Key Developments: Lithia Motors Inc (LAD.N)

LAD.N on New York Stock Exchange

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11:51am EDT
Price Change (% chg)

$4.41 (+4.88%)
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$90.43
Open
$93.50
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$97.00
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$93.49
Volume
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$97.05
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Latest Key Developments (Source: Significant Developments)

Lithia Motors Inc declares dividend
7:28am EDT 

Lithia Motors Inc:Board of Directors has approved dividend of $0.16 per share related to second quarter 2014 financial results.Payable on Aug. 22.Record date on Aug. 8.  Full Article

Lithia Motors gives Q3, FY 2014 EPS guidance above analysts' estimates, Q4 2014 in-line with analysts' estimates
7:28am EDT 

Lithia Motors Inc:Expects Q3 2014 EPS guidance to be between $1.36 - $1.38.Expects Q4 2014 EPS guidance to be between $1.23 - $1.26.Expects FY 2014 EPS guidance to be between $4.95 to $5.00.Q3 2014 EPS of $1.31, Q4 2014 EPS of $1.26 and FY 2014 EPS of $4.84 - Thomson Reuters I/B/E/S.  Full Article

Lithia Motors Inc to acquire 100 pct. of outstanding shares of DCH Auto Group Inc
Sunday, 15 Jun 2014 06:00am EDT 

Lithia Motors Inc and DCH Auto Group Ltd:Enter into definitive agreement to combine their companies.In transaction, Lithia will acquire 100 pct. of outstanding shares of DCH Auto Group Inc., for an estimated price of about $340 mln in cash and $22.5 mln, or about 300,000 shares of Lithia common stock.Upon closing, DCH's 27 stores, located in Southern California, New Jersey and New York, will be combined with Lithia's 101 stores in the Western United State.Says transaction is expected to be funded through expansion of Lithia's existing credit facility by $600 million, mortgage financing of $200 mln, and available cash flows from operations.Targets to close transaction in fourth quarter of 2014.  Full Article

Lithia Motors Inc announces acquisition of Buick GMC and Cadillac Stores
Thursday, 12 Jun 2014 03:32pm EDT 

Lithia Motors Inc:Acquires Vic Alfonso Cadillac and Braley & Graham Buick GMC in Portland, Oregon.Stores will be renamed Buick GMC of Beaverton and Cadillac of Portland Lloyd Center.  Full Article

Lithia Motors Inc raises FY 2014 outlook; gives Q2 2014 EPS outlook below analysts' estimates
Thursday, 24 Apr 2014 07:31am EDT 

Lithia Motors Inc:Expects FY 2014 total revenues of $4.6 to $4.7 bln.Expects FY 2014 earnings of $4.57 to $4.65 per diluted share.Expects Q2 2014 earnings of $1.18 to $1.20 per diluted share.Q2 2014 EPS of $1.23 - Thomson Reuters I/B/E/S.FY 2014 revenue of $4.57 bln, EPS of $4.55 - Thomson Reuters I/B/E/S.  Full Article

Lithia Motors Inc approves dividend
Thursday, 24 Apr 2014 07:30am EDT 

Lithia Motors Inc:Approves dividend of $0.16 per share related to first quarter financial results.Lithia will pay dividend May 23 to shareholders of record on May 9.  Full Article

Lithia Motors Inc announces acquisition of ford store and opens new chrysler jeep dodge store
Wednesday, 2 Apr 2014 07:30am EDT 

Lithia Motors Inc:Acquired Access Ford in Corpus Christi, Texas.Opened Lithia Chrysler Jeep Dodge of Wasilla in Wasilla, Alaska.Stores will add $105 million in estimated annual revenues.  Full Article

Lithia Motors Inc announces acquisition of Honolulu Buick GMC Cadillac and Honolulu Volkswagen
Friday, 7 Mar 2014 07:29am EST 

Lithia Motors Inc:Acquires Honolulu Buick GMC Cadillac and Honolulu Volkswagen in Honolulu, Hawaii.Stores will add $75 mln in estimated annual revenues.Terms of acquisitions were not disclosed.  Full Article

Lithia Motors Inc approves dividend
Wednesday, 19 Feb 2014 07:29am EST 

Lithia Motors Inc:Approved dividend of $0.13 per share related to fourth quarter 2013 financial results.Lithia will pay the dividend March 21 to shareholders of record on March 7.  Full Article

Lithia Motors Inc gives Q1 2014 EPS guidance below analysts' estimates; gives FY 2014 mixed guidance
Wednesday, 19 Feb 2014 07:29am EST 

Lithia Motors Inc:Projects Q1 2014 earnings of $0.92 to $0.94 per diluted share and FY 2014 earnings of $4.30 to $4.40 per diluted share (EPS).Projects FY 2014 total revenues of $4.5 bln to $4.6 bln.Q1 2014 EPS of $0.96 - Thomson Reuters I/B/E/S.FY 2014 EPS of $4.42 and revenue of $4.4 bln - Thomson Reuters I/B/E/S.  Full Article

Auto retailer Lithia Motors to acquire DCH Auto Group for $362.5 mln

NEW YORK - Lithia Motors Inc said on Sunday it has agreed to buy DCH Auto Group Inc for $362.5 million, giving the automotive retailer a presence in the eastern United States for the first time.

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