|Bid||157.90 x 800|
|Ask||158.09 x 900|
|Day's Range||157.39 - 159.83|
|52 Week Range||67.90 - 165.27|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||14.04|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||1.20 (0.75%)|
|1y Target Est||168.09|
The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […]
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Ignore trade-related issues and invest in sound U.S. companies that have solid growth narratives backed by fundamental strength of the domestic economy.
The Zacks Analyst Blog Highlights: Lithia Motors, Universal Forest Products, Spark Energy, DICK'S Sporting Goods and Casey's General Stores
Net proceeds from Lithia Motors' (LAD) private offering will likely be spent on debt repayment, funding acquisitions and capital expenditures.
Lithia Motors, Inc. (LAD) today announced the pricing of its previously announced offer of $400 million in aggregate principal amount of its 4.625% senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Pending final application, all or a portion of the net proceeds of the Private Offering may be applied to reduce indebtedness, including under Lithia's new and used vehicle floor plan facilities. The Notes will be offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.
Medford-based auto dealer Lithia Motors Inc. plans to raise $400 million through a private offering, the company said in regulatory filings. The offering will be available to qualified institutional investors. The proceeds from the offering will be used to repay debt from an existing revolving credit facility as well as general corporate purposes such as acquisitions, capital expenditures, and other debt repayment, the company said.
Moody's Investors Service, Inc. ("Moody's") today rated Lithia Motors, Inc's "(Lithia") proposed $400 million senior unsecured notes Ba2. "The proposed new notes will be used to refinance around $70 million in debt, with the balance available for reinvestment in the business, including future potential acquisitions, and are initially leverage neutral from an RCF/net debt basis, with debt/EBITDA minimally impacted," stated Moody's Vice President Charlie O'Shea.
Lithia Motors, Inc. (LAD) today announced that we intend to offer, subject to market and other conditions, $400 million in aggregate principal amount of senior notes due 2027 (the "Notes") in a private offering (the "Private Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Lithia intends to use the net proceeds of the Private Offering to repay all amounts then outstanding under the revolving line of credit under its credit facility and the remainder for general corporate purposes, which may include funding acquisitions, capital expenditures and other debt repayment. Pending final application, the net proceeds of the offering may be applied to reduce indebtedness, including under Lithia’s new and used vehicle floor plan facilities.
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