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Stock Market & Financial Investment News

News Breaks
June 15, 2014
14:55 EDTLADLithia Motors to acquire DCH Auto Group
Lithia Motors and DCH Auto Group Limited have entered into a definitive agreement to combine their companies. In the transaction, Lithia will acquire 100% of the outstanding shares of DCH Auto Group , one of the 10 largest dealer groups in the country, for an estimated price of approximately $340M in cash and $22.5M, or approximately 300,000 shares of Lithia common stock. Upon closing, DCH's 27 stores, located in Southern California, New Jersey and New York, will be combined with Lithia's 101 stores in the Western United States. The DCH stores are estimated to generate approximately $2.3B in annualized revenue, and are expected to increase 2014 earnings per share by approximately 12c to 14c, excluding acquisition costs. On an annualized basis, the DCH stores are expected to increase earnings per share by 65c to 75c. The transaction is expected to be funded through the expansion of Lithia's existing credit facility by $600M, mortgage financing of $200M, and available cash flows from operations. It is targeted to close in Q414, and is subject to customary approval conditions. Lithia expects to incur pre-tax costs associated with the transaction of approximately 4c to 6c per share in 2014.
News For LAD From The Last 14 Days
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April 24, 2015
08:01 EDTLADLithia Motors price target raised to $120 from $105 at Stifel
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April 22, 2015
07:39 EDTLADLithia Motors raises Q2 dividend by 25% to 20c per share
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07:38 EDTLADLithia Motors sees FY15 EPS $6.20-$6.30, consensus $7.69B
Sees FY15 revenue $7.5B-$7.7B, consensus $7.69B. Sees FY15 new vehicle sales up 43.5%, used vehicle sales up 36.5%, and service body and parts sales up 40.5%. Sees FY15 new vehicle SSS up 7%, used vehicle SSS up 10.5%, and service body and parts SSS up 8.5%.
07:35 EDTLADLithia Motors sees Q2 EPS $1.55-$1.59, consensus $1.59
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07:34 EDTLADLithia Motors reports Q1 adjusted EPS $1.39, consensus $1.22
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April 21, 2015
15:28 EDTLADNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.

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