LITHIA MOTORS INC (LAD) Has Repurchased Over 2.5 Million Shares So Far This Year
November 24, 2022
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Lithia Motors Stock Intrinsic Value – Lithia Motors ($NYSE:LAD) Inc. is one of the largest automotive dealership groups in the United States. Lithia has been aggressively repurchasing its own stock this year. So far, it has repurchased over 2.5 million shares, for an average price of $198 per share. The company has also expanded its share repurchase authorization by $450 million, bringing the total amount of funds available for future repurchases to approximately $500 million.
The company’s share repurchases are part of its ongoing effort to create shareholder value. Lithia believes that its stock is undervalued by the market and that repurchasing shares is an efficient use of capital. Lithia’s share repurchases have been well received by analysts and investors.
Market Price
On Tuesday, LITHIA MOTORS stock opened at $208.0 and closed at $210.9, a 6.5% increase from its previous closing price of 198.2. Analysts believe that the company’s share repurchases are a sign of confidence in its long-term prospects. The move comes as Lithia Motors prepares to release its fourth quarter and full-year results later this month. Lithia Motors is one of the largest automotive retailers in the United States. The company has a strong presence in the West and Southwest regions of the country.
The company’s strong financial performance has allowed it to return cash to shareholders through share repurchases and dividends. With its share repurchases and dividend payments, Lithia Motors is signaling its confidence in the future. The company is well-positioned to continue its growth in the years ahead. Live Quote…
About the Company
VI Analysis – Lithia Motors Stock Intrinsic Value
Lithia Motors is an American automotive retailer that sells, finances, and services vehicles. The company operates through three segments: Domestic, Import, and Luxury. The company’s fundamentals reflect its long term potential. The intrinsic value of Lithia Motors share is around $396.8, calculated by VI Line. Now Lithia Motors stock is traded at $210.9, undervalued by 47%. More…
VI Peers
Lithia Motors Inc, AutoNation Inc, Group 1 Automotive Inc, and Penske Automotive Group Inc are all leading automotive retailers. They each have a large network of dealerships and offer a wide range of vehicles. These companies compete in terms of price, selection, and customer service.
– AutoNation Inc ($NYSE:AN)
AutoNation is the largest automotive retailer in the United States. The company operates over 300 dealerships across the country, selling both new and used cars. AutoNation is also a leading provider of vehicle finance and insurance products. The company’s market cap is 5.47B as of 2022, and its ROE is 56.13%. AutoNation is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol AN.
– Group 1 Automotive Inc ($NYSE:GPI)
Group 1 Automotive Inc is a publicly traded automotive retailer that offers a range of automotive products and services, including new and used vehicles, financing, insurance, and parts and service. As of 2022, the company had a market capitalization of 2.53 billion and a return on equity of 32.9%. Group 1 Automotive is a leading provider of automotive products and services in the United States, with over 100 dealerships across the country. The company offers a wide variety of vehicles, including sedans, SUVs, trucks, and vans. In addition to selling vehicles, Group 1 Automotive also provides financing, insurance, and parts and service. The company has a strong reputation for customer service and is committed to providing a positive experience for all of its customers.
– Penske Automotive Group Inc ($NYSE:PAG)
Penske Automotive Group Inc is an American automotive retailer with a market cap of 7.28B as of 2022 and a ROE of 29.75%. The company operates in the United States, United Kingdom, and Australia. It sells and services vehicles through its dealerships.
Summary
If you’re looking for a company that’s been repurchasing its own shares aggressively, Lithia Motors is a name you might want to consider. So far this year, the company has bought back over 2.5 million of its own shares. The company is currently benefiting from positive media exposure and its stock price has been moving up as a result. While there’s no guarantee that this positive momentum will continue, Lithia Motors is definitely a company worth keeping an eye on.
