Lithia Motors Accelerates Southeast Growth: Acquisitions To Generate Over $240M Annually
Lithia Motors Accelerates Southeast Growth: Acquisitions To Generate Over $240M Annually
Lithia Motors, Inc. (NYSE:LAD) shares are trading lower today. The company revealed its expansion in the U.S. Southeast Region through the purchase of stores that are expected to generate over $240 million in annualized revenue.
利西亞車行股票(NYSE:LAD)今天交易下跌。公司通過購買門店來擴展美國東南地區，預計將產生超過2.4億美元的年營業收入。
In particular, the company purchased Sunrise Chevrolet Buick GMC in Collierville and Sunrise Buick GMC in Wolfchase, both in Memphis, Tennessee, and Woodbridge Hyundai in Greater Toronto.
特別是，公司收購了田納西州孔利維利市的Sunrise Chevrolet Buick GMC和Wolfchase的Sunrise Buick GMC以及大多倫多的Woodbridge Hyundai。
The prominent Sunrise stores in Tennessee represent Lithia Motors' entrance into the Memphis market, enhancing its footprint in the nation's most lucrative region.
田納西州的重要Sunrise門店代表了利西亞車行進入孟菲斯市場，加強了其在美國最賺錢地區的市場份額。
Additionally, the Woodbridge Hyundai site will utilize an existing owned facility, paving the way for solid returns.
此外，Woodbridge Hyundai的場地將利用現有的自有設施，爲實現可觀的回報鋪平道路。
With these additions, the company's total year-to-date expected annualized revenue from acquisitions surpasses $5.6 billion. The company financed these acquisitions through existing on-balance sheet capacity.
隨着這些收購的加入，公司預期今年的預期年化營業收入總額將超過56億美元。公司通過現有的資產負債表容量來融資這些收購。
Recently, Lithia & Driveway unveiled a $350 million augmentation to its share repurchase authorization sanctioned by its Board of Directors, which raises the total funds allocated for future repurchases to about $660 million.
最近，利西亞車行(Driveway)董事會授權推出3.5億美元的股票回購計劃，將未來回購的總資金分配到約6.6億美元。
Investors can gain exposure to the stock via Invesco S&P Midcap 400 Pure Value ETF (NYSE:RFV) and Invesco S&P MidCap Value With Momentum ETF (NYSE:XMVM).
投資者可以通過英富時純價值中盤400ETF (NYSE:RFV)和英富時中盤有動力價值ETF (NYSE:XMVM)股票獲得該股的份額。
Price Action: LAD shares are down 1.15% at $256.885 at the last check Tuesday.
價格行動：截至本週二，利西亞車行(LAD)的股價下跌1.15%，爲256.885美元。
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譯文內容由第三人軟體翻譯。