Auto Dealerships M&A » By The Online Investor Staff, updated Wed., Jun. 29, 9:10 AM
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 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.
 
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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 |
