Wednesday, September 27, 2017 10:15 PM ET
Insider Sales at Lithia Motors (LAD) Extends the Selling Trend of Last Quarter
There was a significant level of insider selling revealed today in filings with the SEC for Lithia Motors. Two insiders — Sidney B Deboer, Director, and Kenneth E Roberts, Director — sold 30,000 shares in the company for approximately $3,529,751. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 140,069 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 170,069 shares and have averaged 18,897 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Lithia Motors is above the 4-company peer group average. New Car Dealers peer group saw 11 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for Lithia Motors insiders was also higher. Within the peer group there were 0 shares purchased and 166,069 shares sold with company insiders having sold 15,097 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
Today’s Insider Activity
* Sidney B Deboer, Director, sold 5,000 shares
* Kenneth E Roberts, Director, sold 25,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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