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

374.21

Mkt cap

9.9B

Volume

206K

High

374.23

P/E Ratio

12.67

52-wk high

388.36

Low

364.42

Div yield

0.01

52-wk low

243.00

Lithia & Driveway has announced the acquisition of Wade Ford in Smyrna, Georgia, which is expected to expand its reach in the Southeast Region and add an estimated $285 million in annualized revenue. The acquisition was financed using existing on-balance sheet capacity.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:09 am

Lithia Motors has announced the acquisition of 13 locations from Priority Automotive Group in Virginia, expected to generate over $1.2 billion in annualized revenue.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 6:54 pm

Lithia Motors Inc (NYSE:LAD) has acquired 13 locations from Priority Automotive Group in Virginia, expanding its footprint in the Mid-Atlantic Region. The acquired stores are expected to generate annualized revenue of over $1.2 billion. Lithia Motors financed the acquisition using existing on-balance sheet capacity.

Portfolio Pulse from Lekha Gupta

June 13, 2023 | 1:22 pm

Lithia & Driveway has acquired 13 locations from the Priority Automotive Group in Virginia, bringing its total year-to-date expected annualized revenue acquired to over $3.2 billion. The acquisition was financed using existing on-balance sheet capacity and is projected to generate more than $1.2 billion in annualized revenue.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2023 | 11:11 am

Auto components and automobile stocks are trading lower following Advance Auto Parts' worse-than-expected Q1 financial results and reduced FY23 EPS and revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 4:32 pm

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