Lithia Motors (LAD)

• Market cap: $8.56B
• 1 day: -2.89%
• 5 days: -1.94%
• 1 month: 11.05%
• 3 months: 1.53%
• 6 months: 11.88%
• Year to date: -4.21%
• 1 year: 23.73%
• 5 years: 37.01%
• 10 years: 207.13%
• 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 Q2 regulatory disclosures by fund managers ($100M+ AUM)

13% more capital invested

Capital invested by funds: $7.79B [Q1] → $8.82B (+$1.03B) [Q2]

2% less repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 168

5% less funds holding

Funds holding: 471 [Q1] → 448 (-23) [Q2]

7.94% less ownership

Funds ownership: 108.46% [Q1] → 100.52% (-7.94%) [Q2]

17% less call options, than puts

Call options by funds: $28M | Put options by funds: $33.6M

18% less funds holding in top 10

Funds holding in top 10: 11 [Q1] → 9 (-2) [Q2]

27% less first-time investments, than exits

New positions opened: 53 | Existing positions closed: 73

Research analyst outlook

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

• Low target: $315
• Avg. target: $363
• High target: $400

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

B of A Securities John Murphy	$385	Buy Maintained	10 Sep 2025
Jefferies Bret Jordan	$400	Buy Reinstated	4 Sep 2025
Guggenheim Ali Faghri	$380	Buy Maintained	11 Aug 2025
Citigroup Ronald Josey	$383	Buy Maintained	5 Aug 2025
JP Morgan Rajat Gupta	$315	Overweight Maintained	5 Aug 2025