Lithia Motors
About: Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 50 brands of vehicles at nearly 500 stores globally across the US, Canada, and UK. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the US and we expect more deals over time in the US and, at times, abroad. Annual revenue in 2023 was $31 billion and we see over $50 billion possible in a few years. The US was 90% of 2023 revenue and the UK second at 6%, the latter should rise to around 20% with the 2024 Pendragon acquisition. In 2023, new-car sales were about 49% of total revenue. Lithia was founded in 1946, went public in 1996, and is the largest US auto dealer. It is based in Medford, Oregon.
Employees: 27,446
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
75% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 48
12% more capital invested
Capital invested by funds: $8.88B [Q3] → $9.93B (+$1.05B) [Q4]
7% more funds holding
Funds holding: 400 [Q3] → 426 (+26) [Q4]
4% more call options, than puts
Call options by funds: $43.5M | Put options by funds: $41.9M
0.42% less ownership
Funds ownership: 104.71% [Q3] → 104.3% (-0.42%) [Q4]
26% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 162
27% less funds holding in top 10
Funds holding in top 10: 11 [Q3] → 8 (-3) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Benchmark Michael Albanese 22% 1-year accuracy 5 / 23 met price target | 14%upside $400 | Buy Reiterated | 20 Feb 2025 |
JP Morgan Rajat Gupta 78% 1-year accuracy 29 / 37 met price target | 20%upside $420 | Overweight Maintained | 19 Feb 2025 |
Evercore ISI Group Douglas Dutton 33% 1-year accuracy 1 / 3 met price target | 26%upside $440 | Outperform Maintained | 18 Feb 2025 |
Wells Fargo Colin Langan 28% 1-year accuracy 10 / 36 met price target | 13%upside $397 | Equal-Weight Maintained | 13 Feb 2025 |
Benchmark Michael Ward 60% 1-year accuracy 12 / 20 met price target | 14%upside $400 | Buy Initiated | 8 Jan 2025 |
Financial journalist opinion
Based on 8 articles about LAD published over the past 30 days
