Auto Dealerships M&A » By The Online Investor Staff, updated Thu., Mar. 28, 1:00 PM Recent mergers and acquisitions in the Auto Dealerships M&A category.
This Slide: #14 of 33 |
Slide #14. Lithia Motors, Inc. — Lincoln Volvo Store
Acquirer:
Lithia Motors, Inc. (NYSE:LAD)
Acquiree:
Lincoln Volvo Store
Details:
Lithia Motors, Inc. (NYSE: LAD) announced that it acquired Fresno Lincoln Volvo in Fresno, California. The Lincoln franchise will be relocated to our Ford store and our Mazda franchise will be relocated to the new location to operate alongside Fresno Volvo. The acquisition adds $15 million in estimated annual revenues, and an additional retail location on Blackstone Avenue in Fresno in addition to our Ford, Nissan, Hyundai, Subaru and Mitsubishi franchises.
Lithia Motors is an automotive retailer. Co. has two segments: Vehicle Operations and Financing Operations. The Vehicle Operations segment includes Co.'s retail automotive, recreational vehicles, and motorcycle franchises that sell new vehicles, used vehicles, parts, repair and maintenance services, and vehicle finance and insurance products. The Financing Operations provides loans and leases to consumers across the credit spectrum for both new and used vehicles through two entities, Driveway Finance Corporation and Pfaff Leasing. DFC is a captive lender, originating loans only from stores. Pfaff Leasing originates loans and leases from Co.'s Canadian stores and third-party dealerships.
LAD SEC Filing Email Alerts Service
Open the LAD Page at The Online Investor »
|
Open the LAD Page at The Online Investor (in a new window) »
Free LAD Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Buy (3.06 out of 4) 33rd percentile
(ranked lower than approx. 67% of all stocks covered)
Analysts' Target Price: LAD Stock Forecast Based on Zacks ABR data; powered by Xignite |