Lithia Motors, Inc. (LAD)

NYSE: LAD · IEX Real-Time Price · USD
251.31
-0.87 (-0.34%)
Jul 2, 2024, 4:00 PM EDT - Market closed
-0.34%
Market Cap 6.89B
Revenue (ttm) 32.62B
Net Income (ttm) 934.80M
Shares Out 27.41M
EPS (ttm) 33.88
PE Ratio 7.42
Forward PE 8.58
Dividend $2.12 (0.84%)
Ex-Dividend Date May 9, 2024
Volume 166,517
Open 252.01
Previous Close 252.18
Day's Range 249.90 - 252.78
52-Week Range 231.36 - 331.96
Beta 1.62
Analysts Buy
Price Target 319.45 (+27.11%)
Earnings Date Jul 24, 2024

About LAD

Lithia Motors, Inc. operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles. The company sells its products and services through the Driveway and Greencars brand names through a network of locations, e-commerce platforms, and... [Read more]

IPO Date Dec 18, 1996
Employees 27,446
Stock Exchange NYSE
Ticker Symbol LAD
Full Company Profile

Financial Performance

In 2023, Lithia Motors's revenue was $31.04 billion, an increase of 10.13% compared to the previous year's $28.19 billion. Earnings were $1.00 billion, a decrease of -20.00%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for LAD stock is "Buy." The 12-month stock price forecast is $319.45, which is an increase of 27.11% from the latest price.

Price Target
$319.45
(27.11% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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 min...

5 days ago - PRNewsWire

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 Grou...

21 days ago - Business Wire

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 ...

21 days ago - PRNewsWire

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...

4 weeks ago - PRNewsWire

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...

2 months ago - PRNewsWire

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.

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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 histor...

4 months ago - PRNewsWire

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 Gr...

5 months ago - PRNewsWire

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).

5 months ago - PRNewsWire

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.

5 months ago - PRNewsWire

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.

8 months ago - PRNewsWire

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.

9 months ago - PRNewsWire

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 Pend...

9 months ago - PRNewsWire

Lithia & Driveway to Form Strategic Partnership with Pinewood Technologies and Acquire Pendragon PLC's Fleet Management and UK Motor Divisions

MEDFORD, Ore. , Sept. 18, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD, "Lithia") announced today that it intends to enter a strategic partnership with Pinewood Technologies and acquire the UK mo...

10 months ago - PRNewsWire

Legendary investor Seth Klarman just got back into Amazon and bought three other stocks.

Seth Klarman, the Baupost Group chief executive and value investing legend, just re-edited Benjamin Graham's and David Dodd's classic tome Security Analysis, originally published in 1934. In an interv...

Other symbols: AMZNDGDLTR
11 months ago - Market Watch

Lithia & Driveway (LAD) Reports 12% Revenue Increase and Diluted EPS of $10.78

Announces Dividend to $0.50 per Share for Second Quarter MEDFORD, Ore. , July 26, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest second quarter revenue in company histor...

1 year ago - PRNewsWire

Lithia & Driveway (LAD) Schedules Release of Second Quarter 2023 Results

MEDFORD, Ore. , July 5, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its second quarter 2023 earnings will be released before the market opens on Wednesday, July 26, 2023.

1 year ago - PRNewsWire

LITHIA & DRIVEWAY (LAD) EXPANDS U.S. FOOTPRINT IN ATLANTA MARKET

MEDFORD, Ore. , June 21, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced the purchase of Wade Ford in Smyrna, Georgia, expanding its reach in the Southeast Region and adding an estimated ...

1 year ago - PRNewsWire

Lithia & Driveway Welcomes Priority Automotive and Expands Revenue in the Mid-Atlantic Region by $1.2 Billion

MEDFORD, Ore. , June 13, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced the purchase of 13 locations from the Priority Automotive Group in Virginia, expanding its footprint in the strong...

1 year ago - PRNewsWire

Top 5 Trades of Glenn Greenberg's Firm in the 1st Quarter

Brave Warrior Advisors, the firm led by Glenn Greenberg (Trades, Portfolio), disclosed in a regulatory 13F filing that its top trades during the first quarter included boosts to its holdings of Elevan...

Other symbols: ELVFGFNFHCA
1 year ago - GuruFocus

Lithia Motors stock falls after earnings miss expectations, as profit per vehicle sold dropped 18%

Shares of Lithia Motors Inc. LAD, +0.26% slid 3.5% in premarket trading Wednesday, after the auto retailer reported first-quarter results that missed expectations as profit per vehicle sold fell, whil...

1 year ago - Market Watch

Lithia & Driveway (LAD) Increases Revenue 4% and Reports Diluted EPS of $8.30

Increases Dividend to $0.50 per Share for First Quarter MEDFORD, Ore. , April 19, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue in company history...

1 year ago - PRNewsWire

Lithia & Driveway (LAD) Schedules Release of First Quarter 2023 Results

MEDFORD, Ore. , April 3, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its first quarter 2023 earnings will be released before the market opens on Wednesday, April 19, 2023.

1 year ago - PRNewsWire

Lithia & Driveway (LAD) Expands into United Kingdom with Jardine Motors Group

MEDFORD, Ore. , March 16, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today the company's expansion into United Kingdom with Jardine Motors Group.

1 year ago - PRNewsWire