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. As of February 19, 2021, the company operated through 210 stores. It also offers its products online through 200 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.
IPO Year:
Exchange: NYSE
Website: lithiainvestorrelations.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $360.00 | Overweight | Stephens |
| 8/9/2024 | $338.00 | Neutral → Buy | Guggenheim |
| 6/10/2024 | $270.00 → $280.00 | Neutral → Overweight | JP Morgan |
| 5/17/2024 | Buy → Neutral | Guggenheim | |
| 1/17/2024 | $400.00 | Outperform | Evercore ISI |
| 10/31/2023 | $295.00 | Overweight → Neutral | JP Morgan |
| 1/13/2023 | $212.00 → $233.00 | Overweight → Equal Weight | Wells Fargo |
| 12/13/2022 | $245.00 | Neutral | Citigroup |
| 3/8/2022 | $303.00 → $300.00 | Underweight | Morgan Stanley |
| 1/18/2022 | $345.00 | Overweight | Wells Fargo |
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. Third quarter 2024 revenue increased 11% to $9.2 billion from $8.3 billion in the third quarter of 2023. Third quarter 2024 diluted earnings per share attributable to LAD was $7.80, an 18% decrease from $9.46 per share reported in the third quarter of 2023. Third quarter 2024 adj
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the largest
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. Combined, these newly acquired Acura, Honda, and Subaru stores are projected to generate over $200 million in annualized revenue. These high-performing Duval stores mark LAD's debut in these markets. These additions will strengthen LAD's import and luxury store footprint in Florida and extend the g
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. To achieve this, Adam Chamberlain has been promoted to Executive Vice President, Chief Operating Officer (COO) and Chris Holzshu will continue as an Executive Vice President, with both supporting LAD's commitment to delivering best-in-class results and executing its unique growth strategy. "Adam's extensiv
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. Second quarter 2024 revenue increased 14% to $9.2 billion from $8.1 billion in the second quarter of 2023. Second quarter 2024 net income attributable to LAD per diluted share was $7.87, a 27% decrease from $10.78 per diluted share reported in the second quarter of 2023. Adjusted
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the largest
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"). The strategic investment aligns Wheels with notable players in the mobility space as it continues to innovate, building upon its best-in-class product offerings to corporate clients. As the pioneer in fleet leasing and services, Wheels recognizes that the automotive industry is constantly evolving and welcomes the deep industry knowledge that Marubeni and Lithia collectively contribute to our business.
DES PLAINES, Ill. and TOKYO and MEDFORD, Ore. and NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- 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"). The strategic investment aligns Wheels with notable players in the mobility space as it continues to innovate, building upon its best-in-class product offerings to corporate clients. As the pioneer in fleet leasing and services, Wheels recognizes that the automotive industry is constantly evolving and welcomes the deep industry knowledge that Marubeni and Lithia collectively contribute to our business.
Sale of top volume Buick GMC and Chevrolet dealerships in Tennessee underscores the strong buyer demand in high-growth, business-friendly markets in the Southern region; transaction marks Kerrigan Advisors' 273rd dealership sale 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, an
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. Combined, these newly acquired stores are projected to generate over $240 million in annualized revenue. The dominant Sunrise stores in Tennessee mark LAD's debut in the Memphis market, further expanding its presence in the country's most profitable region.
Stephens initiated coverage of Lithia Motors with a rating of Overweight and set a new price target of $360.00
Guggenheim upgraded Lithia Motors from Neutral to Buy and set a new price target of $338.00
JP Morgan upgraded Lithia Motors from Neutral to Overweight and set a new price target of $280.00 from $270.00 previously
Guggenheim downgraded Lithia Motors from Buy to Neutral
Evercore ISI initiated coverage of Lithia Motors with a rating of Outperform and set a new price target of $400.00
JP Morgan downgraded Lithia Motors from Overweight to Neutral and set a new price target of $295.00
Wells Fargo downgraded Lithia Motors from Overweight to Equal Weight and set a new price target of $233.00 from $212.00 previously
Citigroup resumed coverage of Lithia Motors with a rating of Neutral and set a new price target of $245.00
Morgan Stanley reiterated coverage of Lithia Motors with a rating of Underweight and set a new price target of $300.00 from $303.00 previously
Wells Fargo initiated coverage of Lithia Motors with a rating of Overweight and set a new price target of $345.00
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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. Third quarter 2024 revenue increased 11% to $9.2 billion from $8.3 billion in the third quarter of 2023. Third quarter 2024 diluted earnings per share attributable to LAD was $7.80, an 18% decrease from $9.46 per share reported in the third quarter of 2023. Third quarter 2024 adj
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the largest
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. Second quarter 2024 revenue increased 14% to $9.2 billion from $8.1 billion in the second quarter of 2023. Second quarter 2024 net income attributable to LAD per diluted share was $7.87, a 27% decrease from $10.78 per diluted share reported in the second quarter of 2023. Adjusted
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the largest
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. First quarter 2024 revenue increased 23% to $8.6 billion from $7.0 billion in the first quarter of 2023. First quarter 2024 net income attributable to LAD per diluted share was $5.89, a 29% decrease from $8.30 per diluted share reported in the first quarter of 2023. Adjusted first quarter 2024 net income attributable to LAD per diluted share was $6.11, a 28% decrease compared to $
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the largest
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. Lithia & Driveway (LAD) Reports Record Fourth Quarter Revenue of $7.7 billion, 10% IncreaseFourth quarter 2023 revenue increased 10% to $7.7 billion from $6.9 billion in the fourth quarter of 2022. Fourth quarter 2023 net income attributable to LAD per diluted share was $7.74, a 14% decrease from $9.00 per diluted share reported in the fourth quarter of 2022. Adjusted fourth quar
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the larg
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. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is one of the large
Total cash consideration payable increased by 42%Expected dividend to Pendragon shareholders of 24.5 pence, a 49% increaseImplied total initial value to Pendragon shareholders of 35.4 pence per Pendragon sharePreliminary commitments to Lithia from multiple major UK automotive retailers to adopt the Pinewood DMSSignificant further upside from the strategic partnership including North American JVStrategic benefits for Lithia with delivery on longer-term growth objectivesPlanned investment will be financed using existing on-balance sheet capacityMEDFORD, Ore., Oct. 2, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD, ", Lithia", ))) announced today that it has signed a revised agreement on impr
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Lithia Motors's (NYSE:LAD) short percent of float has fallen 6.13% since its last report. The company recently reported that it has 2.54 million shares sold short, which is 10.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 9.91 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
In the latest quarter, 6 analysts provided ratings for Lithia Motors (NYSE:LAD), showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 3 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 0 3 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $286.33, a high estimate of $330.00, and a low estimate of $248.00. This current average has decreased by
B of A Securities analyst John Murphy maintains Lithia Motors (NYSE:LAD) with a Buy and raises the price target from $320 to $330.
CDK statement: 'We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System.'https://www.autonews.com/retail/cdk-outage-reboot-substantially-all-dealer-connections-are-live
- Bloomberg
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"). The strategic investment aligns Wheels with notable players in the mobility space as it continues to innovate, building upon its best-in-class product offerings to corporate clients. As the pioneer in fleet leasing and services, Wheels recognizes that the automotive industry is constantly evolving and welcomes the deep industry knowledge that Marubeni and Lithia collectively contribute to our business. Marubeni has a strong track record of investing in companies across the US automotive value chain,
- SEC Filing
Lithia Motors, Inc. (NYSE:LAD) shares are trading lower today. The company revealed its expansion in the U.S. Southeast Region through the purchase of stores that are expected to generate over $240 million in annualized revenue. In particular, the company purchased Sunrise Chevrolet Buick GMC in Collierville and Sunrise Buick GMC in Wolfchase, both in Memphis, Tennessee, and Woodbridge Hyundai in Greater Toronto. The prominent Sunrise stores in Tennessee represent Lithia Motors’ entrance into the Memphis market, enhancing its footprint in the nation’s most lucrative region. Additionally, the Woodbridge Hyundai site will utilize an existing owned facility, paving the way for solid re