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

Earnings reports for various companies are scheduled for February 14, 2024. The report includes projections for earnings per share and revenue for a wide range of companies across different sectors, including technology, healthcare, industrial, consumer goods, and financial services. Some companies are expected to report losses, while others anticipate profits.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:48 am

Lithia Motors (NYSE:LAD) has seen a 3.19% increase in its short percent of float since the last report, with 2.81 million shares sold short, representing 11.63% of its available trading shares. This requires an average of 17.3 days for traders to cover their short positions. The increase in short interest can indicate a bearish market sentiment towards LAD, although it has less short interest compared to its peer group average of 12.60%. This information suggests a cautious outlook for LAD's stock in the short term.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 2:45 pm

Lithia & Driveway (LAD) has completed the acquisition of the UK motor and fleet management divisions of Pendragon PLC, which will be renamed Pinewood Technologies Group PLC. This move also establishes a strategic partnership with Pinewood Technologies.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 8:27 am

Lithia Motors (NYSE:LAD) has been analyzed by four financial analysts, with one being somewhat bullish and three indifferent. The average 12-month price target for LAD is $313.5, with a high of $400 and a low of $259. Analysts from Evercore ISI Group, JP Morgan, Goldman Sachs, and Wells Fargo have provided recent evaluations, with one maintaining an 'Outperform' rating and three giving 'Neutral' ratings. Lithia Motors has shown strong financial performance with a 13.45% revenue growth rate, a net margin of 3.16%, an ROE of 4.45%, an ROA of 1.45%, and a debt-to-equity ratio of 1.7. The company has expanded through acquisitions and is the largest U.S. auto dealer.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 4:00 pm

Evercore ISI Group analyst Douglas Dutton has initiated coverage on Lithia Motors (NYSE:LAD) with an Outperform rating and set a price target of $400 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 3:03 pm

Benzinga Insights has identified 5 value stocks in the consumer cyclical sector based on low P/E multiples, indicating undervaluation. The stocks include BRP (DOOO), General Motors (GM), Lithia Motors (LAD), Vince Holding (VNCE), and Crocs (CROX). BRP and Lithia Motors reported a decrease in EPS, while General Motors and Vince Holding saw an increase. Crocs also experienced a decrease in EPS. Dividend yields have increased for BRP, General Motors, and Lithia Motors.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 2:43 pm

Jim Cramer discussed various stocks on his show 'Mad Money', favoring Kellanova (K) over WK Kellogg Co (KLG) after their split. He prefers CarMax (KMX) and Lithia Motors (LAD) in the auto sector, and Wells Fargo (WFC) over Citigroup (C). He doesn't recommend tobacco stocks like Altria Group (MO) and is positive on General Electric (GE) for their aerospace work, preferring them over Boeing (BA). Cramer sees the opportunity in Palantir Technologies (PLTR) after a good quarter, is not optimistic about RayzeBio (RYZB), and likes Matador Resources (MTDR) but prefers Coterra Energy (CTRA).

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 1:51 pm

Consumer discretionary sector stocks are trading lower due to a sector-wide decline as yields rise.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 8:38 pm

Benzinga Insights has identified five value stocks in the consumer cyclical sector based on low P/E ratios, which suggest they may be undervalued. The stocks include Crocs (CROX), Victoria's Secret (VSCO), China Automotive Systems (CAAS), M.D.C. Holdings (MDC), and Lithia Motors (LAD). The article provides recent earnings per share (EPS) data and dividend yield changes for these companies, indicating their financial performance and potential investor returns.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 2:43 pm

Lithia Motors (NYSE:LAD) is distributing a $0.50 per share dividend with an annualized yield of 0.80%. Shareholders as of the ex-dividend date, November 09, 2023, are eligible. The company has shown a positive trend in dividend per share growth from $1.19 in 2019 to $1.61 in 2022, and earnings per share growth from $11.35 to $46.61 over the same period. This suggests financial health and potential for continued dividend increases. Monro (NASDAQ:MNRO) has a higher annualized dividend yield of 3.97% among industry peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 3:05 pm

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