Lithia Motors (LAD) News
Market Cap: $7.77B
Avg Volume: 368.54K
Industry: Auto - Dealerships
Sector: Consumer Cyclical
Lithia Expands Presence in Southwest Region, Boosts Share Repurchase
LAD acquires Elk Grove Subaru in California to expand its presence in the Southwest region and boosts its share repurchase authorization by $350 million.
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Lithia & Driveway (LAD) Expands Retail Network in Southwest Region and Announces Share Repurchase Authorization Increase
MEDFORD, Ore. , March 4, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced the acquisition today of Elk Grove Subaru in Elk Grove, California, adding an additional store to its network in the Sacramento area, and continuing to strengthen its density in the Southwest region.
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Lithia Q4 Earnings Surpass Expectations, Revenues Increase Y/Y
LAD's fourth-quarter 2024 earnings and sales surpass the Zacks Consensus Estimate and revenues rise year-over-year.
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Lithia Motors, Inc. (LAD) Q4 2024 Earnings Call Transcript
Lithia Motors, Inc. (NYSE:LAD ) Q4 2024 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Jardon Jaramillo - Senior Director, IR Bryan DeBoer - CEO, President & Director Adam Chamberlain - EVP & COO Tina Miller - SVP & CFO Conference Call Participants Ryan Sigdahl - Craig-Hallum Bret Jordan - Jefferies Rajat Gupta - JPMorgan Chris Bottiglieri - BNP Paribas Jeff Lick - Stephens John Murphy - Bank of America Merrill Lynch Colin Langan - Wells Fargo Ron Josey - Citi David Whiston - Morningstar Operator Greetings, and welcome to the Lithia Motors Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions].
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Lithia Motors (LAD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Lithia Motors (LAD) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Lithia Motors (LAD) Tops Q4 Earnings and Revenue Estimates
Lithia Motors (LAD) came out with quarterly earnings of $7.79 per share, beating the Zacks Consensus Estimate of $7.01 per share. This compares to earnings of $8.24 per share a year ago.
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Lithia & Driveway (LAD) Reports Record Fourth Quarter Revenue of $9.2 billion, a 20% Increase, and the First Profitable Year for Finance Operations
Announces Dividend of $0.53 per Share for Fourth Quarter MEDFORD, Ore. , Feb. 12, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest fourth quarter revenue in company history and the first profitable year for Financing Operations, which includes Driveway Finance Corporation.
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Insights Into Lithia Motors (LAD) Q4: Wall Street Projections for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Lithia Motors (LAD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
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Lithia Motors (LAD) Expected to Beat Earnings Estimates: Should You Buy?
Lithia Motors (LAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Lithia & Driveway (LAD) Expands Footprint in the Mid-Atlantic Region
MEDFORD, Ore. , Jan. 28, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today the acquisition of Stohlman Subaru in Sterling, Virginia growing its presence in the strong performing Mid-Atlantic Region.
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Why Lithia Motors (LAD) is Poised to Beat Earnings Estimates Again
Lithia Motors (LAD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Lithia & Driveway (LAD) Schedules Release of Fourth Quarter 2024 Results
MEDFORD, Ore. , Jan. 16, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its fourth quarter 2024 earnings will be released before the market opens on Wednesday, February 12, 2025.
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Zacks Industry Outlook Lithia Motors, Group 1 Automotive and Asbury Automotive Group
Lithia Motors, Group 1 Automotive and Asbury Automotive Group have been highlighted in this Industry Outlook article.
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3 Auto Retail Stocks to Consider Despite Challenging Industry Outlook
Despite grim industry prospects, auto retail and wholesale stocks like LAD, GPI & ABG are set to benefit from digital efforts and strategic acquisitions.
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Are Investors Undervaluing Lithia Motors (LAD) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Lithia Motors: A Solid Prospect Even In Spite Of Certain Weaknesses
Lithia Motors has seen a 37.2% stock increase since May 2024, outperforming the S&P 500's 13.4% gain. Despite recent appreciation, Lithia Motors remains attractively priced, though not as cheap as before; downgraded from 'strong buy' to 'buy'. Revenue growth driven by acquisitions, with new vehicle sales up 14% and used vehicle sales up 8.5%, despite some price declines.
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Performance Brokerage Services Represents Lithia & Driveway (LAD) on the Sale of North Branch Chevrolet in Minnesota
Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of North Branch Chevrolet in Minnesota from Lithia & Driveway (LAD) to Tyler Kadlec of Tom Kadlec Automotive. IRVINE, Calif.
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Performance Brokerage Services Represents Lithia & Driveway (LAD) on the Sale of Carson Nissan in California
Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Carson Nissan in California from Lithia & Driveway (LAD) to David Massoudi of Mass Auto Group. IRVINE, Calif.
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Why Is Lithia Motors (LAD) Up 14.1% Since Last Earnings Report?
Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?
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Zacks Industry Outlook Lithia Motors and Rush Enterprises
Lithia Motors and Rush Enterprises have been highlighted in this Industry Outlook article.
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2 Resilient Auto Retailers Rewarding Investors Amid Industry Hurdles
Although the Zacks Auto Retail and Wholesale industry is unfavorably ranked currently, stocks like LAD and RUSHA are worth a watch.
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Lithia Q3 Earnings Beat Expectations, Revenues Rise Y/Y
LAD's third-quarter earnings beat the Zacks Consensus Estimate while revenues miss the same.
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Lithia Motors, Inc. (LAD) Q3 2024 Earnings Call Transcript
Lithia Motors, Inc. (NYSE:LAD ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Jardon Jaramillo - Senior Director, Investor Relations Bryan DeBoer - President and Chief Executive Officer Tina Miller - Senior Vice President and Chief Financial Officer Adam Chamberlain - Chief Operating Officer Chuck Lietz - Senior Vice President, Driveway Finance Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group John Murphy - Bank of America Rajat Gupta - JPMorgan Chris Bottiglieri - BNP Jeff Lick - Stephens Douglas Dutton - Evercore Michael Ward - Freedom Capital Brett Jordan - Jefferies Colin Langan - Wells Fargo Operator Greetings, and welcome to Lithia Motors Third Quarter 2024 Earnings Conference Call. At this time, all participants are on a listen-only-mode.
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Compared to Estimates, Lithia Motors (LAD) Q3 Earnings: A Look at Key Metrics
The headline numbers for Lithia Motors (LAD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
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Lithia Motors (LAD) Tops Q3 Earnings Estimates
Lithia Motors (LAD) came out with quarterly earnings of $8.21 per share, beating the Zacks Consensus Estimate of $7.59 per share. This compares to earnings of $9.25 per share a year ago.
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Lithia & Driveway (LAD) Reports Record Third Quarter Revenue of $9.2 billion, an 11% Increase
Announces Dividend of $0.53 per Share for Third Quarter MEDFORD, Ore. , Oct. 23, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest third quarter revenue in company history and the second profitable quarter for Financing Operations, which includes Driveway Finance Corporation.
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Curious about Lithia Motors (LAD) Q3 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Lithia Motors (LAD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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Lithia Motors (LAD) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Lithia Motors (LAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Lithia & Driveway (LAD) Schedules Release of Third Quarter 2024 Results
MEDFORD, Ore. , Oct. 1, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its third quarter 2024 earnings will be released before the market opens on Wednesday, October 23, 2024.
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Lithia Motors: Dividend Appears Borderline Safe With Moderate Risk
Lithia & Driveway, an American automotive dealership group, is now an $8 billion (by market cap) car dealership retailer. The company has increased its dividend for 15 consecutive years, with a 10-year dividend growth rate of 14.6%. LAD advanced its revenue from $5.4 billion in FY 2014 to $31 billion in FY 2023, a compound annual growth rate of 21.4%.
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Strength Seen in Lithia Motors (LAD): Can Its 6.7% Jump Turn into More Strength?
Lithia Motors (LAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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LITHIA & DRIVEWAY EXPANDS RETAIL NETWORK IN FLORIDA MARKET
MEDFORD, Ore. , Sept. 10, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today it has continued to expand its footprint in the highly profitable U.S. Southeast Region with the purchase of three stores from the Duval Motor Company in Jacksonville and Gainesville, Florida.
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Lithia Motors To Rally Around 14%? Here Are 10 Top Analyst Forecasts For Tuesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
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Lithia Motors: Short Term Troubles But Long Term Still Looks Promising
Lithia Motors reported better than expected quarterly results with revenue growth of 13.8% and non-GAAP EPS of $7.87. Weaknesses in same store data showed declines in new and used vehicle revenues, finance, insurance, and aftersales, impacting margins. Despite short-term challenges, LAD stock offers a long-term investment opportunity with historically strong growth and a growth-oriented management mindset.
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Lithia (LAD) Q2 Earnings Exceed Expectations but Fall Y/Y
Lithia (LAD) tops second-quarter earnings and sales estimates. While the top line rises 14% year over year, EPS declines 27.8% from the corresponding quarter of 2023.
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Compared to Estimates, Lithia Motors (LAD) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Lithia Motors (LAD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Lithia Motors (LAD) Surpasses Q2 Earnings and Revenue Estimates
Lithia Motors (LAD) came out with quarterly earnings of $7.87 per share, beating the Zacks Consensus Estimate of $7.09 per share. This compares to earnings of $10.91 per share a year ago.
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Lithia & Driveway Elevates Adam Chamberlain to Chief Operating Officer
MEDFORD, Ore. , Aug. 1, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD), a leader in automotive retail, has realigned organizational leadership to more efficiently realize operational potential and leverage the competitive advantages of its now completed customer ecosystem.
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Lithia & Driveway (LAD) Reports Record Second Quarter Revenue of $9.2 billion, a 14% Increase, and the First Profitable Quarter for Financing Operations
Announces Dividend of $0.53 per Share for Second Quarter MEDFORD, Ore. , Aug. 1, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest second quarter revenue in company history and the first profitable quarter for Financing Operations, which includes Driveway Finance Corporation.
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Analysts Estimate Lithia Motors (LAD) to Report a Decline in Earnings: What to Look Out for
Lithia Motors (LAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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3 Russell 2000 Stocks to Buy Now: Q3 Edition
On July 16, CNBC reported, “Small-cap stocks are on a tear right now.” The financial news channel's website noted that, during the preceding week, the category became the market leader, at least temporarily.
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Lithia & Driveway (LAD) Schedules Release of Second Quarter 2024 Results
MEDFORD, Ore. , July 16, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its second quarter 2024 earnings will be released before the market opens on Thursday, August 1, 2024.
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Is The Options Market Predicting A Spike In Lithia Motors (LAD) Stock?
Investors need to pay close attention to Lithia Motors (LAD) stock based on the movements in the options market lately.
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3 Dividend Compounding Machines Poised for 30%+ Total Returns by 2026
Investors always praise compounder-type stocks, which are known for their proven ability to exponentially grow wealth over time. These companies usually achieve a high return on capital invested (ROCE) and return on equity (ROE).
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Lithia (LAD) and Marubeni Make Minority Investment in Wheels
Lithia (LAD) and Marubeni make a notable minority investment in Wheels to help it innovate its top-tier product offerings for corporate clients.
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CDK Global says some U.S. car dealerships are back up after last week's cyberattack
Software company CDK Global said it has managed to bring a batch of U.S. car dealerships back on to its system after a cyberattack severely disrupted their operations last week, raising hopes the issue can soon be resolved.
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Marubeni Corporation and Lithia & Driveway Make a Strategic Investment in Wheels, Partnering with Apollo Funds
DES PLAINES, Illinois and TOKYO and MEDFORD, Ore. and NEW YORK , June 27, 2024 /PRNewswire/ -- Wheels, a leading fleet management company in North America, announced that it received a significant minority investment from Marubeni Corporation ("Marubeni") and Lithia & Driveway ("Lithia").
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Lithia (LAD) Expands Footprint in the US Southeast Region
Lithia (LAD) expands its presence in the U.S. Southeast Region by acquiring two dealerships in Memphis, TN, and one in the greater Toronto area.
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Kerrigan Advisors Represents Sunrise Auto Group in Sale of Two Memphis Dealerships to Lithia Motors
MEMPHIS, Tenn.--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Memphis, Tennessee-based Sunrise Auto Group in the sale of Sunrise Wolfchase Buick GMC, the #1 Buick GMC dealership in Memphis, and Sunrise Buick GMC Collierville to Medford, Oregon-based Lithia Motors (NYSE:LAD). With the completion of this transaction, Kerrigan Advisors has represented on the sale of more than 80 franchises in the Southeast since 2020,.
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LITHIA & DRIVEWAY EXPANDS RETAIL NETWORK IN US SOUTHEAST REGION
MEDFORD, Ore. , June 11, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today it has expanded its footprint in the U.S. Southeast Region with the purchase of Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, Tennessee, and Woodbridge Hyundai in the greater Toronto area.
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Lithia (LAD) Short-Term View Bearish Despite Buyouts & Buybacks
Lithia's (LAD) near-term prospects look muted amid low organic sales growth, declining GPUs from new and used vehicle sales, rising expenses and high leverage.
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Lithia & Driveway Increases Share Repurchase Authorization
MEDFORD, Ore. , June 4, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today a $350 million increase to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $660 million.
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Why Is Lithia Motors (LAD) Down 1.4% Since Last Earnings Report?
Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?
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11 Upcoming Dividend Increases Including 2 Kings
Parker-Hannifin and W.W. Grainger extend their impressive dividend streaks with double-digit increases. The article provides a list of top-performing stocks with a consistent dividend growth history for investors to consider.
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Lithia (LAD) Q1 Earnings Miss Expectations, Dividend Hiked
Lithia (LAD) reports mixed first-quarter results and hikes the dividend to 53 cents per share from 50 cents.
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Trade of the Day: Bet Against Lithia Motors (LAD) Stock Before It's Too Late
Following a tough outing for its first-quarter earnings, new and used car dealership Lithia Motors (NYSE: LAD ) saw its shares stumble more than 6% on Wednesday. However, ongoing economic challenges suggest that LAD stock could suffer from even more downside price action.
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Lithia Motors: Despite Short-Term Troubles, Long-Term Story Remains Intact
Lithia Motors disappointed investors with lower-than-expected net income and a slight beat in revenues for the last quarter. Net income declined by 29% despite a 23% increase in revenues, indicating rising costs for the company. Same-store sales for new cars were up 2% while used car sales were down 5%, possibly due to a small price difference between new and used cars.
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Lithia Motors, Inc. (LAD) Q1 2024 Earnings Call Transcript
Lithia Motors, Inc. (NYSE:LAD ) Q1 2024 Earnings Call Transcript April 24, 2024 10:00 AM ET Company Participants Amit Marwaha - Director of IR Bryan DeBoer - President and CEO Chris Holzshu - EVP and COO Tina Miller - SVP and CFO Chuck Lietz - SVP of Driveway Finance Adam Chamberlain - Chief Customer Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies John Murphy - Bank of America Rajat Gupta - JPMorgan Douglas Dutton - Evercore ISI Chris Bottiglieri - BNP Paribas Ron Josey - Citi Colin Langan - Wells Fargo David Whiston - Morningstar Operator Greetings, and welcome to Lithia Motors First Quarter 2024 Earnings Conference Call. At this time, all participants are on a listen-only mode.
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Compared to Estimates, Lithia Motors (LAD) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for Lithia Motors (LAD) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Lithia Motors (LAD) Lags Q1 Earnings Estimates
Lithia Motors (LAD) came out with quarterly earnings of $6.11 per share, missing the Zacks Consensus Estimate of $7.85 per share. This compares to earnings of $8.44 per share a year ago.
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Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase
Announces Dividend of $0.53 per Share for First Quarter MEDFORD, Ore. , April 24, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue in company history.
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Can These 4 Auto Retailers Beat Q1 Earnings Expectations?
Our proven model doesn't conclusively predict an earnings beat for GPI, LAD, AN and PAG in Q1, as they don't have the right combination of a favorable Zacks Rank and a positive Earnings ESP.
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Earnings Preview: Lithia Motors (LAD) Q1 Earnings Expected to Decline
Lithia Motors (LAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Lithia & Driveway (LAD) Schedules Release of First Quarter 2024 Results
MEDFORD, Ore. , April 9, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its first quarter 2024 earnings will be released before the market opens on Wednesday, April 24, 2024.
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22 Q1 Attractive All-Star Dogs From AAII And Barron's
March 2024 AAII Journal, screens, and a Barron's reporters combined to list two sets of stocks herewith called: “AAII/Barron's All-Stars Q1/24”. The AII article was titled 'Stock Screen All-Stars', and the Barron's piece was ‘5 Small Cap Stocks Poised to Rebound'. Here are 22 stocks of which fourteen pay dividends and one of those was ideal, showing dividends from 1K invested greater than its stock price as of 3/28/24.
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Why Is Lithia Motors (LAD) Down 7.2% Since Last Earnings Report?
Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?
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Here's Why You Should Retain Lithia (LAD) Stock Right Now
Lithia (LAD) is poised to gain from a diversified product mix and strategic acquisitions. However, rising debt levels & expenses remain concerning.
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3 Auto Retailers to Watch Despite Dim Industry Prospects
Auto retailers like PAG, LAD and GPI are poised to navigate industry headwinds thanks to their strategic expansion initiatives and shareholder-friendly moves.
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Lithia (LAD) Acquires Carousel Motor to Expand Footprint
Lithia (LAD) buys Carousel Motor to expand its footprint in Minneapolis-Saint Paul, MN.
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Lithia & Driveway Expands in North Central Region with the Purchase of Carousel Motor Group
MEDFORD, Ore. , Feb. 27, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today they have purchased Carousel Motor Group, growing their footprint in one of the largest markets in the North Central Region, Minneapolis-St. Paul.
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7 Stocks That Google's Updated AI Wants You to Buy
Alphabet's (NASDAQ: GOOG , NASDAQ: GOOGL ) Google has been on an AI roll lately. It released its conversational AI model Gemini back in early December of last year.
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Lithia (LAD) Q4 Earnings Surpass Estimates, Decrease Y/Y
Lithia (LAD) reports better-than-expected fourth-quarter results and approves a dividend of 50 cents per share, to be paid on Mar 22, 2024, to shareholders of record as of Mar 9, 2024.
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Here's What Key Metrics Tell Us About Lithia Motors (LAD) Q4 Earnings
Although the revenue and EPS for Lithia Motors (LAD) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
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Lithia Motors (LAD) Surpasses Q4 Earnings Estimates
Lithia Motors (LAD) came out with quarterly earnings of $8.24 per share, beating the Zacks Consensus Estimate of $8.11 per share. This compares to earnings of $9.05 per share a year ago.
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Lithia & Driveway (LAD) Reports Record Fourth Quarter Revenue of $7.7 billion, 10% Increase
Announces Dividend of $0.50 per Share for Fourth Quarter MEDFORD, Ore. , Feb. 14, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest fourth quarter revenue in company history.
prnewswire.com
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Stay Ahead of the Game With Lithia Motors (LAD) Q4 Earnings: Wall Street's Insights on Key Metrics
Evaluate the expected performance of Lithia Motors (LAD) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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Lithia Motors: Strong Growth At A Cheap Price
Lithia Motors is an integrated car retail company with multiple services and locations across the US, Canada, and the UK. This is a highly integrated business that sells many car-related products and services ranging from car parts to car insurance in addition to selling cars. The company has experienced market share growth in both new and used car markets through acquisitions, organic growth, and upselling to existing customers.
seekingalpha.com
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Lithia & Driveway Enters into a Strategic Partnership with Pinewood Technologies and Completes Acquisition for Pendragon PLCs Fleet Management and UK Motor Divisions
MEDFORD, Ore. , Feb. 1, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announces today that it has completed the transaction with Pendragon PLC ("Pendragon", to be renamed Pinewood Technologies Group PLC "Pinewood Technologies") acquiring the UK motor and fleet management divisions of Pendragon, the UK's third largest automotive dealership group and forming a strategic partnership with Pinewood Technologies.
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LITHIA & DRIVEWAY NAMES ADAM CHAMBERLAIN CHIEF CUSTOMER OFFICER
MEDFORD, Ore. , Jan. 23, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD), one of the largest global automotive retailers, has promoted Adam Chamberlain to Chief Customer Officer (CCO).
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Lithia & Driveway (LAD) Schedules Release of Fourth Quarter 2023 Results
MEDFORD, Ore. , Jan. 17, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its fourth quarter 2023 earnings will be released before the market opens on Wednesday, February 14, 2024.
prnewswire.com
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16 Companies With IPOs in 1996: Best and Worst Performers
The year 1996 was a record one for initial public offerings (IPOs).
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3 Auto Retailers to Watch Despite Subdued Industry Prospects
While the Zacks Auto Retail & Whole Sales industry's rank paints a lackluster picture, companies like LAD, GPI and AN seem better positioned to navigate the challenges presented by the current market conditions.
zacks.com
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Why Is Lithia Motors (LAD) Up 10.2% Since Last Earnings Report?
Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?
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Buy Asbury And Lithia To Profit From A Return To Normal In The Car Market
Car dealerships, including Lithia Motors and Asbury Automotive, have fallen out of favor with investors due to pandemic-related issues in the automotive industry. Asbury Automotive is more profitable than Lithia Motors, while Lithia has been growing at a faster rate. Both companies are trading at significant discounts to historical valuations, presenting a buying opportunity for investors.
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Lithia Motors, Inc.: Robust Revenue Growth, Digital Dominance, And Strategic Vision For LT Growth
Lithia Motors showcased strong financial performance in Q3 2023, with increased revenues and impressive adjusted diluted EPS. The company's sales trends in the new vehicle and after-sales sectors are encouraging, despite challenges in gross profit per unit for new vehicles. LAD's focus on digital engagement and e-commerce, along with its strategic financial direction, sets it apart from its peers and indicates promising future growth.
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Lithia (LAD) Q3 Earnings Miss Estimates, Revenues Beat
Lithia's (LAD) third-quarter earnings miss estimates. Revenues increase by 13.5% year over year.
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Lithia Motors, Inc. (LAD) Q3 2023 Earnings Call Transcript
Lithia Motors, Inc. (NYSE:LAD ) Q3 2023 Results Conference Call October 25, 2023 10:00 AM ET Company Participants Amit Marwaha - Director of Investor Relations Bryan DeBoer - President and CEO Chris Holzshu - Executive Vice President and COO Tina Miller - Senior Vice President and CFO Chuck Lietz - Senior Vice President of Driveway Finance Conference Call Participants Daniel Imbro - Stephens John Murphy - Bank of America Rajat Gupta - JPMorgan Ryan Sigdahl - Craig-Hallum Ron Josey - Citi Colin Langan - Wells Fargo David Whiston - Morningstar Operator Good morning. And welcome to the Lithia & Driveway Third Quarter 2023 Conference Call [Operator Instructions].
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Lithia Motors (LAD) Q3 Earnings Lag Estimates
Lithia Motors (LAD) came out with quarterly earnings of $9.25 per share, missing the Zacks Consensus Estimate of $9.97 per share. This compares to earnings of $11.08 per share a year ago.
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Lithia & Driveway (LAD) Reports Record Third Quarter Revenue of $8.3 Billion, 13% Increase
Announces Dividend of $0.50 per Share for Third Quarter MEDFORD, Ore. , Oct. 25, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest third quarter revenue in company history.
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Lithia Motors (LAD) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
Lithia Motors (LAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Lithia Motors (LAD) Loses -10.88% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Lithia Motors (LAD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
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Lithia (LAD) Sweetens Bid in Heated Pendragon Buyout Battle
Lithia (LAD) elevates its offer for Pendragon by 42%, igniting a fierce bidding war with AutoNation and the Penske and Hedin alliance. All these companies are vying to carve out a robust footprint in UK's auto retail landscape.
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5 Giant Wholesale Retailers to Buy for Q4 2023
We have narrowed our search to five retail giants that have strong growth potential for the rest of 2023. These are: AMZN, WMT, ROST, BABA.
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Lithia & Driveway (LAD) Schedules Release of Third Quarter 2023 Results
MEDFORD, Ore. , Oct. 3, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its third quarter 2023 earnings will be released before the market opens on Wednesday, October 25, 2023.
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Lithia & Driveway Improves Terms to 35.4p Per Pendragon Share with Significant Future Upside
Total cash consideration payable increased by 42% Expected dividend to Pendragon shareholders of 24.5 pence, a 49% increase Implied total initial value to Pendragon shareholders of 35.4 pence per Pendragon share Preliminary commitments to Lithia from multiple major UK automotive retailers to adopt the Pinewood DMS Significant further upside from the strategic partnership including North American JV Strategic benefits for Lithia with delivery on longer-term growth objectives Planned investment will be financed using existing on-balance sheet capacity MEDFORD, Ore. , Oct. 2, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD, "Lithia") announced today that it has signed a revised agreement on improved terms with the Board of Directors of Pendragon plc ("Pendragon") to enter into a strategic partnership with Pinewood Technologies ("Pinewood Tech") and to acquire Pendragon's UK motor division and vehicle management division.
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Pendragon sweetens terms of deal with Lithia Motors
The battle for control of Pendragon PLC has taken another twist after it sweetened the terms of its deal with Lithia Motors. Lithia has agreed to pay £367 million for Pendragon's UK motor business and leasing business, a 42% increase from the original £250 million plan.
proactiveinvestors.com
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Lithia Motors (LAD) Moves to Strong Buy: Rationale Behind the Upgrade
Lithia Motors (LAD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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