Lithia (LAD) Acquires Carousel Motor to Expand Footprint [Yahoo! Finance]
Lithia Motors, Inc. (LAD)
Last lithia motors, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance
in Minneapolis-Saint Paul, MN, which is considered one of the largest markets in the North Central Region. Carousel Motor's acquisition is expected to add around $900 million to LAD's annualized revenues. Bryan DeBoer, president and CEO of Lithia, said that the expansion in Twin Cities will help the company build its network in the North Central Region to foster long-term relationships with its customers and provide its omnichannel solutions to the market. Nine dealerships, which comprise both premier luxury and domestic brands and are mainly located in the greater Twin Cities area, are part of this acquisition. Among these dealerships, Carousel Hudson Ford is the largest location in Wisconsin and the company's first Ford dealership in the state. The store adds more brand offerings to LAD's already existing footprint. The company already has three stores in Wisconsin, which are located in Madison and the Milwaukee area. Apart from the Carousel Hudson Ford dealership in Wisconsin
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LAD
News
- Lithia Motors, Inc. (NYSE: LAD) had its price target lowered by analysts at JPMorgan Chase & Co. from $285.00 to $270.00. They now have a "neutral" rating on the stock.MarketBeat
- EFG Companies Expands Powerhouse Leadership Roster [Yahoo! Finance]Yahoo! Finance
- Lithia Motors (NYSE:LAD) Is Increasing Its Dividend To $0.53 [Yahoo! Finance]Yahoo! Finance
- Lithia (LAD) Q1 Earnings Miss Expectations, Dividend Hiked [Yahoo! Finance]Yahoo! Finance
- Lithia Motors, Inc. Just Missed EPS By 26%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
LAD
Earnings
- 4/24/24 - Miss
LAD
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 144
- 5/1/24 - Form 4
- LAD's page on the SEC website