BlackRock Amends Lithia Motors Stake (SC 13G/A, Amend 15)
Ticker: LAD · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Lithia Motors, signaling institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Lithia Motors Inc. Class A Common Stock as of December 31, 2023. This filing, Amendment No. 15, indicates BlackRock's continued significant, but passive, stake in the auto dealer. For investors, this means a major institutional player maintains confidence in Lithia Motors, which can be a positive signal, though the exact change in their holding percentage isn't detailed in this snippet.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in Lithia Motors, signaling institutional confidence that can influence other investors and potentially support the stock price.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
A smart investor would note BlackRock's continued passive stake as a sign of stability, but would need to review the full filing to understand any changes in the percentage of ownership before making investment decisions.
Key Numbers
- 15 — Amendment Number (Indicates this is the fifteenth amendment to BlackRock's Schedule 13G filing for Lithia Motors Inc.)
- 005-49321 — SEC File Number (The SEC file number for Lithia Motors Inc.)
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Lithia Motors Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 536797103 (number) — the CUSIP number for Lithia Motors Inc. Class A Common Stock
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Lithia Motors Inc. (BlackRock, Inc.) — high confidence, target: Next 12 months
- Lithia Motors Inc. will remain an attractive investment for large institutional funds due to its market position. (Lithia Motors Inc.) — medium confidence, target: Next 12-24 months
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock, Inc. regarding its ownership in Lithia Motors Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Class A Common Stock of Lithia Motors Inc. is 536797103.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
What is the business address of the subject company, Lithia Motors Inc.?
The business address for Lithia Motors Inc. is 150 North Bartlett Street, Medford, OR 97501.
From the Filing
EDGAR Filing Documents for 0001086364-24-003188 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003188 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:48 Documents 1 Document Format Files Seq Description Document Type Size 1 us5367971034_012524.txt SC 13G/A 11871 Complete submission text file 0001086364-24-003188.txt 13672 Mailing Address 150 NORTH BARTLETT STREET MEDFORD OR 97501 Business Address 150 NORTH BARTLETT STREET MEDFORD OR 97501 541-776-6401 LITHIA MOTORS INC (Subject) CIK : 0001023128 (see all company filings) EIN. : 930572810 | State of Incorp.: OR | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-49321 | Film No.: 24560968 SIC : 5500 Retail-Auto Dealers & Gasoline Stations (CF Office: 07 Trade & Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)