Lithia

LAD Schedules Release of Fourth Quarter and Full Year 2020 Results

Retrieved on: 
Monday, January 25, 2021
Online Retail, Retail, Automotive, General Automotive, Other Retail, Specialty, Lithia

Lithia Motors & Driveway (NYSE: LAD) announced its fourth quarter and full year 2020 earnings will be released before the market opens on Wednesday, February 3, 2021.

Key Points: 
  • Lithia Motors & Driveway (NYSE: LAD) announced its fourth quarter and full year 2020 earnings will be released before the market opens on Wednesday, February 3, 2021.
  • A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.
  • Lithia's omni-channel strategy will continue to pragmatically disrupt the industry by leveraging experienced teams, vast owned inventories, technology, and physical network.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.

LAD Acquires $100 million in Revenue, Expanding Presence in North Central Region

Retrieved on: 
Tuesday, December 1, 2020
Automotive, General Automotive, Lithia Motors, Automotive industry, Engines, Subaru, Lithia, Mazda, Motor vehicles

This purchase further increases Lithias footprint in the North Central Region of the United States.

Key Points: 
  • This purchase further increases Lithias footprint in the North Central Region of the United States.
  • We are delighted to add another high-performing store to serve our customers in the North Central Region, said Bryan DeBoer, Lithia Motors and Driveways President and CEO.
  • This acquisition improves our brand mix and ability to complete in-home and in-network solutions throughout their entire vehicle ownership lifecycle.
  • In addition to expanding Lithias network, Ramsey Subaru & Mazda also strengthens its corporate responsibility initiativesparticularly in community enrichment.

Kerrigan Advisors Represents Sterling Motorcars in Sale to Lithia Motors

Retrieved on: 
Wednesday, November 18, 2020
Automotive, Finance, General Automotive, Consulting, Banking, Accounting, Specialty, Professional services, Retail, Fleet management, Kerrigan, Rolls-Royce, Lithia Motors, Sterling, Rolls-Royce Motor Cars, Lithia, Automotive industry, Motor vehicles, Cars

Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Northern Virginia-based Sterling Motorcars on its sale of five luxury franchises to Medford, Oregon-based Lithia Motors, Inc. (NYSE: LAD).

Key Points: 
  • Kerrigan Advisors, a leading sell-side advisory firm to auto dealers in the U.S., represented and advised Northern Virginia-based Sterling Motorcars on its sale of five luxury franchises to Medford, Oregon-based Lithia Motors, Inc. (NYSE: LAD).
  • Sterling Motorcars, which is comprised of BMW of Sterling, MINI of Sterling, Rolls-Royce Motor Cars Sterling, Lamborghini Sterling and McLaren Sterling, was sold by Thomas and Joyce Moorehead.
  • Thomas and Joyce Moorehead are exceptional entrepreneurs who built Sterling Motorcars from the ground up, into a brand synonymous with top luxury and premium service, said Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors.
  • Kerrigan Advisors also publishes The Kerrigan Index, the only monthly index tracking the seven publicly traded auto retail companies.

Lithia Motors Announces the Addition of $1.4 billion in Revenues from the Keyes Automotive Group in Southwest Region

Retrieved on: 
Tuesday, November 10, 2020
Retail, Other Automotive, General Automotive, Automotive, Specialty, Lithia Motors, Lithia, American culture

Keyes Automotive is among the largest and most successful dealer groups in the country with 21,600 new vehicles and 10,350 used units sold in 2019.

Key Points: 
  • Keyes Automotive is among the largest and most successful dealer groups in the country with 21,600 new vehicles and 10,350 used units sold in 2019.
  • Lithia has the broadest coast-to-coast automotive retail network in the nation, reaching over 92% of the United States.
  • Lithia Motors financed this transaction using capital recently raised in concurrent equity and debt offerings that closed in early October.
  • We are delighted to welcome this exceptional group to the Lithia Motors team and look forward to tremendous success together in the coming years.

Bang Energy Slashes Plastic Use by 98.7%!

Retrieved on: 
Friday, November 6, 2020
Articles, Bang, Lithia, Big Fat Lie, Energy

In an epic and unprecedented initiative to protect our planet, Bang Energy has transitioned its plastic use from roughly 97% to 1.3%!

Key Points: 
  • In an epic and unprecedented initiative to protect our planet, Bang Energy has transitioned its plastic use from roughly 97% to 1.3%!
  • To help stay as eco-friendly as possible, Bang Energy recently unveiled a new processing plant in Lithia Springs, Georgia.
  • - Bang Energy CEO Jack Owoc emphatically states:
    We are BRINGING THE BANG by doing things differently.
  • For more information and daily trendsetting updates, workout tips, and supplement research, stay connected by following Jack Owoc on Instagram, @BangEnergy.CEO, visit Bang Energys website, www.bangenergy.com , and follow Bang Energy on Instagram, @BangEnergy.

Lithia Schedules Release of Third Quarter 2020 Results

Retrieved on: 
Tuesday, October 13, 2020
Retail, Communications, Automotive, General Automotive, Specialty, Public relations, Investor relations, Lithia

Lithia Motors, Inc. (NYSE: LAD) announced its third quarter 2020 earnings will be released before the market opens on Wednesday, October 21, 2020.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) announced its third quarter 2020 earnings will be released before the market opens on Wednesday, October 21, 2020.
  • A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.
  • Lithia Motors, Inc. is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in our country.
  • Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever and however consumers desire.

Lithia Motors Adds Another $55 Million in Revenue to Growing Network

Retrieved on: 
Tuesday, October 6, 2020
Retail, Automotive, General Automotive, Other Automotive, Performance & Special Interest, Specialty, Lithia Motors, Lithia, Lithia water, Patent medicines, Ford Motor Company, Companies, Automotive industry, Transport

We are pleased to add Latham Ford to the Lithia Family, further strengthening our ability to serve our communities in the Northeastern United States, said Bryan DeBoer, Lithia Motors President and CEO.

Key Points: 
  • We are pleased to add Latham Ford to the Lithia Family, further strengthening our ability to serve our communities in the Northeastern United States, said Bryan DeBoer, Lithia Motors President and CEO.
  • Latham Ford is expected to add $55 million in annualized revenue, bringing Lithia's total network expansion to over $1.75 billion in revenue thus far in 2020.
  • Lithia has built the broadest coast-to-coast automotive retail network, reaching over 92% of the United States and creating the fulfillment foundation of its omni-channel offerings.
  • Lithia Motors continues to pragmatically and profitably modernize the industry through its mission of Growth Powered by People.

Lithia Announces Proposed Senior Notes Offering

Retrieved on: 
Tuesday, September 29, 2020
Fleet management, Retail, General Automotive, Automotive, Specialty, U.S. Securities and Exchange Commission, Finance, Financial economics, Lithia, 73rd United States Congress, Initial public offering, Corporate finance, Money, Securities Act, Forward-looking statement, Public offering

Lithia Motors, Inc. (NYSE: LAD) today announced that we intend to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior notes due 2031 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) today announced that we intend to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior notes due 2031 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
  • Lithia intends to use the net proceeds of the Private Offering for general corporate purposes, which may include financing possible acquisitions, repaying or refinancing debt, working capital and capital expenditures.
  • Lithia Motors, Inc. is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in our country.
  • Examples of forward-looking statements in this press release include, among others, statements regarding the Private Offering and our concurrent public offering of common stock.

Lithia Motors Reports Preliminary Third Quarter 2020 Results

Retrieved on: 
Tuesday, September 29, 2020
Other Automotive, Aftermarket, Automotive, Financial statements, Lithia Motors, Lithia, Forward-looking statement, New York Stock Exchange, Corporate finance, New York City, Companies

Lithia Motors, Inc. (NYSE: LAD) today reported preliminary financial results for the three months ending September 30, 2020.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) today reported preliminary financial results for the three months ending September 30, 2020.
  • In addition, these preliminary unaudited results are not comprehensive financial results for the quarter ending September 30, 2020, should not be viewed as a substitute for complete GAAP financial statements or more comprehensive financial information, and are not indicative of the results for any future period.
  • Lithia Motors, Inc. is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in our country.
  • Examples of forward-looking statements in this press release include, among others, statements regarding our expected financial results for third quarter 2020.

Lithia Motors Enters Tennessee Market Expanding Reach in the Southeast Region

Retrieved on: 
Tuesday, September 22, 2020
General Automotive, Retail, Specialty, Automotive, State of Franklin, Regions of the United States, United States, Lithia Motors, Lithia, Knoxville, Tennessee, Tennessee

Lithia Motors, Inc. (NYSE: LAD) announced today the purchase of Jim Cogdill CJDR in Knoxville, Tennessee.

Key Points: 
  • Lithia Motors, Inc. (NYSE: LAD) announced today the purchase of Jim Cogdill CJDR in Knoxville, Tennessee.
  • We are excited to share that we have expanded our southeastern regional presence by entering the Tennessee market, serving Knoxville and neighboring communities, said Bryan DeBoer, Lithia Motors President and CEO.
  • Together, with our Driveway digital home channel, we are providing flexible and complete vehicle ownership solutions wherever, whenever and however consumers desire.
  • Lithia Motors continues to pragmatically and profitably modernize the industry through its mission of Growth Powered by People.