Tearsheet

Lamar Advertising (LAMR)


Market Price (4/8/2026): $132.0 | Market Cap: $13.4 Bil
Sector: Real Estate | Industry: Other Specialized REITs

Lamar Advertising (LAMR)


Market Price (4/8/2026): $132.0
Market Cap: $13.4 Bil
Sector: Real Estate
Industry: Other Specialized REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%

Attractive yield
FCF Yield is 5.2%

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Out-of-Home Media Evolution. Themes include Digital Out-of-Home Advertising, and Programmatic OOH.

Weak multi-year price returns
2Y Excs Rtn is -3.5%, 3Y Excs Rtn is -9.1%

Key risks
LAMR key risks include [1] the existential threat of autonomous vehicles rendering its core billboard assets ineffective, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%
1 Attractive yield
FCF Yield is 5.2%
2 Low stock price volatility
Vol 12M is 25%
3 Megatrend and thematic drivers
Megatrends include Out-of-Home Media Evolution. Themes include Digital Out-of-Home Advertising, and Programmatic OOH.
4 Weak multi-year price returns
2Y Excs Rtn is -3.5%, 3Y Excs Rtn is -9.1%
5 Key risks
LAMR key risks include [1] the existential threat of autonomous vehicles rendering its core billboard assets ineffective, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Lamar Advertising (LAMR) stock has gained about 5% since 12/31/2025 because of the following key factors:

1. Lamar Advertising's Q4 2025 earnings report presented a mixed financial picture, tempering significant stock movement.

The company reported quarterly net revenue of $595.93 million, exceeding the analyst consensus of $592.45 million. However, its quarterly EPS of $1.50 narrowly missed the analyst consensus estimate of $1.51. Additionally, operating cash flow decreased to $271.2 million from $279.3 million year-over-year, and free cash flow also declined to $187.1 million from $195.6 million year-over-year. These balanced results likely contributed to the stock's relative stability.

2. Optimistic 2026 guidance and positive analyst sentiment were offset by existing valuation concerns.

Lamar provided a robust outlook for fiscal 2026, projecting diluted AFFO per share between $8.50 and $8.70, and announced a planned dividend increase of approximately 3%, pushing the yield closer to 5%. This led analysts like TD Cowen to raise price targets, with the consensus average 12-month price target reaching $139.80, implying a 10.40% upside from the stock's price of $126.63. However, some analyses, such as InvestingPro's fair value assessment, suggested the stock might be overvalued at current levels, which likely capped substantial upward price appreciation.

Show more

Stock Movement Drivers

Fundamental Drivers

The 3.0% change in LAMR stock from 12/31/2025 to 4/7/2026 was primarily driven by a 34.4% change in the company's Net Income Margin (%).
(LTM values as of)123120254072026Change
Stock Price ($)125.07128.773.0%
Change Contribution By: 
Total Revenues ($ Mil)2,2502,2660.7%
Net Income Margin (%)19.3%25.9%34.4%
P/E Multiple29.222.2-23.9%
Shares Outstanding (Mil)101101-0.1%
Cumulative Contribution3.0%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/7/2026
ReturnCorrelation
LAMR3.0% 
Market (SPY)-5.4%42.2%
Sector (XLRE)3.4%56.9%

Fundamental Drivers

The 8.0% change in LAMR stock from 9/30/2025 to 4/7/2026 was primarily driven by a 31.4% change in the company's Net Income Margin (%).
(LTM values as of)93020254072026Change
Stock Price ($)119.25128.778.0%
Change Contribution By: 
Total Revenues ($ Mil)2,2282,2661.7%
Net Income Margin (%)19.7%25.9%31.4%
P/E Multiple27.522.2-19.2%
Shares Outstanding (Mil)1011010.0%
Cumulative Contribution8.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/7/2026
ReturnCorrelation
LAMR8.0% 
Market (SPY)-2.9%27.4%
Sector (XLRE)0.1%56.4%

Fundamental Drivers

The 19.2% change in LAMR stock from 3/31/2025 to 4/7/2026 was primarily driven by a 58.0% change in the company's Net Income Margin (%).
(LTM values as of)33120254072026Change
Stock Price ($)108.04128.7719.2%
Change Contribution By: 
Total Revenues ($ Mil)2,2072,2662.7%
Net Income Margin (%)16.4%25.9%58.0%
P/E Multiple30.622.2-27.3%
Shares Outstanding (Mil)1021011.1%
Cumulative Contribution19.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/7/2026
ReturnCorrelation
LAMR19.2% 
Market (SPY)16.3%61.7%
Sector (XLRE)2.5%67.0%

Fundamental Drivers

The 49.9% change in LAMR stock from 3/31/2023 to 4/7/2026 was primarily driven by a 20.0% change in the company's Net Income Margin (%).
(LTM values as of)33120234072026Change
Stock Price ($)85.90128.7749.9%
Change Contribution By: 
Total Revenues ($ Mil)2,0322,26611.5%
Net Income Margin (%)21.6%25.9%20.0%
P/E Multiple19.922.211.5%
Shares Outstanding (Mil)1021010.4%
Cumulative Contribution49.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/7/2026
ReturnCorrelation
LAMR49.9% 
Market (SPY)63.3%55.9%
Sector (XLRE)22.9%61.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LAMR Return51%-18%19%20%10%2%98%
Peers Return48%-37%8%2%30%8%45%
S&P 500 Return27%-19%24%23%16%-3%76%

Monthly Win Rates [3]
LAMR Win Rate75%33%42%67%58%75% 
Peers Win Rate67%42%42%42%50%58% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
LAMR Max Drawdown-5%-29%-13%-5%-15%-2% 
Peers Max Drawdown-12%-49%-32%-19%-28%-6% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: OUT, CCO, BOC. See LAMR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/7/2026 (YTD)

How Low Can It Go

Unique KeyEventLAMRS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-32.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven48.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven696 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-66.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven197.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven357 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-20.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven26.2%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven165 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-92.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1192.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,864 days1,480 days

Compare to OUT, CCO, BOC

In The Past

Lamar Advertising's stock fell -32.6% during the 2022 Inflation Shock from a high on 12/30/2021. A -32.6% loss requires a 48.3% gain to breakeven.

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About Lamar Advertising (LAMR)

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.

AI Analysis | Feedback

Here are 1-2 brief analogies for Lamar Advertising:

  • Lamar Advertising is like American Tower for billboards.
  • Lamar Advertising is like Google Ads for the real world.

AI Analysis | Feedback

  • Billboard Advertising: Provides advertising space on a vast network of traditional and digital billboards across various locations.
  • Interstate Logo Advertising: Offers advertising placements on signs and structures strategically located along interstate highways.
  • Transit Advertising: Supplies advertising opportunities on public transportation vehicles and at transit shelters.
  • Airport Advertising: Delivers advertising space within airport terminals and on airport properties.

AI Analysis | Feedback

Lamar Advertising (LAMR) sells advertising space primarily to other companies rather than individuals.

Due to the highly diversified nature of its business as an outdoor advertising provider, Lamar serves a vast number of local businesses and national brands across various industries. The company does not publicly disclose specific "major customers" by name, as its revenue is not concentrated in a few client relationships.

However, based on the company's own description, its customer base can be broadly categorized into the following types of businesses:

  • Local Businesses: These include a wide array of small and medium-sized enterprises (SMEs) operating in specific geographic areas who utilize Lamar's billboards, transit, and other outdoor advertising formats to reach local audiences.
  • National Brands: Large corporations and well-known brands that employ Lamar's extensive network of displays across the United States and Canada for broad-reach advertising campaigns. These brands span numerous sectors such as consumer goods, automotive, entertainment, retail, and more.

AI Analysis | Feedback

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AI Analysis | Feedback

Sean Reilly, President & Chief Executive Officer

Sean Reilly is the fourth generation of his family to work at Lamar Advertising, which was originally founded by his mother's grandfather in 1902. He joined Lamar in 1989, when it was a family-owned private business, focusing on acquisitions and real estate. Reilly served as President of TLC Properties and became Chief Operating Officer of Lamar in 2001, being promoted to Chief Executive Officer in 2011. Under his leadership, Lamar established the industry's first digital billboard network in 2001 and successfully converted to a real estate investment trust (REIT) in 2014. He previously served in the Louisiana Legislature as a State Representative from 1988 to 1996 and is a past Board Chair of the Outdoor Advertising Association of America.

Jay Johnson, Executive Vice President and Chief Financial Officer

Jay Johnson joined Lamar Advertising in October 2019. Before Lamar, he served as Executive Vice President and Chief Financial Officer of DiamondRock Hospitality Company, a lodging real estate investment trust (REIT). Prior to that, he was Senior Vice President and Treasurer at Host Hotels & Resorts, an S&P 500 company and the largest lodging REIT, where he managed over $14 billion in debt and equity capital transactions across 12 countries. His earlier career included roles in banking at KeyBank Real Estate Capital and Bank of America, as well as management consulting at Deloitte & Touche LLP, investment banking at Prudential Securities, and industrial markets trading at Enron Corporation. Johnson currently serves on the board of directors at SBA Communications Corporation and is a former director at Newell Brands.

Kevin Reilly, Jr., Executive Chairman

Kevin Reilly, Jr. serves as the Executive Chairman of Lamar Advertising. The company has a long history as a family-owned business, with Sean Reilly, the CEO, being the fourth generation to work there, indicating a deep-rooted family involvement in its leadership.

Ross Reilly, President, Outdoor Division

Ross Reilly was appointed President of Lamar Advertising's Outdoor Division, effective January 1, 2026. Prior to this role, he served as Vice President of Mergers and Acquisitions and Special Projects since 2019, where he was responsible for closing over $1.5 billion in out-of-home asset acquisitions. He also guided Lamar's programmatic sales strategy and spearheaded its investment in Vistar Media. Before joining Lamar in 2015, Ross co-founded and served as Chief Operating Officer of Joule Solar Energy, a large solar contractor on the Gulf Coast, and founded Solar O+M. He also serves on the board of directors for REV Broadband.

John Miller, Executive Vice President of Sales and Marketing

John Miller serves as Lamar Advertising's Executive Vice President of Sales and Marketing. In this capacity, he plays a key leadership role in the company's sales and marketing operations.

AI Analysis | Feedback

Here are the key risks to Lamar Advertising (LAMR):
  • Long-term Threat of Autonomous Vehicles: The eventual widespread adoption of self-driving cars poses an existential risk to billboard advertising. As drivers become less focused on the road, the effectiveness and attention-grabbing nature of billboards could significantly diminish over time.
  • Economic Sensitivity and Cyclical Advertising Spending: Lamar Advertising's financial performance is highly sensitive to general economic conditions and trends in advertising expenditures. During economic downturns, advertising budgets, particularly in the local segment which accounts for a significant portion of Lamar's revenue, are often among the first to be cut, leading to reduced revenue and occupancy rates.
  • High Indebtedness and Rising Interest Rates: As a Real Estate Investment Trust (REIT), Lamar Advertising maintains a significant level of debt. Rising interest rates directly increase the cost of borrowing, which in turn elevates the cost of capital for financing strategic acquisitions and the ongoing conversion to digital displays. This can limit financial flexibility and impact profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

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Lamar Advertising (Nasdaq: LAMR) operates in various segments of the out-of-home (OOH) advertising market across the United States and Canada. The addressable markets for their main products and services in North America are substantial, driven by both traditional and digital advertising formats.

Out-of-Home (OOH) Advertising Market

  • The North America Out-of-Home (OOH) and Digital Out-of-Home (DOOH) advertising market was estimated at approximately USD 11.22 billion in 2025 and is projected to reach USD 14.30 billion by 2030.
  • More specifically, the U.S. OOH advertising market alone reached USD 7.87 billion in 2024 and is expected to grow to USD 15.64 billion by 2032.

Billboard Advertising Market

This category includes both traditional static billboards and digital billboards, with Lamar operating one of the largest networks of digital billboards in the United States.

  • The North America billboard and outdoor advertising market is expected to reach approximately USD 27.05 billion by 2033.
  • In the U.S. specifically, the billboard and outdoor advertising market generated USD 10.23 billion in 2024 and is projected to grow to USD 16.55 billion by 2030.
  • The U.S. billboard and signs market, encompassing various types of displays, was valued at USD 14.8 billion in 2024 and is projected to reach USD 18.4 billion by 2032.
  • The North America digital out-of-home (DOOH) advertising market, where digital billboards are a significant component, was valued at USD 4.94 billion in 2025 and is anticipated to reach USD 11.22 billion by 2033.

Transit Advertising Market

Lamar offers transit advertising formats.

  • The North America transit advertising market was valued at approximately USD 10 billion in 2024 and is projected to grow to USD 13 billion by 2035.
  • The global transit advertising billboard and outdoor advertising market size was valued at approximately USD 3.96 billion in 2025 and is estimated to grow at a CAGR of 6.5% from 2025 to 2033. North America was the largest revenue-generating market in 2024 for the global transit and transportation digital out-of-home advertising.

Airport Advertising Market

Lamar also provides airport advertising formats.

  • The North America airport advertising market was valued at approximately USD 7.5 billion in 2026 and is projected to reach USD 17.8 billion by 2033.
  • Globally, the airport advertising market is estimated to be USD 8.3 billion in 2025 and is expected to reach USD 12.5 billion by 2032, with North America holding a 40-45% share of the global market.
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AI Analysis | Feedback

Lamar Advertising (Nasdaq: LAMR) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

  1. Continued Digital Billboard Expansion and Conversions: Lamar is actively investing in and deploying new digital displays, both through internal conversions of traditional billboards and new installations. This strategic initiative is a consistent focus, with plans to deploy a similar number of digital units in 2026. Digital billboards command higher advertising rates and offer greater flexibility to advertisers, directly contributing to increased revenue.
  2. Growth in Programmatic Advertising: The company has observed significant year-over-year growth in programmatic advertising revenue, with projections for continued expansion. Lamar aims to further integrate programmatic advertising for local customers, leveraging this data-driven approach to optimize ad placement and enhance revenue generation.
  3. Strategic "Tuck-in" Acquisitions: Lamar consistently pursues a disciplined acquisition strategy, acquiring local and regional out-of-home advertising operators. The company completed numerous acquisitions in 2025 and anticipates another active year for mergers and acquisitions in 2026, which expands its network of displays and its overall revenue base.
  4. Strength in Local and National Advertising Markets & Pricing Power: Lamar has demonstrated resilience in its local advertising business and expects continued growth in both local and national advertising spend. The company also anticipates that a significant portion of its revenue gains will come from rate increases, as it maintains high average annual occupancy rates for its displays.
  5. Political Advertising Cycles: Given that 2026 will be a midterm election year, Lamar anticipates a robust influx of political advertising spend. Election cycles historically provide a substantial boost to the company's revenue, making this a significant driver for the near term.

AI Analysis | Feedback

Share Repurchases

  • Lamar Advertising completed $150 million in stock repurchases under its program.
  • In May 2025, the board approved an increase of $150 million to the stock repurchase program, raising the total available for future repurchases to $250 million.
  • In February 2026, the overall size of the stock repurchase program was increased to $400 million, with $250 million remaining available for future repurchases, and extended through September 30, 2027.

Share Issuance

  • Lamar has an "At-the-Market" offering program that allows for the issuance and sale of up to $400.0 million in Class A common stock, although no shares were issued under this program in 2024.
  • In July 2025, Lamar LP issued 1,187,500 Common Units as consideration for the acquisition of Verde Outdoor assets.
  • LTIP Units were issued in 2022, 2023, 2024, and 2025 under Lamar's 1996 Equity Incentive Plan.

Outbound Investments

  • Lamar completed 24 acquisitions in 2024 for a total cash purchase price of approximately $45.4 million.
  • In 2025, Lamar completed 50 acquisitions for $191 million in cash and anticipates a similar level of acquisition spending in 2026.
  • In 2025, Lamar recorded a $68.6 million gain from the sale of its equity interest in Vistar Media, Inc.

Capital Expenditures

  • In 2024, Lamar invested $125.3 million in capital expenditures, with $60.7 million allocated to digital technology.
  • Capital expenditures for 2025 totaled $180.8 million.
  • Lamar projects total capital expenditures of approximately $195 million for 2026, with maintenance capital expenditures budgeted at $60 million, primarily focused on reinvestment in digital technology and digital billboard expansion.

Better Bets vs. Lamar Advertising (LAMR)

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LAMR_9302022_Dip_Buyer_FCFYield09302022LAMRLamar AdvertisingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
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LAMR_10312020_Dip_Buyer_FCFYield10312020LAMRLamar AdvertisingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
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62.0%88.3%0.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LAMROUTCCOBOCMedian
NameLamar Ad.Outfront.Clear Ch.Boston O. 
Mkt Price128.7727.492.3712.5620.02
Mkt Cap13.04.71.20.42.9
Rev LTM2,2661,8321,6041141,718
Op Inc LTM698311311-4311
FCF LTM68319932-10116
FCF 3Y Avg679192-55-1986
CFO LTM86430811518211
CFO 3Y Avg8402877518181

Growth & Margins

LAMROUTCCOBOCMedian
NameLamar Ad.Outfront.Clear Ch.Boston O. 
Rev Chg LTM2.7%0.0%6.6%5.6%4.2%
Rev Chg 3Y Avg3.7%1.1%0.3%12.2%2.4%
Rev Chg Q2.8%4.1%8.2%6.4%5.2%
QoQ Delta Rev Chg LTM0.7%1.1%2.2%1.6%1.3%
Op Mgn LTM30.8%17.0%19.4%-3.5%18.2%
Op Mgn 3Y Avg28.8%15.6%17.7%-6.6%16.6%
QoQ Delta Op Mgn LTM6.9%1.2%0.0%-0.6%0.6%
CFO/Rev LTM38.1%16.8%7.2%15.6%16.2%
CFO/Rev 3Y Avg38.3%15.7%4.9%17.3%16.5%
FCF/Rev LTM30.1%10.9%2.0%-8.8%6.4%
FCF/Rev 3Y Avg30.9%10.5%-3.9%-18.7%3.3%

Valuation

LAMROUTCCOBOCMedian
NameLamar Ad.Outfront.Clear Ch.Boston O. 
Mkt Cap13.04.71.20.42.9
P/S5.82.60.73.43.0
P/EBIT16.817.24.0-24.510.4
P/E22.231.959.1-31.727.0
P/CFO15.115.210.322.015.2
Total Yield4.5%5.4%1.7%-3.2%3.1%
Dividend Yield0.0%2.2%0.0%0.0%0.0%
FCF Yield 3Y Avg5.6%6.4%-7.3%-4.2%0.7%
D/E0.40.95.50.30.6
Net D/E0.40.95.30.10.6

Returns

LAMROUTCCOBOCMedian
NameLamar Ad.Outfront.Clear Ch.Boston O. 
1M Rtn-4.2%-4.0%0.0%-1.3%-2.7%
3M Rtn2.4%14.6%10.2%-1.1%6.3%
6M Rtn8.8%58.7%65.7%-3.5%33.8%
12M Rtn29.3%109.5%163.3%-10.9%69.4%
3Y Rtn52.8%119.2%127.9%-45.0%86.0%
1M Excs Rtn-2.4%-2.2%1.8%0.5%-0.8%
3M Excs Rtn8.8%19.5%15.9%4.4%12.4%
6M Excs Rtn8.8%56.5%61.6%-4.1%32.6%
12M Excs Rtn1.3%72.1%105.3%-35.9%36.7%
3Y Excs Rtn-9.1%56.0%48.3%-107.4%19.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Billboard1,9561,8781,8141,6141,403
Other251233   
Logo advertising  807883
Transit advertising  1389683
Total2,2072,1112,0321,7871,569


Operating Income by Segment
$ Mil20252024202320222021
Billboard1,0861,025   
Other5056   
Gain on disposition of assets65   
Capitalized contract fulfillment costs, net00   
Stock-based compensation expense-45-23   
Corporate expenses-103-95   
Depreciation and amortization-463-293   
Transaction expenses 0   
Total532675   


Price Behavior

Price Behavior
Market Price$128.77 
Market Cap ($ Bil)13.0 
First Trading Date08/02/1996 
Distance from 52W High-6.4% 
   50 Days200 Days
DMA Price$130.26$123.58
DMA Trendupup
Distance from DMA-1.1%4.2%
 3M1YR
Volatility19.1%24.7%
Downside Capture0.210.32
Upside Capture72.8666.43
Correlation (SPY)41.0%57.3%
LAMR Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.780.650.630.430.840.93
Up Beta0.560.731.060.461.041.09
Down Beta0.490.570.620.420.790.82
Up Capture76%85%68%50%58%69%
Bmk +ve Days7162765139424
Stock +ve Days9223365129398
Down Capture101%53%45%37%70%96%
Bmk -ve Days12233358110323
Stock -ve Days13203061121348

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LAMR
LAMR24.0%24.9%0.81-
Sector ETF (XLRE)5.1%16.1%0.1365.7%
Equity (SPY)21.3%18.3%0.9459.4%
Gold (GLD)51.9%28.0%1.492.8%
Commodities (DBC)20.3%17.2%1.0213.3%
Real Estate (VNQ)6.9%16.1%0.2369.8%
Bitcoin (BTCUSD)-17.5%44.0%-0.3119.9%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LAMR
LAMR11.9%26.5%0.43-
Sector ETF (XLRE)4.3%19.0%0.1366.3%
Equity (SPY)11.7%17.0%0.5364.3%
Gold (GLD)22.5%17.8%1.049.1%
Commodities (DBC)12.0%18.8%0.5216.4%
Real Estate (VNQ)3.4%18.8%0.0970.0%
Bitcoin (BTCUSD)3.1%56.5%0.2821.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LAMR
LAMR13.0%34.5%0.45-
Sector ETF (XLRE)6.2%20.4%0.2666.7%
Equity (SPY)13.9%17.9%0.6763.4%
Gold (GLD)13.9%15.9%0.732.9%
Commodities (DBC)8.4%17.6%0.4022.9%
Real Estate (VNQ)4.9%20.7%0.2070.8%
Bitcoin (BTCUSD)66.6%66.8%1.0616.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity4.6 Mil
Short Interest: % Change Since 228202614.5%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest8.7 days
Basic Shares Quantity101.3 Mil
Short % of Basic Shares4.6%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/20/20260.9%2.2%-5.1%
11/6/20251.2%8.1%11.0%
8/8/2025-7.4%-2.8%2.8%
5/8/2025-2.7%-2.3%2.2%
2/20/2025-7.3%-7.1%-13.8%
11/8/2024-4.7%-5.8%-2.5%
8/8/20242.2%3.6%7.5%
2/23/2024-2.4%-2.0%4.5%
...
SUMMARY STATS   
# Positive101313
# Negative1077
Median Positive2.2%3.9%7.5%
Median Negative-2.7%-2.8%-5.2%
Max Positive18.4%13.4%41.1%
Max Negative-7.4%-7.3%-13.8%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/20/202610-K
09/30/202511/06/202510-Q
06/30/202508/08/202510-Q
03/31/202505/08/202510-Q
12/31/202402/20/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/02/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/24/202310-K
09/30/202211/04/202210-Q
06/30/202208/03/202210-Q
03/31/202205/05/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Johnson, Jay LecoryelleCFO, Treasurer, EVPWestview Capital Partners, LLCSell8252025124.2215,300  Form
2Johnson, Jay LecoryelleCFO, Treasurer, EVPWestview Capital Partners, LLCSell8252025124.446,700833,748893,479Form
3Johnson, Jay LecoryelleCFO, Treasurer, EVPByWestview Capital Partners, LLCSell3062026137.561,260  Form
4Reilly, Ross LamarEVP, President, Outdoor DivDirectSell3252026128.655,969767,9122,039,102Form