Lithia Motors (LAD)

• Market cap: $8.42B
• 1 day: -1.56%
• 5 days: 0.43%
• 1 month: -0.51%
• 3 months: 13.42%
• 6 months: -14.89%
• Year to date: -7.12%
• 1 year: 26.13%
• 5 years: 140.04%
• 10 years: 188.59%
• Sector: Consumer Discretionary
• Industry: Auto & Truck Dealerships

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 2024 was $36.2 billion and we see over $50 billion possible in a few years. The US was 78% of 2024 revenue and the UK second at 19%, due to the 2024 Pendragon acquisition. In 2024, new vehicle 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: 30,000

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

65% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 55

38% more funds holding in top 10

Funds holding in top 10: 8 [Q4 2024] → 11 (+3) [Q1 2025]

21% more repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 135

7% more funds holding

Funds holding: 438 [Q4 2024] → 467 (+29) [Q1 2025]

3.29% more ownership

Funds ownership: 105.14% [Q4 2024] → 108.42% (+3.29%) [Q1 2025]

22% less capital invested

Capital invested by funds: $10B [Q4 2024] → $7.78B (-$2.22B) [Q1 2025]

29% less call options, than puts

Call options by funds: $29.4M | Put options by funds: $41.6M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $305 6% downside
• Avg. target: $345 6% upside
• High target: $375 16% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Goldman Sachs Kate McShane	1% upside $328	Neutral Maintained	24 Apr 2025
Wells Fargo Colin Langan	6% downside $305	Equal-Weight Maintained	24 Apr 2025
Citigroup Ronald Josey	16% upside $375	Buy Upgraded	23 Apr 2025
Guggenheim Ronald Jewsikow	10% upside $356	Buy Maintained	22 Apr 2025
JP Morgan Rajat Gupta	11% upside $360	Overweight Maintained	27 Mar 2025