Welcome to our dedicated page for Lithia Motors news (Ticker: $LAD), a resource for investors and traders seeking the latest updates and insights on Lithia Motors stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lithia Motors's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lithia Motors's position in the market.
Rhea-AI Summary
Lithia & Driveway (LAD) reported record first-quarter revenue of $8.6 billion, a 23% increase from the previous year. Net income per diluted share decreased by 29%, impacted by foreign currency losses. The company announced a dividend of $0.53 per share. Total revenues grew by 23%, with key highlights including growth in new vehicle units, increased monthly unique visitors for GreenCars, and successful loan origination by Driveway Finance
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.11%
Tags
-
Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) will release its first quarter 2024 earnings on April 24, 2024, followed by a conference call at 10:00 a.m. Eastern Time. Investors can participate via phone or website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.01%
Tags
-
Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) expands its presence in the North Central Region by acquiring Carousel Motor Group, adding over $900 million in annualized revenue. The purchase includes nine stores with premium luxury and domestic brands, strengthening LAD's market position in Minneapolis-St. Paul. This acquisition, along with previous purchases, boosts LAD's total expected annualized revenue to $5.4 billion year-to-date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
Rhea-AI Summary
Lithia & Driveway (LAD) reports record fourth-quarter revenue of $7.7 billion, a 10% increase, but sees a 14% decrease in net income per diluted share. The company's full-year 2023 revenue hit a record $31.0 billion, with a decrease in net income per diluted share by 18%. LAD ends the year with a strong balance sheet and plans to pay a dividend of $0.50 per share for the fourth quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
-
Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) has completed the acquisition of Pendragon PLC's UK motor and fleet management divisions, forming a strategic partnership with Pinewood Technologies. This expands LAD's digital capabilities and geographic footprint in the UK market. The acquisition is expected to add $4.5B in revenue and strengthen LAD's presence in the UK automotive industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
-
Rhea-AI Summary
Lithia & Driveway (LAD) has promoted Adam Chamberlain to Chief Customer Officer (CCO), expanding his role to innovate the customer experience across the company's extensive network. Chamberlain's proven track record in creating amazing customer experiences and boosting store performance makes him a perfect fit for this executive role. With his background in leading diverse teams at Aston Martin NA and Mercedes Benz USA, Lithia & Driveway aims to further leverage its size and scale to prioritize customer-centricity and operational performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) has announced that its fourth quarter 2023 earnings will be released before the market opens on February 14, 2024. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. Participants can access the call by telephone or listen live on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
-
Rhea-AI Summary
Lithia & Driveway reports highest Q3 revenue in company history, but net income decreases by 21%. Adjusted net income decreases by 17%. Dividend of $0.50 per share approved for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.06%
Tags
-
Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) to release Q3 2023 earnings on October 25, 2023. Conference call scheduled at 10:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.47%
Tags
Rhea-AI Summary
Lithia & Driveway signs revised agreement with Pendragon to enter strategic partnership with Pinewood Technologies and acquire Pendragon's UK motor division and vehicle management division. Total cash consideration payable increased by 42%. Expected dividend to Pendragon shareholders to increase by 49%. Preliminary commitments from major UK automotive retailers to adopt Pinewood DMSSignificant further upside from strategic partnership and North American JV. Planned investment to be financed using existing on-balance sheet capacity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
Tags
Lithia Motors, Inc.
NYSE:LAD
LAD Rankings
LAD Stock Data
About LAD
at lithia our success is driven by a passion for cars and for serving our customers. lithia auto stores is one of the largest and most trusted automotive retailers in the u.s., providing outstanding sales, service, parts, and auto financing to urban and rural customers in 14 states. lithia’s road to success has taken us from a single dealership in ashland, oregon to a publicly traded company with approximately 130 locations. join an auto retailer that believes our growth relies on the growth of our people. members of team lithia get the tools they need to succeed, including ongoing training in a promote-from-within culture. our early beginnings were the road map leading us to a present day. a journey filled with healthy challenges and exciting opportunities. we’re a company that believes in our core values and living them through personal ownership, an entrepreneurial spirit, high standards and best practices, while thriving in a dynamic work place. come “take the journey with us