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Auto Dealerships M&A image Auto Dealerships M&A » By The Online Investor Staff, updated Thu., May. 13, 4:43 PM Recent mergers and acquisitions in the Auto Dealerships M&A category.

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 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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Company Name: 
Lithia Motors Inc
Stock buyback: 
LAD buyback
Website: 
www.lithiainvestorrelations.com
Sector: 
Auto Dealerships
Number of ETFs Holding LAD: 
72
Total Market Value Held by ETFs: 
$1.77B
Total Market Capitalization: 
$9.75B
% of Market Cap. Held by ETFs: 
18.14%
 

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Buy (3.19 out of 4)
36th percentile
(ranked lower than approx. 64% of all stocks covered)

Analysts' Target Price:
LAD Stock Forecast

Based on Zacks ABR data;
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