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 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

Lithia & Driveway (LAD) has expanded its presence in the U.S. Southeast region by acquiring Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 11:06 am

Analysts have provided mixed ratings for Lithia Motors (NYSE:LAD) over the past three months, with a recent average price target of $295.71, down from $316.43. Key analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

June 10, 2024 | 2:00 pm

JP Morgan analyst Rajat Gupta has upgraded Lithia Motors (NYSE:LAD) from Neutral to Overweight and raised the price target from $270 to $280.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 1:23 pm

Lithia & Driveway (LAD) has announced a $350 million increase to its share repurchase authorization, bringing the total funds available for future repurchases to $660 million.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:05 am

Guggenheim analyst Ali Faghri has downgraded Lithia Motors (NYSE:LAD) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 11:18 am

In the past three months, 11 analysts have updated their ratings on Lithia Motors (NYSE:LAD), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $311.27, down 2.82% from $320.30. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Lithia Motors, a leading auto dealer, reported a 22.77% revenue growth rate as of March 31, 2024, with a net margin of 1.9% and an ROE of 2.59%, indicating strong financial performance.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:00 pm

JP Morgan analyst Rajat Gupta maintains a Neutral rating on Lithia Motors (LAD) and lowers the price target from $285 to $270.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 4:36 pm

Citigroup analyst Ronald Josey has maintained a Neutral rating on Lithia Motors (LAD) but lowered the price target from $320 to $280.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:50 pm

Craig-Hallum analyst Ryan Sigdahl maintains a Buy rating on Lithia Motors (LAD) but lowers the price target from $350 to $310.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:55 pm

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