Lithia Motors Increases Share Buyback Program to $660 Million (2024)

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04:00:02 2024-06-07 pm EDT
5-day change 1st Jan Change
258.1 USD -0.72% Lithia Motors Increases Share Buyback Program to $660 Million (1) +1.96% -21.62%
Jun. 04 Lithia Motors Increases Share Buyback Program to $660 Million MT
May. 20 North American Morning Briefing : Stocks Drift as -2- DJ

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Latest news about Lithia Motors, Inc.

Lithia Motors Increases Share Buyback Program to $660 Million MT
North American Morning Briefing : Stocks Drift as -2- DJ
Guggenheim Downgrades Lithia Motors to Neutral From Buy MT
Goldman Sachs Adjusts Lithia Motors' Price Target to $300 From $334, Maintains Neutral Rating MT
Jefferies Adjusts Lithia Motors' Price Target to $325 From $350, Maintains Buy Rating MT
Wells Fargo Adjusts Lithia Motors' Price Target to $248 From $290, Keeps Equalweight Rating MT
Craig-Hallum Adjusts Lithia Motors' Price Target to $310 From $350, Keeps Buy Rating MT
Transcript : Lithia Motors, Inc., Q1 2024 Earnings Call, Apr 24, 2024
Lithia Motors' Q1 Earnings Decline, Revenue Rises; Shares Fall Pre-Bell MT
Tranche Update on Lithia Motors, Inc.'s Equity Buyback Plan announced on March 3, 2016. CI
Earnings Flash (LAD) LITHIA MOTORS Reports Q1 EPS $6.11, vs. Street Est of $7.88 MT
Lithia Motors, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Lithia Motors to Cut Around 250 Jobs in UK, Shut Down CarStore Used-Car Business MT
Lithia Motors to Cut Jobs at UK Dealerships, Shut Down Used-Car Marketplace CarStore, Financial Times Says MT
BofA Securities Raises Price Target on Lithia Motors to $385 From $380, Maintains Buy Rating MT
Topps Tiles falls again; Gulf Marine rises AN
Shell to book USD600 million first-quarter write-off AN
AutoNation considering bid of Inchcape UK assets AN
Morgan Stanley Raises Price Target on Lithia Motors to $230 From $220, Maintains Underweight Rating MT
Lithia Motors, Inc. Enters Fifth Amendment to Its Fourth Amended and Restated Loan Agreement CI
Lithia Motors Acquires Carousel Motor Group MT
Lithia Motors, Inc. completed the acquisition of Carousel Motor Group, LLC from Pohlad Companies, Inc. CI
US auto retailers' falling new vehicle margins compress quarterly profits RE
Transcript : Lithia Motors, Inc., Q4 2023 Earnings Call, Feb 14, 2024
Tranche Update on Lithia Motors, Inc.'s Equity Buyback Plan announced on March 3, 2016. CI

Chart Lithia Motors, Inc.

Lithia Motors Increases Share Buyback Program to $660 Million (2)

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Company Profile

Lithia Motors, Inc. is a global automotive retailer. The Company is engaged in providing an array of products and services throughout the vehicle ownership lifecycle. The Company offers convenient experiences through its comprehensive network of physical locations, e-commerce platforms, captive finance solutions and other synergistic adjacencies. The Company operates through two segments: Vehicle Operations and Financing Operations. Its Vehicle Operations consist of all aspects of its auto merchandising and service operations, including its retail automotive, recreational vehicles, and motorcycle franchises that sell new vehicles, used vehicles, parts, repair and maintenance services, and vehicle finance and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles from its Vehicle Operations. The Company operates approximately 482 locations representing 51 brands across the United States, United Kingdom, and Canada.

Sector

Calendar

2024-07-16 - Q2 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

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Ratings for Lithia Motors, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B

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Analysts' Consensus

Sell

Lithia Motors Increases Share Buyback Program to $660 Million (3)

Buy

Mean consensus

OUTPERFORM

Number of Analysts

14

Last Close Price

258.1USD

Average target price

317.8USD

Spread / Average Target

+23.13%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector New Car Dealers

1st Jan change Capi.

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Lithia Motors Increases Share Buyback Program to $660 Million (14)

Lithia Motors Increases Share Buyback Program to $660 Million (2024)

FAQs

Lithia Motors Increases Share Buyback Program to $660 Million? ›

To enhance shareholder value, the company boosted its share buyback program by $350 million yesterday, bringing the remaining buyback authorization to $660 million. Additionally, Lithia has consistently increased its dividend, with the latest hike to 53 cents per share and a five-year annualized growth rate of 13.73%.

Who are Lithia's largest shareholders? ›

Top Shareholders

BlackRock, Inc. Harris Associates L.P. State Street Global Advisors, Inc. Royal London Asset Management Ltd.

Is Lithia Motors a good buy? ›

Lithia Motors has 24.33% upside potential, based on the analysts' average price target. Is LAD a Buy, Sell or Hold? Lithia Motors has a consensus rating of Moderate Buy which is based on 6 buy ratings, 4 hold ratings and 1 sell ratings.

What is the Lithia Pendragon deal? ›

The Lithia deal includes investment into Pendragon's Pinewood dealer management system, which Lithia will integrate into all of its UK dealerships. Pinewood becomes a standalone company with its own listing on the UK stock exchange following the separation from Pendragon.

What is the price target for LAD stock? ›

Stock Price Target LAD
High$380.00
Median$315.00
Low$225.00
Average$311.46
Current Price$251.25

What is Lithia's 2025 plan? ›

Lithia Motors CEO Bryan DeBoer discusses auto dealership group's wish to someday reach $2 in earnings per share per $1 billion in revenue. Lithia Motors Inc. CEO Bryan DeBoer is downplaying his company's goal to reach $50 billion in revenue by the end of 2025 amid high dealership acquisition prices.

Who is the biggest share holder in the world? ›

Three of the largest exchange traded fund providers – BlackRock, State Street, and Vanguard – are also among the largest shareholders in the world. All three asset managers have trillions of dollars in assets under management, most of them passive fund assets.

What is the Lithia Motors controversy? ›

General Motors Company, Jim Koons Management and Lithia Motors Inc. have agreed to settle separate Federal Trade Commission administrative complaint allegations that each touted how rigorously they inspect their cars, yet failed to disclose that some of the used cars they were selling were subject to unrepaired safety ...

How much debt is Lithia Motors in? ›

You can click the graphic below for the historical numbers, but it shows that as of December 2023 Lithia Motors had US$10.8b of debt, an increase on US$7.59b, over one year.

Why did Lithia Motors stock drop? ›

Lithia Q1 Earnings Miss Expectations, Dividend Hiked

Lithia reported first-quarter 2024 adjusted earnings per share (EPS) of $6.11, which declined from the prior-year quarter's $8.44 and missed the Zacks Consensus Estimate of $7.85.

How much does Lithia Motors CEO make? ›

Lithia Motors CEO Bryan DeBoer led the pack with a $19.3M compensation in 2023, outshining other auto retail CEOs. Six public franchised dealership groups increase 2023 CEO pay with extras as Lithia's DeBoer sees...

How does Lithia Motors make money? ›

Lithia is a growth company powered by people and innovation, like Driveway. By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage.

Who is the CEO of Lithia? ›

President/CEO, Lithia Motors Inc.

What is Lithia Motors stock price forecast for 2025? ›

On average, Wall Street analysts predict that Lithia Motors's share price could reach $313.90 by Jun 10, 2025. The average Lithia Motors stock price prediction forecasts a potential upside of 24.39% from the current LAD share price of $252.36.

Who are the shareholders of Lithia Motors? ›

Shareholders
NameEquitiesValuation
Abrams Capital Management LP 8.725 %2,391,188605 M $
BlackRock Advisors LLC 8.296 %2,273,650576 M $
Harris Associates LP 7.520 %2,060,973522 M $
MFN Partners Management LP 5.660 %1,551,077393 M $
6 more rows

Who are the largest shareholders of LAD? ›

Largest shareholders include Vanguard Group Inc, Abrams Capital Management, L.p., BlackRock Inc., Harris Associates L P, MFN Partners Management, LP, Barrow Hanley Mewhinney & Strauss Llc, OAKLX - Oakmark Select Fund Investor Class, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IJH - iShares Core S&P ...

Who are the largest shareholders of EEENF? ›

Institutional Ownership and Shareholders

Largest shareholders include Bard Financial Services, Inc., HighPoint Advisor Group LLC, and AVSD - Avantis Responsible International Equity ETF .

Who are the major shareholders of Bukalapak? ›

Shareholders
NameEquities%
PT ELANG MAHKOTA TEKNOLOGI TBK 24.62 %25,385,649,53724.62 %
Ant Group Co., Ltd. 13.04 %13,448,351,57313.04 %
Government of Singapore 9.443 %9,736,593,6779.443 %
Willix Halim 1.395 %1,438,287,8441.395 %
6 more rows

Who are the major shareholders of recruit holdings? ›

Main Shareholders
NameNumber of shares owned(Thousands)Shareholding ratio(%)
Sumitomo Mitsui Trust Asset Management Co., Ltd.48,1352.84
Nikko Asset Management Co., Ltd.37,4862.21
Total85,6225.05

Who are the largest shareholders of QL resources? ›

Shareholders
NameEquities%
Cbg L Pte Ltd. 40.25 %979,596,10940.25 %
Farsathy Holdings Sdn. Bhd. 12.00 %291,957,46612.00 %
Employees Provident Fund 5.182 %126,114,2905.182 %
Public Mutual Bhd. 2.225 %54,143,3502.225 %
6 more rows

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