Auto Dealerships M&A » By The Online Investor Staff, updated Mon., Nov. 29, 7:16 PM
Recent mergers and acquisitions in the Auto Dealerships M&A category.
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Slide #16. Lithia Motors, Inc. — Nissan and Kia Store
Acquirer:
Lithia Motors, Inc. (NYSE:LAD)
Acquiree:
Nissan and Kia Store
Details:
Lithia Motors, Inc. (NYSE: LAD) announced that it acquired Stockton Nissan Kia in Stockton, California. The store will be named Nissan and Kia of Stockton, and adds $45 million in estimated annual revenues.
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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Avg. Broker Rec.
 
|
Buy (3.34 out of 4) 40th percentile
(ranked lower than approx. 60% of all stocks covered)
Analysts' Target Price: LAD Stock Forecast Based on Zacks ABR data; powered by Xignite |
