Lithia & Driveway Buyback
OLI recorded this information on 11/30/2021
Company:
Lithia & Driveway
Buyback:
LAD buyback
$Amount Authorized:
$885,000,000
Buyback Details:
Lithia & Driveway (NYSE:LAD) announced today an increase of $750 million to its share repurchase authorization by its Board of Directors, bringing total funds available today for future repurchases to approximately $885 million.
Lithia Motors is an automotive retailer. Co. has three reportable segments: Domestic, Import and Luxury. Co.'s Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. Co.'s Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, Nissan, Hyundai, Volkswagen, Kia, and Mazda. Co.'s Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured by BMW, Mercedes-Benz and Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.
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Avg. Broker Rec.
 
|
Strong Buy (3.59 out of 4) 51st percentile
(ranked higher than approx. 51% of all stocks covered)
Analysts' Target Price: LAD Stock Forecast Based on Zacks ABR data; powered by Xignite |
