Lithia, one of the largest dealership groups in the United States, shares Wheels' dedication to offering comprehensive services throughout the vehicle lifecycle, from acquisition and financing to maintenance and repair. Zacks Rank & Key Picks The consensus estimate for BLBD's 2024 sales and earnings suggests year-over-year growth of 17.29% and 155.14%, respectively. The EPS estimates for 2024 and 2025 have improved 63 cents and 69 cents, respectively, in the past 60 days. Marubeni has been investing in the ...

Marubeni has a strong track record of investing in companies across the US automotive value chain, dating back to 1958. Current Marubeni portfolio companies in the mobility sector include businesses focused on consumer auto finance, refrigerated trailer rental & leasing, and short-term commercial vehicle rentals. As an investor in Wheels in partnership with Apollo-managed funds focused on origination platforms and asset-backed finance strategies, Marubeni is aligned with Apollo's long-term vision for Wheels ...

Lithia Motors, Inc. (LAD) has expanded its presence in the U.S. Southeast Region by acquiring Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, TN, and Woodbridge Hyundai in the greater Toronto area. These new acquisitions are expected to generate more than $240 million in annualized revenues. Per Bryan DeBoer, president and CEO of Lithia, the company offers an exceptional retail experience, emphasizing ease, convenience and optionality throughout the vehicle ownersh ...

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. The Woodbridge Hyundai location will eventually occupy an existing owned facility, allowing for strong returns. These additions bring LAD's total year-to-date expected annualized revenue acquired to over $5.6 billion. The acquisitions were financed using existing on-balance sheet capacity. Lithia & Driveway (NYSE: LAD) is one of the largest global automotiv ...

Moreover, Lithia's annualized cash flow growth rate of 32% over the past 3-5 years is impressive compared to the industry average of 17%. 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%. With a payout ratio of just 6%, the dividend growth ap ...

About Lithia & Driveway (LAD) Lithia & Driveway (NYSE: LAD) is one of the largest global automotive retailers providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and ...

It has been about a month since the last earnings report for Lithia Motors (LAD) . Shares have lost about 1.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Lithia Motors due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Lithia Q1 Earnings Miss Expectations, Divi ...

WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-14733 Lithia Motors, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Exact name of registrant as specified in its charter) Oregon 93-0572810 (State or other jurisdiction of incorporation or organization) 150 N. Ba ...

Lithia Motors (LAD) 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.Total revenues jumped 23% year over year to $8.56 billion. The top line outpaced the Zacks Consensus Estimate of $8.5 billion.Segmental PerformanceNew vehicle retail revenues increased 22.4% year over year to $4 billion, missing our estimate of $4.3 billion due to a lower-than-expected number of units sold and average ...

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 P ...