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MEDFORD, OR—Shauna McIntyre, a director at Lithia Motors Inc . (NYSE:LAD), has sold 248 shares of the company’s common stock, according to a recent SEC filing. The company, with a market capitalization of $7.76 billion, has maintained a strong track record of dividend payments for 16 consecutive years and currently offers a 0.74% yield. The shares were sold at a price of $290.84 each, totaling $72,128. Following this transaction, McIntyre retains ownership of 1,297 shares in the company. Lithia Motors, based in Medford, Oregon, operates in the retail automotive sector, trading at an attractive P/E ratio of 9.95x. According to InvestingPro, the stock’s RSI suggests oversold conditions, with 10+ additional real-time insights available to subscribers.
In other recent news, Lithia Motors Inc. reported strong financial results for Q4 2024, surpassing analyst expectations. The company achieved an adjusted diluted EPS of $7.79, which exceeded the forecasted $7.31, and recorded revenue of $9.2 billion, outpacing the anticipated $8.99 billion. This performance marks a 20% year-over-year increase in revenue, highlighting Lithia Motors’ operational efficiency and strategic execution. The company has also reached its $200 million annual cost savings target, further underscoring its financial health.
In terms of market activity, Lithia Motors continues to focus on growth and market expansion, projecting front-end gross profit of $4,100 to $4,300 and planning to acquire $2-4 billion in annual revenues. The company is targeting $2 EPS per $1 billion in revenue and anticipates normalized new vehicle GPU of $2,300 to $2,500. Analyst firms have noted the company’s strong performance, with no specific upgrades or downgrades reported.
Lithia Motors also emphasized its commitment to capturing market opportunities and enhancing customer experience through digital transformation. The company is well-positioned to capitalize on future growth opportunities, despite potential risks such as tariff impacts and supply chain disruptions. These recent developments reflect Lithia Motors’ focus on maintaining its market position and driving profitability.
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