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Lithia Motors (LAD)

Lithia Motors, Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest growing companies in the Fortune 500 (#265-2019). Lithia is a growth company powered by people and innovation. By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage. Operational excellence is achieved by refocusing the business on the consumer experience and by utilizing proprietary performance measurements to increase market share and profitability. Lithia's unique growth model reinvests to expand its nationwide network and to fund innovations that create personal transportation solutions wherever, whenever and however consumers desire.

Company profile

Ticker
LAD
Exchange
NYSE
Website
www.lithiainvestorrelations.com
CEO
Bryan DeBoer
Employees
Incorporated
Oregon
Location
Oregon
Fiscal year end
Dec 31
Sector
Retail Trade > New Car Dealers
Industry (SIC)
Retail - Auto Dealers & Gasoline Stations
Carmax • Autonation • Penske Automotive • Group 1 Automotive • Sonic Automotive • KAR Auction Services • Murphy USA • Rush Enterprises • Casey`s General Stores • Asbury Automotive ...
SEC CIK
0001023128
Corporate docs
Subsidiaries
797 Valley Street LLC • 6200 Centennial Center Holdco, LLC • 7150 West Sahara Holdco, LLC • 7200 West Sahara Property Holdco II, LLC • Ann Arbor-B, LLC • Ann Arbor-CC, LLC • Ann Arbor-CJD, LLC • Ann Arbor-M, LLC • Austin-H, Inc. • Austin-KI, Inc. ...
IRS number
930572810

LAD stock data

News

From Benzinga Pro
A Look Into Consumer Cyclical Sector Value Stocks
7 Jun 22
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Morgan Stanley Maintains Underweight on Lithia Motors, Lowers Price Target to $260
23 May 22
Morgan Stanley analyst Adam Jonas maintains Lithia Motors (NYSE:LAD) with a Underweight and lowers the price target from $300 to $260.
Lithia Motors Acquires Sisley Honda Dealership In Ontario
3 May 22
What 4 Analyst Ratings Have To Say About Lithia Motors
21 Apr 22
Guggenheim Maintains Buy on Lithia Motors, Raises Price Target to $578
21 Apr 22

Press releases

From Benzinga Pro
Driveway Eclipses Key Monthly Transaction and Unique Visitor Milestones
8 Jun 22
MEDFORD, Ore., June 8, 2022 /PRNewswire/ -- Driveway, LAD's convenient and transparent way for consumers to shop, finance, and sell vehicles online, achieved a monthly volume milestone of 1,050 shop transactions in
Lithia & Driveway (LAD) Continues Canadian Expansion with the Addition of Sisley Honda
3 May 22
MEDFORD, Ore., May 3, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) and Pfaff Automotive Partners today announced the first addition to their Canadian portfolio, Sisley Honda, based in Thornhill, Ontario. The
LITHIA & DRIVEWAY (LAD) INCREASES REVENUE 54%, EPS 99%, AND ADJUSTED EPS 103%, RECORD FIRST QUARTER PERFORMANCE
20 Apr 22
INCREASES DIVIDEND TO $0.42 PER SHARE FOR FIRST QUARTER MEDFORD, Ore., April 20, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today reported the highest first quarter revenue and earnings per share in company
Lithia & Driveway (LAD) Schedules Release of First Quarter 2022 Results
6 Apr 22

Analyst ratings and price targets

Last 3 months
Current price
Average target
$392.00
Low target
$260.00
High target
$578.00
Morgan Stanley
Maintains
Underweight
$260.00
23 May 22
Guggenheim
Maintains
Buy
$578.00
21 Apr 22
Wells Fargo
Maintains
Overweight
$350.00
21 Apr 22
JP Morgan
Maintains
Overweight
$380.00
7 Apr 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

28 Apr 22
26 Jun 22
31 Dec 22

Financial summary

Financial statements Chart LAD financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 165.2M 165.2M 165.2M 165.2M 165.2M 165.2M
Cash burn (monthly) 4.43M 883.33K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 12.75M 2.54M n/a n/a n/a n/a
Cash remaining 152.45M 162.66M n/a n/a n/a n/a
Runway (months of cash) 34.4 184.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

LAD insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 22 Deboer Sidney B Common Stock Gift Dispose G No No 0 10,000 0 35,779
8 Jun 22 Deboer Sidney B Common Stock Sell Dispose S No No 312.5726 1,041 325.39K 45,779
8 Jun 22 Deboer Sidney B Common Stock Sell Dispose S No No 311.967 3,959 1.24M 46,820
6 Jun 22 Deboer Sidney B Common Stock Sell Dispose S Yes No 310.01 998 309.39K 0
17 May 22 Deboer Sidney B Common Stock Sell Dispose S No No 305 5,000 1.53M 50,779
2 May 22 Deboer Sidney B Common Stock Payment of exercise Dispose F No No 0 44 0 55,779
2 May 22 Roberts Kenneth E Common Stock Gift Acquire G Yes No 0 136 0 52,047
2 May 22 Roberts Kenneth E Common Stock Gift Dispose G No No 0 136 0 33,505
27 Apr 22 Deboer Sidney B Common Stock Grant Acquire A No No 0 541 0 55,823
27 Apr 22 Roberts Kenneth E Common Stock Grant Acquire A No No 0 541 0 33,641
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

LAD institutional ownership history Ownership history
98.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 420 429 -2.1%
Opened positions 65 76 -14.5%
Closed positions 74 70 +5.7%
Increased positions 153 144 +6.3%
Reduced positions 136 153 -11.1%
13F shares Current Prev Q Change
Total value 8.34B 8.81B -5.3%
Total shares 28.46M 28.28M +0.7%
Total puts 194.85K 263.3K -26.0%
Total calls 202K 115.9K +74.3%
Total put/call ratio 1.0 2.3 -57.5%
Largest owners Shares Value Change
Vanguard 2.89M $868.05M -1.7%
BLK Blackrock 2.47M $741.26M -7.6%
Abrams Capital Management 2.35M $705.6M 0.0%
Barrow Hanley Mewhinney & Strauss 1.01M $302.31M -0.3%
Deboer Sidney B 1M $99.15M 0.0%
Brave Warrior Advisors 885.11K $265.64M NEW
Park West Asset Management 834.38K $250.42M +22.2%
STT State Street 807.87K $242.46M +3.8%
Southpoint Capital Advisors 804.97K $241.59M -5.3%
Harris Associates L P 778.5K $233.64M NEW
Largest transactions Shares Bought/sold Change
Brave Warrior Advisors 885.11K +885.11K NEW
Harris Associates L P 778.5K +778.5K NEW
Viking Global Investors 316.9K -474.18K -59.9%
Millennium Management 38.88K -332.47K -89.5%
Norges Bank 0 -321.95K EXIT
Royal London Asset Management 312.31K +312.31K NEW
FMR 653.65K +275.95K +73.1%
MFN Partners Management 751.08K +225.81K +43.0%
Fred Alger Management 0 -225.43K EXIT
BLK Blackrock 2.47M -203.26K -7.6%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Carmax • Vroom • Carvana • Carvana
Management Discussion
  • For the year ended December 31, 2021, we reported net income of $1.1 billion, or $36.54 per diluted share. For the years ended December 31, 2020 and 2019, we reported net income of $470.3 million, or $19.53 per diluted share, and $271.5 million, or $11.6 per diluted share, respectively.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: affordability, American, breakdown, captive, car, cessation, channel, Chevrolet, compelling, complementary, Desert, electric, engine, explore, FICO, learning, long, magnetic, marketplace, massive, November, originated, realized, resource, Sahara, score, solution, Sullivan, synergistic, systematically, transformative, twenty
Removed: ASU, attract, capture, Codification, consolidate, Continuation, country, creation, cycle, expertise, FASB, favorably, furloughed, guidance, impacted, indenture, integration, knowledge, leading, monetize, nationwide, online, permitted, personal, positively, powered, premium, pronouncement, reviewed, Sacramento, shop, Simplifying, state, touch
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
28 Apr 22
10-K
2021 FY
Annual report
18 Feb 22
10-Q
2021 Q3
Quarterly report
27 Oct 21
10-Q
2021 Q2
Quarterly report
28 Jul 21
10-Q
2021 Q1
Quarterly report
29 Apr 21
10-K
2020 FY
Annual report
19 Feb 21
10-Q
2020 Q3
Quarterly report
23 Oct 20
10-Q
2020 Q2
Quarterly report
24 Jul 20
10-Q
2020 Q1
Quarterly report
24 Apr 20
10-K/A
2019 FY
Annual report (amended)
28 Feb 20
Current reports
View all
8-K
Entry into a Material Definitive Agreement
8 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Increases Dividend to $0.42 Per Share for First Quarter
20 Apr 22
8-K
Lithia & Driveway (Lad) Increases Revenue 60%, Eps 36%, and Adjusted Eps 109%, Record Fourth Quarter Performance
9 Feb 22
8-K
Other Events
30 Nov 21
8-K
Lithia & Driveway (Lad) Increases Revenue 70%, Eps 47 %, and Adjusted Eps 63%, Record Third Quarter Performance
20 Oct 21
8-K
Entry into a Material Definitive Agreement
3 Sep 21
8-K
Departure of Directors or Certain Officers
23 Jul 21
8-K
Lithia & Driveway (Lad) Reports Highest Second Quarter Earnings
21 Jul 21
8-K
Entry into a Material Definitive Agreement
9 Jun 21
Registration and prospectus
View all
424B5
Prospectus supplement for primary offering
21 May 21
424B5
Prospectus supplement for primary offering
18 May 21
424B5
Prospectus supplement for primary offering
2 Oct 20
FWP
Free writing prospectus
29 Sep 20
424B5
Prospectus supplement for primary offering
29 Sep 20
424B5
Prospectus supplement for primary offering
24 Jul 20
S-3ASR
Automatic shelf registration
21 Jul 20
S-8
Registration of securities for employees
7 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
6 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Feb 19
Proxies
View all
DEFA14A
Additional proxy soliciting materials
11 Mar 22
DEF 14A
Definitive proxy
11 Mar 22
DEFA14A
Additional proxy soliciting materials
2 Apr 21
DEF 14A
Definitive proxy
15 Mar 21
DEFA14A
Additional proxy soliciting materials
15 Mar 21
PRE 14A
Preliminary proxy
5 Mar 21
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEFA14A
Additional proxy soliciting materials
11 Mar 20
DEF 14A
Definitive proxy
11 Mar 20
DEF 14A
Definitive proxy
11 Mar 19
Other
View all
UPLOAD
Letter from SEC
29 Sep 20
CORRESP
Correspondence with SEC
27 Sep 20
UPLOAD
Letter from SEC
16 Sep 20
UPLOAD
Letter from SEC
27 Oct 15
CORRESP
Correspondence with SEC
19 Oct 15
UPLOAD
Letter from SEC
5 Oct 15
CORRESP
Correspondence with SEC
14 Sep 15
UPLOAD
Letter from SEC
31 Aug 15
UPLOAD
Letter from SEC
18 Mar 15
CORRESP
Correspondence with SEC
4 Mar 15
Ownership
View all
11-K
Annual report of employee stock purchases
24 Jun 22
4
LITHIA MOTORS / SIDNEY B DEBOER ownership change
9 Jun 22
4
LITHIA MOTORS / SIDNEY B DEBOER ownership change
7 Jun 22
4
LITHIA MOTORS / SIDNEY B DEBOER ownership change
18 May 22
4
LITHIA MOTORS / Shauna McIntyre ownership change
2 May 22
4
LITHIA MOTORS / SIDNEY B DEBOER ownership change
2 May 22
4
LITHIA MOTORS / Susan O Cain ownership change
2 May 22
4
LITHIA MOTORS / Louis Miramontes ownership change
2 May 22
4
LITHIA MOTORS / Kenneth E Roberts ownership change
2 May 22
4
LITHIA MOTORS / David J Robino ownership change
2 May 22

Transcripts

View all
2022 Q1
Earnings call transcript
20 Apr 22
2021 Q4
Earnings call transcript
9 Feb 22
2021 Q3
Earnings call transcript
20 Oct 21
2021 Q2
Earnings call transcript
21 Jul 21
2021 Q2
Earnings call transcript
21 Apr 21
2020 Q4
Earnings call transcript
3 Feb 21
2020 Q3
Earnings call transcript
21 Oct 20
2020 Q2
Earnings call transcript
22 Jul 20
2020 Q1
Earnings call transcript
22 Apr 20
2019 Q4
Earnings call transcript
12 Feb 20

Reddit threads

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