Lithia Motors, Inc. is one of the largest providers of personal transportation solutions in the United States and is among the fastest growing companies in the Fortune 500 (#265-2019). Lithia is a growth company powered by people and innovation. By purchasing and building strong businesses that have yet to realize their potential, Lithia generates significant cash flows while maintaining low leverage. Operational excellence is achieved by refocusing the business on the consumer experience and by utilizing proprietary performance measurements to increase market share and profitability. Lithia's unique growth model reinvests to expand its nationwide network and to fund innovations that create personal transportation solutions wherever, whenever and however consumers desire.
Company profile
Ticker
LAD
Exchange
Website
CEO
Bryan DeBoer
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
797 Valley Street LLC • 6200 Centennial Center Holdco, LLC • 7150 West Sahara Holdco, LLC • 7200 West Sahara Property Holdco II, LLC • Ann Arbor-B, LLC • Ann Arbor-CC, LLC • Ann Arbor-CJD, LLC • Ann Arbor-M, LLC • Austin-H, Inc. • Austin-KI, Inc. ...
IRS number
930572810
LAD stock data
Analyst ratings and price targets
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
8 Mar 23
DEF 14A
Definitive proxy
8 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Lithia & Driveway (LAD) Increases Revenue 11% and Reports Diluted EPS of $9.00
15 Feb 23
8-K
Entry into a Material Definitive Agreement
4 Nov 22
8-K
Other Events
1 Nov 22
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Announces Dividend of $0.42 per Share for Third Quarter
19 Oct 22
8-K
Departure of Directors or Certain Officers
3 Oct 22
10-Q
2022 Q2
Quarterly report
28 Jul 22
Transcripts
LAD
Earnings call transcript
2022 Q4
15 Feb 23
LAD
Earnings call transcript
2022 Q3
19 Oct 22
LAD
Earnings call transcript
2022 Q2
20 Jul 22
LAD
Earnings call transcript
2022 Q1
20 Apr 22
LAD
Earnings call transcript
2021 Q4
9 Feb 22
LAD
Earnings call transcript
2021 Q3
20 Oct 21
LAD
Earnings call transcript
2021 Q2
21 Jul 21
LAD
Earnings call transcript
2021 Q2
21 Apr 21
LAD
Earnings call transcript
2020 Q4
3 Feb 21
LAD
Earnings call transcript
2020 Q3
21 Oct 20
Financial summary
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 271.50 mm | 271.50 mm | 271.50 mm | 271.50 mm | 271.50 mm | 271.50 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 30.87 mm | 50.84 mm |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 90.89 mm | 149.71 mm |
| Cash remaining | n/a | n/a | n/a | n/a | 180.61 mm | 121.79 mm |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 5.9 | 2.4 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 376 |
| Opened positions | 59 |
| Closed positions | 67 |
| Increased positions | 117 |
| Reduced positions | 138 |
| 13F shares | Current |
|---|---|
| Total value | 5.65 tn |
| Total shares | 30.47 mm |
| Total puts | 437.30 k |
| Total calls | 316.50 k |
| Total put/call ratio | 1.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 2.79 mm | $571.67 bn |
| BLK Blackrock | 2.43 mm | $498.47 bn |
| Abrams Capital Management | 2.35 mm | $481.36 bn |
| MFN Partners Management | 1.55 mm | $317.57 bn |
| MFN Partners | 1.55 mm | $287.93 mm |
| Barrow Hanley Mewhinney & Strauss | 1.38 mm | $282.92 bn |
| Harris Associates L P | 1.33 mm | $273.02 bn |
| Brave Warrior Advisors | 1.08 mm | $222.03 bn |
| Deboer Sidney B | 1.00 mm | $99.15 mm |
| STT State Street | 785.96 k | $160.92 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 Mar 23 | Roberts Kenneth E | Lithia Motors Inc Common Stock | Gift | Dispose G | Yes | No | 0 | 735 | 0.00 | 51,717 |
| 1 Mar 23 | Roberts Kenneth E | Lithia Motors Inc Common Stock | Gift | Acquire G | Yes | No | 0 | 133 | 0.00 | 52,452 |
| 1 Mar 23 | Roberts Kenneth E | Lithia Motors Inc Common Stock | Gift | Dispose G | No | No | 0 | 133 | 0.00 | 33,100 |
| 1 Mar 23 | Deboer Sidney B | Lithia Motors Inc Common Stock | Payment of exercise | Dispose F | No | No | 255.18 | 45 | 11.48 k | 36,646 |
| 28 Feb 23 | Shauna McIntyre | Lithia Motors Inc Common Stock | Sell | Dispose S | No | No | 260 | 167 | 43.42 k | 1,672 |
| 22 Feb 23 | Deboer Bryan B | Lithia Motors Inc Common Stock | Grant | Acquire A | No | No | 0 | 12,084 | 0.00 | 257,487 |
| 22 Feb 23 | Deboer Bryan B | Lithia Motors Inc Common Stock | Grant | Acquire A | No | No | 0 | 24,774 | 0.00 | 245,403 |
News
Lithia & Driveway Acquires Jardine Motors Group; Financial Terms Not Disclosed
16 Mar 23
Guggenheim Maintains Buy on Lithia Motors, Lowers Price Target to $332
16 Feb 23
Wells Fargo Maintains Equal-Weight on Lithia Motors, Raises Price Target to $262
16 Feb 23
Lithia Motors Q4 Earnings Miss Estimates
15 Feb 23
Earnings Scheduled For February 15, 2023
15 Feb 23