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Stock impact report

Lithia Motors, Inc. (LAD) Accelerates Growth with Canadian Acquisition [Yahoo! Finance]

Lithia Motors, Inc. (LAD) 
Last lithia motors, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: lithiainvestorrelations.com
Company Research Source: Yahoo! Finance
The research firm maintained its bullish stance despite adjusting its forecasts for the company's performance metrics. It estimates reductions in new-vehicle volumes and gross profit per unit. The research firm also projects $409 million in adjusted EBITDA in the fourth quarter. The bullish stance comes as Lithia Motors Inc. increasingly expands its footprint in Canada with the acquisition of Fine Ford in the Greater Toronto Area. The acquisition underscores the company's continued focus on strengthening its network in North America, as it is expected to increase annualized revenue by $100 million. “This strategic investment in Canada's number one volume brand strengthens our omnichannel network in the nation's largest market,” said Bryan DeBoer, Lithia and Driveway President and CEO. “Fines Ford's customer loyalty and established reputation in the community align perfectly with our strategy to provide exceptional experiences wherever, whenever, and however customers desire.” ? Show less Read more
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