Lithia Motors, Inc. (LAD)

NYSE: LAD · IEX Real-Time Price · USD
290.63
-2.72 (-0.93%)
Feb 28, 2024, 3:11 PM EST - Market open
-0.93%
Market Cap 7.91B
Revenue (ttm) 31.04B
Net Income (ttm) 1.00B
Shares Out 27.53M
EPS (ttm) 36.29
PE Ratio 8.02
Forward PE 7.86
Dividend $2.00 (0.69%)
Ex-Dividend Date Mar 7, 2024
Volume 68,252
Open 290.25
Previous Close 293.35
Day's Range 289.09 - 293.40
52-Week Range 203.65 - 331.96
Beta 1.60
Analysts Buy
Price Target 330.60 (+13.75%)
Earnings Date Apr 17, 2024

About LAD

Lithia Motors, Inc. operates as an automotive retailer. The company operates through Domestic, Import, and Luxury segments. 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 body and parts for the new vehicles under the Driveway and GreenCars brand names. The company provides its services through a network of locations, e-commerce platforms, and captive finance division in 28 states of the Unite... [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 10 analysts, the average rating for LAD stock is "Buy." The 12-month stock price forecast is $330.6, which is an increase of 13.75% from the latest price.

Price Target
$330.6
(13.75% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

1 day 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...

14 days 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...

27 days 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 weeks 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.

6 weeks 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.

4 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.

5 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...

5 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...

5 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
7 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...

7 months 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.

8 months 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 ...

9 months 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...

9 months 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
9 months 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...

11 months 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...

11 months 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.

11 months 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

Auto Dealers See Mixed Signals

AutoNation and Lithia Motors are coming off a boom period and face more expensive financing and lower margins.

Other symbols: AN
1 year ago - WSJ

Lithia Motors stock set to fall after earnings miss, as gross margin and profit per vehicle drop

Shares of Lithia Motors Inc. LAD, +1.91% were indicated down about 4% in premarket trading Wednesday, after the automotive retailer reported fourth-quarter profit and revenue that missed expectations,...

1 year ago - Market Watch

Lithia & Driveway (LAD) Increases Revenue 11% and Reports Diluted EPS of $9.00

Announces Dividend of $0.42 per Share for Fourth Quarter MEDFORD, Ore. , Feb. 15, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest fourth quarter revenue in company histor...

1 year ago - PRNewsWire

Lithia & Driveway (LAD) Schedules Release of Fourth Quarter 2022 Results

MEDFORD, Ore. , Jan. 24, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its fourth quarter 2022 earnings will be released before the market opens on Wednesday, February 15, 2023.

1 year ago - PRNewsWire

US giant Lithia revs up deal to buy Ferrari dealer Jardine Motors for £300m

An American car dealership giant is in advanced talks to buy Jardine Motors, one of the largest automotive retail groups in Britain, for about £300m.

Other symbols: RACE
1 year ago - Skynews

Wall Street's Car Stock Picks and Pans for 2023

Rising interest rates, supply chain problems, inflation, and and a slowing global economy have punished car-related shares.

Other symbols: APTVCPRTORLYTSLA
1 year ago - Barrons