo.com which released: “Do You Know What Lithia Motors, Inc.’s (NYSE:LAD) P/E Ratio Means? – Yahoo Finance” on September 06, 2019, also Finance.Yahoo.com with their article: “Were Hedge Funds Right About Flocking Into Lithia Motors Inc (LAD) ? – Yahoo Finance” published on May 01, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Bitauto Hldg Ltd (BITA) – Yahoo Finance” on May 01, 2019. More interesting news about Lithia Motors, Inc. (NYSE:LAD) were released by: Seekingalpha.com and their article: “Lithia Motors (LAD) Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on October 24, 2018 as well as Seekingalpha.com‘s news article titled: “Lithia Motors Q2 2019 Earnings Preview – Seeking Alpha” with publication date: July 23, 2019.

Lithia Motors, Inc. (NYSE:LAD) Institutional Positions Chart

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