LAD Stock Summary and Trading Ideas (Lithia Motors | NYSE:LAD)

Lithia Motors is a retailer of new and used vehicles and related services. The company offers about 50 brands of vehicles at nearly 500 stores globally across the US, Canada, and UK. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the US and we expect more deals over time in the US and, at times, abroad. Annual revenue in 2023 was $31 billion and we see over $50 billion possible in a few years. The US was 90% of 2023 revenue and the UK second at 6%, the latter should rise significantly with the early 2024 Pendragon acquisition. In 2023, new-car sales were about 49% of total revenue. Lithia was founded in 1946, went public in 1996, and is the largest US auto dealer. It is based in Medford, Oregon.

Lithia Motors trades on the NYSE stock market under the symbol LAD.

As of April 19, 2024, LAD stock price climbed to $261.00 with 217,049 million shares trading.

LAD has a beta of 1.90, meaning it tends to be more sensitive to market movements. LAD has a correlation of 0.36 to the broad based SPY ETF.

LAD has a market cap of $7.18 billion. This is considered a Mid Cap stock.

Last quarter Lithia Motors reported $8 billion in Revenue and $8.24 earnings per share. This fell short of revenue expectation by $-276 million and met earnings estimates .

In the last 3 years, LAD stock traded as high as $406.43 and as low as $180.00.

The top ETF exchange traded funds that LAD belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

LAD has underperformed the market in the last year with a price return of +16.1% while the SPY ETF gained +21.2%. LAD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.5% and -5.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

LAD support price is $254.52 and resistance is $266.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LAD stock will trade within this expected range on the day.