|Bid||160.08 x 800|
|Ask||180.02 x 1000|
|Day's range||157.95 - 161.92|
|52-week range||67.90 - 165.27|
|Beta (3Y monthly)||1.12|
|PE ratio (TTM)||14.21|
|Forward dividend & yield||1.20 (0.76%)|
|1y target est||N/A|
Lithia Motors, Inc. (LAD) today announced the pricing of its previously announced offer of $400 million in aggregate principal amount of its 4.625% senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Pending final application, all or a portion of the net proceeds of the Private Offering may be applied to reduce indebtedness, including under Lithia's new and used vehicle floor plan facilities. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.
Lithia Motors, Inc. (LAD) today announced that we intend to offer, subject to market and other conditions, $400 million in aggregate principal amount of senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Lithia intends to use the net proceeds of the Private Offering to repay all amounts then outstanding under the revolving line of credit under its credit facility and the remainder for general corporate purposes, which may include funding acquisitions, capital expenditures and other debt repayment. Pending final application, the net proceeds of the offering may be applied to reduce indebtedness, including under Lithia’s new and used vehicle floor plan facilities.
Lithia Motors Inc. announced today that Chris Holzshu, Executive Vice President, has been promoted to Chief Operating Officer .
The partnership between the two companies establishes a base of people and stores for Lithia to grow from in the Southeastern United States. “We are excited to expand our presence in Florida and position Lithia for further growth in this key geographic region,” said Bryan DeBoer, Lithia Motors Inc. President and CEO. This latest acquisition expands Lithia’s reach from 82% to 92% of the U.S. and gives Lithia the broadest coast-to-coast network of any auto retailer.
Lithia Motors Inc. (LAD) has activated a convenient sell-from-home customer experience powered by a proprietary technology. “We’re meeting customers on their terms,” said George Hines, Lithia Motors Senior Vice President, Chief Innovation and Technology Officer. The technology is part of a multi-faceted expansion of digital conveniences, building upon buy-from-home technology launched earlier in 2019.
Lithia Motors, Inc. announced its third quarter 2019 earnings will be released before the market opens on Wednesday, October 23, 2019. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m.
Lithia Motors, Inc. announced today the addition of Chrysler Dodge Jeep Ram Fiat and Subaru stores in Morgantown, West Virginia.
Lithia Motors, Inc. announced today the addition of Ford Lincoln of Morgantown, West Virginia. The store, previously named Freedom Ford, is Lithia’s first dealership in West Virginia which marks the 19th state in Lithia’s expanding network.
Lithia Motors, Inc. announced today the addition of Hamilton Honda in Hamilton Township, New Jersey. The team joins Lithia’s nationwide family of stores and expands the reach of Lithia’s network in New Jersey and toward Eastern Pennsylvania.
Lithia Motors, Inc. , one of the nation’s largest providers of personal transportation solutions, announced today that Shauna McIntyre joined their Board of Directors.