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Last $113.71 USD
Change Today -0.88 / -0.77%
Volume 225.0K
LAD On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

lithia motors inc-cl a (LAD) Snapshot

Open
$114.64
Previous Close
$114.59
Day High
$115.18
Day Low
$113.68
52 Week High
06/24/15 - $117.14
52 Week Low
10/13/14 - $63.05
Market Cap
3.0B
Average Volume 10 Days
286.4K
EPS TTM
$5.68
Shares Outstanding
23.8M
EX-Date
05/13/15
P/E TM
20.0x
Dividend
$0.80
Dividend Yield
0.60%
Current Stock Chart for LITHIA MOTORS INC-CL A (LAD)

lithia motors inc-cl a (LAD) Related Businessweek News

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lithia motors inc-cl a (LAD) Details

Lithia Motors, Inc. operates as an automotive franchisee and retailer of new and used vehicles in the United States. The company sells new and used cars, and replacement parts; provides vehicle maintenance, warranty, paint, and repair services; and offers related financing; and sells service contracts, vehicle protection products, and credit insurance products. As of March 2, 2015, it offered 30 brands of new vehicles and various brands of used vehicles in 130 stores; and online through Lithia.com and DCHauto.com. The company was founded in 1946 and is headquartered in Medford, Oregon.

8,827 Employees
Last Reported Date: 03/2/15
Founded in 1946

lithia motors inc-cl a (LAD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $840.0K
Founder and Executive Chairman
Total Annual Compensation: $840.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $420.0K
Senior Vice President of Operations
Total Annual Compensation: $420.0K
Consultant
Total Annual Compensation: $348.0K
Compensation as of Fiscal Year 2014.

lithia motors inc-cl a (LAD) Key Developments

Lithia Motors Inc. Presents at Stephens Spring Investment Conference 2015, Jun-03-2015 11:00 AM

Lithia Motors Inc. Presents at Stephens Spring Investment Conference 2015, Jun-03-2015 11:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Lithia Motors Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Increases Dividend for the First Quarter Ended March 31, 2015, Payable on May 29, 2015; Reports Asset Impairment for the First Quarter of 2015; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2015

Lithia Motors Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $40.65 million, or $1.53 per diluted share, compared to $24.73 million, or $0.94 per diluted share, for the same quarter ended March 31, 2014. Total revenues were $1.79 billion, compared to $1.08 million for the same quarter ended March 31, 2014. Income from operations was $67.90 million, compared to $44.72 million for the same quarter ended March 31, 2014. Income from continuing operations was $40.65 million against $24.69 million a year ago. Total same store sales increased 11%; New vehicle same store sales increased 11%; Used vehicle retail same store sales increased 11%; Service, body and parts same store sales increased 11%; Same store F&I per unit increased $52 to $1,233. Net cash provided by operating activities was $38.229 million against net cash used in operating activities of $22.387 million a year ago. Adjusted net cash provided by operating activities was $16.245 million against $9.871 million a year ago. Free cash flow was $34 million. Capital expenditures, which reduced this free cash flow figure, were $25 million for the quarter. For the first quarter of 2015, the company reported asset impairment of $4.130 million. The company announced that the Board of Directors has approved a 25% increase in quarterly dividend to $0.20 per share related to first quarter 2015 financial results. The company will pay the dividend May 29, 2015 to shareholders of record on May 15, 2015. The company projects 2015 second quarter earnings of $1.55 to $1.59 per diluted share. For the full year of fiscal 2015, the company expects total revenues of $7.5 to $7.7 billion; tax rate of 40.0% and capital expenditures of $100 million. The company expects new vehicle sales increasing 43.5%; new vehicle gross margin of 5.9% to 6.1%; used vehicle sales increasing 36.5%; used vehicle gross margin of 12.6% to 12.8%. The company estimate generating over $110 million in free cash flow for 2015, providing significant capital to reduce leverage or to deploy acquisitions, share repurchases, dividends or internal investment. The company expects full year 2015 earnings per share of $6.20 to $6.30 per share.

Lithia Motors Seeks Acquisitions

Lithia Motors Inc. (NYSE:LAD) is looking for acquisitions. Bryan DeBoer, President of Lithia Motors said "For the fourth consecutive quarter, we achieved double digit growth in same store sales in all business lines. On a continuing operations basis, we grew revenue 66% and adjusted net income 36% over the first quarter of 2014. We remain focused on capturing additional market share, improving existing store results, the continued success, integration and growth of DCH and actively seeking accretive acquisitions."

 

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Industry Analysis

LAD

Industry Average

Valuation LAD Industry Range
Price/Earnings 19.7x
Price/Sales 0.5x
Price/Book 4.2x
Price/Cash Flow 16.1x
TEV/Sales 0.2x
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