LAD News and Press, Lithia Motors Inc. From 11/30/21

Lithia & Driveway (NYSE:LAD) adds $750M to its existing share repurchase authorization, bringing total funds available to ~$885M. "As discussed in our last earnings call, strong earnings have generated greater than expected free cash flows, which allows us to return capital to our shareho...

Lithia & Driveway (LAD) Increases Share Repurchase Authorization by $750 Million and Completes Inaugural ABS Offering for Driveway Finance Lithia & Driveway (LAD) Increases Share Repurchase Authorization by $750 Million and Completes Inaugural ABS Offering for Driveway F...

David Abrams’ 13F portfolio value increased marginally this quarter from $4.50B to $4.59B. The number of positions increased from 16 to 18. Abrams Capital Management added Tempur Sealy International and Coupang during the quarter. The top three positions are Lithia Motors, ...

Morgan Stanley downgrades its outlook on franchise automotive dealers as Q3 results overall surpassed consensus but the long-term dealer outlook remains uncertain. "Exiting COVID, we believe improved cost structures are discounted in dealer share prices, while long term risks from EVs and dir...

Lithia & Driveway (LAD +0.9%) forayed into South Florida with the addition of Audi Fort Lauderdale and Audi Coral Springs increasing the company's luxury footprint in the Southeast Region; acquisitions were financed using existing on-...

The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Qvale Auto Group on the strategic sale of two Audi de...

Lithia & Driveway (LAD) Enters South Florida with the Addition of Two Audi Stores Lithia & Driveway (LAD) Enters South Florida with the Addition of Two Audi Stores PR Newswire MEDFORD, Ore. , Nov. 16, 2021 /PRNewswire/ -- Lithia & Driveway (NYSE: ...

The pace of price growth for used cars has started to slow steadily, with the saturation of the market. However, the prices are still high. Lithia Motors still maintains high gross profit margin due to strong demand from the consumers in USA. Companies will have to raise car price...

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...

Lithia & Driveway (NYSE:LAD) announced their entrance into North American powersports with the acquisition of Pfaff Harley-Davidson in Toronto, Canada. This acquisition brings LAD’s total expected annualized revenue acquired in 2021 to nearly $6.3B. The company is ahead of sch...