Lithia Motors: Buy New, Buy Used, Just Buy
Lithia Motors: Dealing Cars To Consumers, Profits To Investors
Thu, Jul. 28, 6:57 AM
Wed, Jul. 27, 5:30 PM
- AB, ABMD, ACIW, ACOR, ADP, AEP, ALKS, ALLE, ALXN, AMT, APD, ARIA, AZN, BC, BCC, BCO, BCOR, BEN, BG, BGCP, BHI, BMS, BMY, BSX, BWA, BWEN, BZH, CAB, CBG, CBM, CELG, CFX, CIT, CL, CLF, CLFD, CME, CMS, COMM, COP, COR, CRR, CRS, CS, CSH, CVI, CVRR, CWT, DBD, DFT, DLX, DOW, DSX, EME, EPD, EQM, EQT, EXLS, F, FCFS, FCN, FI, FIG, FITB, FLY, FSS, GLOP, GNC, GOV, GPI, GPN, GRUB, GTLS, HCA, HEES, HOG, HP, HSY, HTH, IART, IDA, IGT, INCR, INGR, IP, IPGP, IRDM, ITC, ITG, IVC, IVZ, KEM, LAD, LAZ, LDOS, LEA, LKQ, LLL, LPG, MA, MCS, MD, MDP, MDWD, MINI, MITK, MJN, MKTX, MMC, MNRO, MPC, MPLX, MSCI, MTH, MTRN, MVIS, NAP, NEWM, NICE, NMR, NOV, NTCT, NYT, OAK, ODFL, ORI, OSK, PAG, PCG, PES, PF, PJC, PNR, POT, PRLB, PTEN, PX, RDN, RDS.A, RPM, RTN, SCG, SEE, SERV, SFE, SPB, SPGI, SQBG, SQNS, STNG, SXC, SXCP, TCK, TFX, TGI, THRM, TKR, TMO, TPX, TREE, TRI, TZOO, UAN, UBSI, UTHR, VC, VGR, VIVO, VNTV, WCC, WILN, WRLD, WST, WWE, YNDX, ZBH
Wed, Jun. 15, 1:57 PM
- A dive by MarketWatch into sales growth and share price performance pulls out three names that could be overlooked by investors.
- MarineMax (HZO +1.4%) is the only company on a list of the strongest Q1 same-store sales growth in the retail sector to show a negative YTD return.
- Two auto retailers, Lithia Motors (LAD +2%) and Asbury Automotive (ABG +2.2%), are also in negative territory this year, despite making a separate list of companies with the highest growth of sales per share over the last 12 months.
- YTD returns: HZO -11%, LAD -29%, ABG -19%.
Wed, May 25, 8:57 AM
- An analysis of data from LendingTree suggests that millennials want to drive and own cars.
- "The share of millennial auto loan requests has climbed from roughly 27 percent in early 2013 to about 34 percent in 2016, suggesting a return of younger buyers to the car market," concludes Lending Tree after diving into loan requests.
- On a volume basis, the most popular cars that millennials requested a loan for were the Nissan Altima, Dodge Charger, Honda Accord, Chevrolet Impala, and Chevrolet Tahoe. Millennials opted for used vehicles at a slightly higher clip than older drivers, 46% vs. 44%.
- The crush of major automaker-tech firm partnerships (Toyota-Uber, GM-Lyft, Fiat-Google, Volkswagen-Gett) popping up is predicated in part on a younger generation attuned to ride-sharing and ride-hailing. There's also been an assumption by some analysts of a topping out of U.S. auto demand this year or next due in part to millennial disinterest.
- Related automaker/auto retailer stocks: PAG, ABG, LAD, GPI, SAH, KMX, AN, RUSHA, OTCPK:DDAIF, TM, HMC, TSLA, TTM, OTCPK:VLKAY, GM, F, OTCPK:NSANY, OTCPK:BAMXY, OTCPK:FUJHF.
Tue, May 24, 9:38 AM
- Worried about Fed rate hikes pushing the greenback up higher? Focus on growing companies deriving at least 80% of sales from the U.S., says Jefferies' Steven DeSanctis.
- He notes the dollar peaked on Jan. 20, and sectors with big overseas exposure have outperformed since. However, with higher interest rates looking like they might send the dollar back into an uptrend, it's time to refocus on companies less reliant on exports.
- DeSanctis and team identified 27 small- and mid-cap companies that were: In the Russell 2500 and Buy-rated by Jefferies, have less than 20% of sales outside of U.S., "sit in the highest two quintiles" based on ROE, and have market values north of $2B.
- Of that group, they picked ten showing the highest growth of sales per share (though a tie brought the total to 11): Paycom Software (NYSE:PAYC), Lithia Motors (NYSE:LAD), Centene Corp. (NYSE:CNC), Molina Healthcare (NYSE:MOH), Five Below (NASDAQ:FIVE), Mednax (NYSE:MD), Western Alliance Bancorp (NYSE:WAL), Signature Bank (NASDAQ:SBNY), KAR Auction (NYSE:KAR), Science Applications (NYSE:SAIC), and Urban Outfitters (NASDAQ:URBN).
Tue, May 3, 10:17 AM
- The broad automobile-related sector is slumping after the Detroit Three all post U.S. sales reports below expectations for April.
- Hertz Global (HTZ -7.1%) and Avis Budget (CAR -5.6%) in particular are being hit hard with Avis due to report earnings after the bell and some read-through on daily rentals from GM influencing trading.
- Retailers AutoNation (AN -2.5%), Asbury Automotive (ABG -3.3%), CarMax (KMX -1.9%), Lithia Motors (LAD -1.6%), and Group 1 Automotive (GPI -3.7%) are also lower.
Sun, Apr. 24, 6:13 PM
- via Credit Suisse, in order of # of small-cap funds who own the stock. Following the stock is the number of funds who own it, and the change vs. previous quarter:
- IDTI - Integrated Device Tech 96 | 14
- MSCC - Microsemi 86 | 10
- MANH - Manhattan Associates 85 | 5
- CBM - Cambrex 80 | 4
- EEFT - Euronet Worldwide 80 | 8
- POR - Portland General Electric 79 | 0
- EME - Emcore 78 | 6
- LAD - Lithia Motors 78 | 6
- AMSG - Amsurg 78 | 0
- JCOM - J2 Global 77 | 4
- PFPT - Proofpoint 77 | 4
- AHS - AMN Healthcare 74 | 2
- EXPR - Express Inc. 74 | 3
- ICUI - ICU Medical 73 | 0
- LGND - Ligand Pharma 73 | 6
- PVTB - Privatebancorp 73 | -2
- PRXL - Parexel 72 | 5
- AEL - Americal Equity Investment Life 71 | 3
- TYL - Tyler Technologies 71 | 7
- CRZO - Carrizo Oil & Gas 69 | 3
- MENT - Mentor Graphics 69 | -9
- MNRO - Monro Muffler Brake 68 | 0
- WAL - Western Alliance Bancorp 68 | 8
- AEO - American Eagle Outfitters 67 | 0
- LOGM - Logmein 67 | -1
- OZRK - Bank of the Ozarks 67 | 5
- SHOO - Steven Madden 67 | -10
- STE - Steris 67 | 20
- WNC - Wabash National 67 | -1
- Credit Suisse recommends reducing exposure in small-cap "darlings" due to less opportunity for differentiation; historical underperformance; and outflows.
Thu, Apr. 21, 8:37 AM
- Lithia Motors (NYSE:LAD) reports total same-store sales rose 8% in Q1.
- New vehicle same store sales increased 6%.
- Used vehicle retail same store sales grew 12%.
- Service, body and parts same store sales +10%.
- Revenue breakdown: New vehicle retail: $1.1B (+8.8%); Used vehicle retail: $532.73M (+15.1%); Used vehicle wholesale: $65.15M (+4.7%); Finance and insurance: $77.64M (+20.2%); Service, body and parts: $196.68M (+13.4%); Fleet and other: $14.62M (-19.4%).
- Same store F&I per unit +$111 Y/Y to $1,292.
- Gross margin rate improved 20 bps to 15.5%.
- Adjusted SG&A expense rate +10 bps to 11%.
- Adjusted operating margin rate expanded 10 bps to 3.9%.
- Total retail units sold +9.8% Y/Y to 60,180 units.
- Q2 Guidance: Diluted EPS: $1.86 to $1.90.
- FY2016 Guidance: Total revenues: $8.5B to $8.6B; Same-store revenues: $5.7B to $5.9B; New vehicle sales: +4.5%; Used vehicle sales: +9.5%; Service body and parts sales: +7.5%; New vehicle gross margin: 5.8% to 6%; Used vehicle gross margin: 11.8% to 12%; Service body and parts gross margin: 48.8% to 49%; Tax rate: 39.5%; Diluted EPS: $7.30 to $7.50; Average diluted shares outstanding: 25.9M.
Thu, Apr. 21, 7:01 AM
Wed, Apr. 20, 5:30 PM
- ADS, ALK, AZZ, BANC, BBT, BHE, BIIB, BK, BX, CFG, CLS, COL, DAN, DGX, DHI, DHR, DOV, DST, ERIC, FAF, FCS, FITB, GM, GMT, HOMB, IMAX, JAKK, JCI, KCG, KEY, LAD, LAZ, LUV, MAN, MDSO, MDWD, NUE, NVR, NVS, PBCT, PHM, PII, POOL, PPG, PVTB, RS, SHW, SILC, SNA, SON, STC, SWK, SYNT, TCB, TRV, UA, UNP, USG, UTEK, VZ
Wed, Mar. 16, 10:23 AM
- The percentage of BMW (OTCPK:BAMXY) vehicles either leased or financed went to 46.3% in 2015 from a level of 41.8% just a year prior, observes Bloomberg Gadfly. A massive jump for a short time period.
- Though the company isn't suffering from some of the delinquency issues that are picking up in the automobile industry (see subprime concerns for lenders, auto retailers, and Detroit majors), there could be implications down the road as a glut of vehicles come off their leases.
- Across the industry, vehicle leasing as a percentage of sales rose to 32.3% in February vs. the average of 28% in 2015. That's a development that could add to pricing pressure down the road for high-end and mass market brands as a higher percentage of vehicles come off their leases.
- Related stocks: PAG, ABG, LAD, GPI, SAH, KMX, AN, RUSHA, OTCPK:DDAIF, TM, HMC, TSLA, TTM, OTCPK:VLKAY, GM, F.
Tue, Mar. 15, 10:53 AM
- There's sharp losses in the auto dealer sector today. The negative stance from investors could be a reaction to increasing concerns on subprime auto loans.
- Decliners: Penske Automotive (PAG -4.4%), Sonic Automotive (SAH -4%), Asbury Automotive (ABG -2.8%), CarMax (KMX -3.3%), Lithia Motors (LAD -3.6%), AutoNation (AN -3.7%), Group 1 Automotive (GPI -2.3%), Rush Enterprises (RUSHA -1.9%).
- Previously: Shades of subprime flash warning for auto sales (Mar. 14 2016)
- Previously: Subprime auto worry hits lenders (Mar. 15 2016)
Wed, Feb. 24, 1:38 PM
- Lithia Motors (LAD +6.6%) powers higher after posting strong Q4 results and issuing a positive outlook on demand for the full year.
- The strong report is helping to lift sentiment on peers Group 1 Automotive (GPI +3.7%), Asbury Automotive (ABG +3.3%), AutoNation (AN +1.3%), and Sonic Automotive (SAH +1.8%) as well.
- Previously: Lithia Motors beats by $0.10, misses on revenue (Feb. 24)
- Previously: More on Lithia Motors' Q4 (Feb. 24)
Wed, Feb. 24, 7:24 AM
- Lithia Motors (NYSE:LAD) reports total same-store sales rose 9% in Q4.
- New vehicle same store sales grew 7%.
- Used vehicle retail same store sales +12%.
- Revenue breakdown: New vehicle retail: $1.17B (+9%); Used vehicle retail: $469.4M (+14.6%); Used vehicle wholesale: $63.05M (+5.3%); Finance and insurance: $69.32M (+15.4%); Service, body and parts: $193.02M (+12%); Fleet and other: $30.59M (54.1%).
- Same store F&I per unit increased +$69 to $1,189.
- Gross margin rate +10 bps to 14.7%.
- Adjusted SG&A expense rate declined 20 bps to 10%.
- Adjusted operating margin rate improved 30 bps to 4.1%.
- Total retail units sold expanded 8.8% Y/Y to 58,360 units.
- Q1 Guidance: Diluted EPS: $1.47 to $1.51.
- FY2016 Guidance: Total revenues: $8.4B to $8.5B; Same-store revenues: $5.7B to $5.9B; New vehicle sales: +5.5%; Used vehicle sales: +6%; Service body and parts sales: +5%; New vehicle gross margin: 5.8% to 6%; Used vehicle gross margin: 12.4% to 12.6%; Service body and parts gross margin: 49% to 49.4%; Tax rate: 40%; Diluted EPS: $7.30 to $7.50; Average diluted shares outstanding: 26M.
Wed, Feb. 24, 6:59 AM
Tue, Feb. 23, 5:30 PM
Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles and its related services. It operates through the following segments: Domestic, Import, Luxury, and Corporate and Others. The Domestic segment comprises of retail automotive franchises that... More
Industry: Auto Dealerships
Country: United States
Other News & PR