Streetbeat News

LAD

Lithia Motors, Inc.

https://www.lithiainvestorrelations.com

Industry

Auto - Dealerships

Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names. As of February 18, 2022, the company operated through 278 stores. It also offers its products online through 300 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Lithia & Driveway (NYSE:LAD) has promoted Adam Chamberlain to COO, while Chris Holzshu will continue as an Executive Vice President. This leadership realignment aims to enhance operational efficiency and leverage the company's competitive advantages.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:11 am

Lithia Motors reported Q2 2024 adjusted EPS of $7.87, beating the estimate of $7.03. However, sales were $9.232 billion, missing the estimate of $9.332 billion.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:08 am

Lithia Motors (NYSE:LAD) received mixed ratings from 6 analysts, with a current average 12-month price target of $286.33, down 6.38% from the previous target. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance.

Portfolio Pulse from Benzinga Insights

July 22, 2024 | 9:01 pm

B of A Securities analyst John Murphy maintains a Buy rating on Lithia Motors (NYSE:LAD) and raises the price target from $320 to $330.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 5:15 pm

CDK Global announced that they are ahead of schedule in rebooting their Dealer Management System (DMS), with substantially all dealer connections now live. This progress is significant for the automotive retail industry.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 5:11 pm

CDK Global expects all car dealership systems to be fully restored by early July 4, following recent disruptions.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 3:02 pm

Wheels, a leading fleet management company in North America, has received a significant minority investment from Marubeni Corporation and Lithia & Driveway. This strategic investment aims to enhance Wheels' product offerings and innovation in the fleet management space. The transaction is expected to close in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 7:07 am

Lithia Motors received notice from CDK Global about a cybersecurity incident that led to the suspension of systems. This incident has negatively impacted Lithia Motors' business operations and is expected to continue doing so. No compromise or unauthorized access of systems or networks has been identified.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:18 pm

Shares of companies within the consumer discretionary sector are trading higher following a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 7:36 pm

Lithia Motors, Inc. (NYSE:LAD) is expanding its presence in the U.S. Southeast Region through acquisitions expected to generate over $240 million in annualized revenue. The company has purchased several stores, including Sunrise Chevrolet Buick GMC and Sunrise Buick GMC in Memphis, Tennessee, and Woodbridge Hyundai in Greater Toronto. These acquisitions bring the company's total expected annualized revenue from acquisitions to over $5.6 billion. Additionally, Lithia Motors has increased its share repurchase authorization by $350 million, bringing the total to $660 million. LAD shares are currently down 1.15%. Investors can also gain exposure to the stock via Invesco S&P Midcap 400 Pure Value ETF (NYSE:RFV) and Invesco S&P MidCap Value With Momentum ETF (NYSE:XMVM).

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 3:49 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.