Lithia Motors, Inc. Buyback
OLI recorded this information on 3/3/2016
Lithia Motors, Inc.
Lithia Motors, Inc. (NYSE: LAD) announced that its Board of Directors has authorized the repurchase of up to $250 million of Lithia Class A common stock. This modifies the existing authorization, increasing the total and establishing a maximum dollar rather than share amount. Lithia had approximately 26 million shares of Class A common stock outstanding as of March 1, 2016.
Lithia Motors is a provider of personal transportation solutions. Co.'s segments are: 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 Honda, Toyota, Subaru, Nissan and Volkswagen. Co.'s Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily 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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Buy (3.19 out of 4)