Market Summary
USD293.43-8.08
Market Closed-2.68%
LAD Alerts
LAD Stock Price
LAD RSI Chart
LAD Valuation
LAD Price/Sales (Trailing)
LAD Profitability
LAD Fundamentals
LAD Revenue
LAD Earnings
Price Action
52 Week Range
179.64329.00
(Low)(High)
Last 7 days
-0.2%
Last 30 days
-3.9%
Last 90 days
3.5%
Trailing 12 Months
30.0%
LAD Financial Health
LAD Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for LAD
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-30 | DEBOER SIDNEY B | sold | -1,552,970 | 310 | -5,000 | - |
2023-08-25 | McIntyre Shauna | sold | -49,036 | 299 | -164 | - |
2023-08-03 | DEBOER SIDNEY B | sold | -3,157,650 | 304 | -10,374 | - |
2023-08-03 | DEBOER BRYAN B | sold | -1,801,450 | 302 | -5,962 | chief executive officer |
2023-08-03 | DEBOER BRYAN B | sold | -2,986,610 | 302 | -9,863 | chief executive officer |
2023-08-01 | Roberts Kenneth E | gifted | - | - | 195 | - |
2023-08-01 | Roberts Kenneth E | gifted | - | - | -195 | - |
2023-08-01 | DEBOER SIDNEY B | sold (taxes) | -20,495 | 310 | -66.00 | - |
2023-07-31 | DEBOER BRYAN B | sold | -5,347,610 | 309 | -17,281 | chief executive officer |
2023-07-31 | Miller Tina | sold | -620,000 | 310 | -2,000 | chief financial officer |
Which funds bought or sold LAD recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 241 | 30,395,000 | 38,975,000 | 0.03% |
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | sold off | -100 | -5,142,680 | - | -% |
2023-09-12 | Farther Finance Advisors, LLC | new | - | 608 | 608 | -% |
2023-08-30 | COOPERMAN LEON G | added | 1.03 | 32,172,000 | 126,206,000 | 6.84% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -45.68 | -94,740 | 255,260 | -% |
2023-08-22 | Hook Mill Capital Partners, LP | new | - | 4,575,640 | 4,575,640 | 2.73% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.5 | 2,325,410 | 10,202,000 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 10.23 | 469,000 | 1,481,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -2.74 | 313,159 | 1,383,470 | -% |
2023-08-18 | Legato Capital Management LLC | unchanged | - | 326,807 | 1,321,970 | 0.18% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
LAD Alerts
Schedule 13G FIlings of Lithia Motors
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 15, 2023 | barrow hanley mewhinney & strauss llc | 5.05% | 1,381,848 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 10.21% | 2,792,188 | SC 13G/A | |
| Jan 25, 2023 | blackrock inc. | 8.9% | 2,434,559 | SC 13G/A | |
| Mar 09, 2022 | vanguard group inc | 10.03% | 2,957,990 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.8% | 2,673,130 | SC 13G/A | |
| Feb 12, 2021 | abrams capital management, l.p. | 7.43% | - | SC 13G/A | |
| Feb 12, 2021 | dimensional fund advisors lp | 4.7% | 1,223,396 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.76% | 2,287,428 | SC 13G/A | |
| Jan 27, 2021 | blackrock inc. | 11.6% | 3,037,362 | SC 13G/A | |
| Feb 14, 2020 | park west asset management llc | 0.0% | 0 | SC 13G/A |
Recent SEC filings of Lithia Motors
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 31, 2023 | 4 | Insider Trading | |
| Aug 28, 2023 | 4 | Insider Trading | |
| Aug 24, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 04, 2023 | 10-Q | Quarterly Report | |
| Aug 03, 2023 | 4/A | Insider Trading | |
| Aug 03, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Aug 03, 2023 | 4 | Insider Trading | |
| Aug 03, 2023 | 4 | Insider Trading |
Peers (Alternatives to Lithia Motors)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
HD | 306.0B | 154.9B | -6.24% | 15.11% | 18.85 | 1.98 | -0.23% | -3.86% |
ORLY | 56.5B | 15.2B | -1.18% | 34.96% | 25.04 | 3.71 | 10.79% | 5.71% |
AZO | 47.3B | 17.1B | 3.85% | 23.41% | 19.11 | 2.76 | 8.20% | 2.84% |
KMX | 12.1B | 28.1B | -3.23% | -3.90% | 26.32 | 0.43 | -16.27% | -52.34% |
| MID-CAP | ||||||||
PAG | 10.7B | 28.7B | -4.67% | 54.86% | 8.68 | 0.37 | 7.74% | -12.15% |
LAD | 8.1B | 29.3B | -3.88% | 29.95% | 7.32 | 0.28 | 10.99% | -13.31% |
MUSA | 7.4B | 22.2B | 9.89% | 24.39% | 12.87 | 0.33 | 4.57% | 5.07% |
AN | 6.6B | 26.7B | -6.82% | 40.09% | 5.49 | 0.25 | 0.26% | -19.30% |
ABG | 4.7B | 14.9B | 0.33% | 49.76% | 4.98 | 0.31 | 8.81% | 19.77% |
AAP | 3.4B | 11.2B | -17.05% | -64.09% | 9.91 | 0.31 | 1.42% | -28.99% |
| SMALL-CAP | ||||||||
TA | 1.3B | 10.8B | -0.81% | 138.96% | 9.18 | 0.12 | 33.09% | 75.40% |
CWH | 903.1M | 6.5B | -22.08% | -21.80% | 6.59 | 0.13 | -8.44% | -86.10% |
CRMT | 572.7M | 1.4B | -15.98% | 33.97% | 28.03 | 0.41 | 17.56% | -78.50% |
LAZY | 106.7M | 1.2B | -32.18% | -40.22% | 11.18 | 0.09 | -15.08% | -91.16% |
Lithia Motors News
Returns for LAD
Cumulative Returns on LAD
16.1%
10-Year Cumulative Returns
19.0%
7-Year Cumulative Returns
28.2%
5-Year Cumulative Returns
9.1%
3-Year Cumulative Returns
Risks for LAD
What is the probability of a big loss on LAD?
87.3%
Probability that Lithia Motors stock will be more than 20% underwater in next one year
52.7%
Probability that Lithia Motors stock will be more than 30% underwater in next one year.
33.9%
Probability that Lithia Motors stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LAD drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Lithia Motors was unfortunately bought at previous high price.
Drawdowns
Financials for Lithia Motors
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 3.1% | 29,328 | 28,456 | 28,188 | 27,551 | 26,425 | 25,194 | 22,832 | 20,466 | 17,917 | 14,666 | 13,127 | 12,452 | 12,164 | 12,627 | 12,673 | 12,377 | 12,137 | 12,011 | 11,821 | 11,551 | 11,140 |
| Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,480 | 10,284 | 10,192 | 10,044 | 9,820 | 9,472 |
| Gross Profit | 0.7% | 5,120 | 5,086 | 5,152 | 5,187 | 5,062 | 4,822 | 4,259 | 3,663 | 3,125 | 2,479 | 2,224 | 2,076 | 1,935 | 1,964 | 1,954 | 1,897 | 1,852 | 1,820 | 1,777 | 1,731 | 1,668 |
| S&GA Expenses | 1.5% | 3,143 | 3,098 | 3,044 | 3,009 | 2,933 | 2,770 | 2,481 | 2,156 | 1,872 | 1,542 | 1,438 | 1,392 | 1,346 | 1,398 | 1,374 | 1,335 | 1,301 | 1,278 | 1,253 | 1,207 | 1,180 |
| EBITDA | -100.0% | - | 1,884 | 2,022 | 2,119 | 2,063 | 1,998 | 1,720 | 1,529 | 1,303 | 972 | 814 | 641 | 536 | 509 | 518 | 500 | 491 | 483 | 469 | 474 | 442 |
| EBITDA Margin | -100.0% | - | 0.07* | 0.07* | 0.08* | 0.08* | 0.08* | 0.08* | 0.07* | 0.07* | 0.07* | 0.06* | 0.05* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* |
| Interest Expenses | 11.8% | 148 | 132 | 129 | 128 | 106 | 106 | 103 | 101 | 89.00 | 78.00 | 72.00 | 66.00 | 64.00 | 62.00 | 61.00 | 60.00 | 61.00 | 59.00 | 56.00 | 52.00 | 47.00 |
| Earnings Before Taxes | -3.9% | 1,513 | 1,574 | 1,730 | 1,826 | 1,792 | 1,743 | 1,485 | 1,310 | 1,107 | 796 | 649 | 486 | 385 | 362 | 375 | 359 | 350 | 346 | 338 | 351 | 329 |
| EBT Margin | -100.0% | - | 0.06* | 0.06* | 0.07* | 0.07* | 0.07* | 0.07* | 0.06* | 0.06* | 0.05* | 0.05* | 0.04* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* | 0.03* |
| Net Income | -3.0% | 1,103 | 1,137 | 1,251 | 1,294 | 1,273 | 1,246 | 1,060 | 957 | 808 | 580 | 470 | 351 | 277 | 261 | 272 | 263 | 271 | 270 | 266 | 295 | 254 |
| Net Income Margin | -100.0% | - | 0.04* | 0.04* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.04* | 0.04* | 0.03* | 0.02* | 0.02* | 0.02* | 0.02* | 0.02* | 0.02* | 0.02* | 0.03* | 0.02* |
| Free Cashflow | 100.0% | - | -966 | -913 | -998 | -20.90 | 1,053 | 1,537 | 1,497 | 816 | 741 | 374 | 713 | 925 | 432 | 400 | 457 | 384 | 403 | 362 | 121 | 61.00 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 7.7% | 17,683 | 16,421 | 15,007 | 14,075 | 13,008 | 12,081 | 11,147 | 10,205 | 10,093 | 8,252 | 7,902 | 6,396 | 5,539 | 6,014 | 6,084 | 5,738 | 5,775 | 5,692 | 5,384 | 5,175 | 5,164 |
| Current Assets | 6.7% | 5,494 | 5,148 | 4,631 | 4,682 | 4,162 | 3,885 | 3,310 | 3,076 | 3,871 | 3,289 | 3,340 | 2,750 | 2,430 | 2,926 | 3,071 | 2,930 | 3,032 | 3,028 | 2,991 | 2,826 | 2,893 |
| Cash Equivalents | -29.4% | 229 | 325 | 272 | 173 | 117 | 165 | 179 | 138 | 781 | 170 | 163 | 57.00 | 120 | 57.00 | 84.00 | 27.00 | 45.00 | 45.00 | 32.00 | 31.00 | 30.00 |
| Inventory | 11.0% | 4,279 | 3,856 | 3,409 | 3,309 | 2,985 | 2,697 | 2,386 | 2,013 | 2,239 | 2,330 | 2,493 | 2,129 | 1,813 | 2,513 | 2,434 | 2,386 | 2,432 | 2,441 | 2,365 | 2,276 | 2,333 |
| Net PPE | - | - | - | - | - | - | - | - | 2,353 | 2,299 | 2,221 | 2,198 | 1,798 | 1,663 | 1,632 | 1,612 | 1,483 | 1,463 | 1,454 | 1,448 | 1,249 | 1,232 |
| Goodwill | 6.2% | 1,610 | 1,516 | 1,461 | 1,463 | 1,238 | 1,019 | 977 | 740 | 617 | 618 | 593 | 592 | 592 | 458 | 455 | 457 | 457 | 457 | 435 | 357 | 281 |
| Liabilities | 8.6% | 11,880 | 10,940 | 9,756 | 9,046 | 8,270 | 7,138 | 6,484 | 5,627 | 5,864 | 5,444 | 5,241 | 4,701 | 4,007 | 4,558 | 4,616 | 4,378 | 4,500 | 4,442 | 4,187 | 3,969 | 4,003 |
| Current Liabilities | 2.5% | 4,048 | 3,948 | 3,178 | 2,827 | 2,614 | 2,825 | 2,403 | 2,182 | 2,596 | 2,611 | 2,480 | 2,212 | 2,026 | 2,432 | 2,569 | 2,483 | 2,605 | 2,585 | 2,494 | 2,363 | 2,412 |
| Long Term Debt | - | - | - | - | 5,222 | 4,722 | 3,395 | 3,186 | 2,586 | 2,522 | 2,124 | 2,065 | 1,799 | 1,358 | 1,490 | 1,431 | 1,288 | 1,324 | 1,296 | 1,358 | 1,287 | 1,295 |
| Shareholder's Equity | 5.8% | 5,756 | 5,441 | 5,206 | 4,984 | 4,698 | 4,908 | 4,629 | 4,545 | 4,228 | 2,808 | 2,662 | 1,694 | 1,532 | 1,457 | 1,468 | 1,359 | 1,275 | 1,251 | 1,197 | 1,205 | 1,161 |
| Retained Earnings | 6.6% | 4,566 | 4,283 | 4,065 | 3,829 | 3,511 | 3,191 | 2,860 | 2,579 | 2,282 | 1,986 | 1,838 | 1,659 | 1,507 | 1,436 | 1,402 | 1,341 | 1,263 | 1,213 | 1,162 | 1,109 | 1,023 |
| Additional Paid-In Capital | 15.3% | 63.00 | 54.00 | 77.00 | 69.00 | 62.00 | 52.00 | 58.00 | 51.00 | 44.00 | 36.00 | 41.00 | 36.00 | 30.00 | 26.00 | 46.00 | 3.00 | - | 28.00 | 35.00 | 46.00 | 43.00 |
| Accumulated Depreciation | - | - | - | - | - | - | - | 423 | 400 | 376 | 356 | 338 | 326 | 309 | 299 | 284 | 272 | 263 | 250 | 241 | 229 | 219 |
| Shares Outstanding | 0% | 28.00 | 28.00 | 27.00 | 28.00 | 28.00 | 30.00 | 30.00 | 30.00 | 28.00 | 27.00 | 26.00 | 23.00 | 23.00 | 23.00 | - | 23.00 | 23.00 | 23.00 | - | 24.00 | 25.00 |
| Minority Interest | 13.9% | 4.00 | 4.00 | 4.00 | 4.00 | 6.00 | 3.00 | 3.00 | 2.00 | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 5.8% | -645 | -685 | -610 | -722 | 263 | 1,324 | 1,797 | 1,746 | 1,026 | 922 | 545 | 872 | 1,070 | 569 | 525 | 594 | 528 | 548 | 520 | 268 | 207 |
| Share Based Compensation | -6.0% | 37.00 | 40.00 | 41.00 | 41.00 | 41.00 | 37.00 | 35.00 | 32.00 | 30.00 | 26.00 | 23.00 | 22.00 | 19.00 | 18.00 | 16.00 | 15.00 | 14.00 | 13.00 | 13.00 | 13.00 | 13.00 |
| Cashflow From Investing | -11.6% | -1,547 | -1,386 | -1,329 | -1,344 | -1,852 | -2,804 | -2,890 | -3,440 | -3,259 | -1,930 | -1,605 | -991 | -520 | -546 | -463 | -242 | -215 | -218 | -557 | -587 | -864 |
| Cashflow From Financing | 3.1% | 2,300 | 2,230 | 2,036 | 2,156 | 913 | 1,466 | 1,107 | 1,790 | 2,905 | 1,127 | 1,140 | 150 | -474 | -11.40 | -9.10 | -356 | -297 | -353 | 12.00 | 313 | 657 |
| Dividend Payments | 4.3% | 48.00 | 46.00 | 45.00 | 44.00 | 44.00 | 41.00 | 39.00 | 36.00 | 33.00 | 30.00 | 29.00 | 28.00 | 28.00 | 28.00 | 28.00 | 27.00 | 28.00 | 28.00 | 28.00 | 28.00 | 27.00 |
| Buy Backs | -87.6% | 79.00 | 642 | 688 | 859 | 838 | 276 | 231 | 16.00 | 16.00 | 18.00 | 51.00 | 51.00 | 51.00 | 48.00 | 3.00 | 70.00 | 118 | 177 | 149 | 117 | 76.00 |
LAD Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues: | ||||
| Total revenues | $ 8,111.5 | $ 7,240.1 | $ 15,091.0 | $ 13,945.4 |
| Cost of sales: | ||||
| Total cost of sales | 6,726.4 | 5,889.4 | 12,494.7 | 11,316.5 |
| Gross profit | 1,385.1 | 1,350.7 | 2,596.3 | 2,628.9 |
| Financing operations (loss) income | (18.7) | 3.3 | (39.5) | 8.3 |
| Selling, general and administrative | 842.2 | 796.9 | 1,606.6 | 1,537.1 |
| Depreciation and amortization | 48.4 | 38.0 | 95.6 | 74.6 |
| Operating income | 475.8 | 519.1 | 854.6 | 1,025.5 |
| Floor plan interest expense | (34.7) | (3.8) | (62.3) | (8.7) |
| Other interest expense, net | (43.9) | (28.3) | (83.0) | (54.5) |
| Other income (expense), net | 9.8 | (18.8) | 12.0 | (24.3) |
| Income before income taxes | 407.0 | 468.2 | 721.3 | 938.0 |
| Income tax provision | (105.9) | (130.6) | (190.6) | (256.7) |
| Net income | 301.1 | 337.6 | 530.7 | 681.3 |
| Net income attributable to non-controlling interest | (1.8) | (3.8) | (2.5) | (4.4) |
| Net income attributable to redeemable non-controlling interest | (2.1) | (2.5) | (2.3) | (3.4) |
| Net income attributable to Lithia Motors, Inc. | $ 297.2 | $ 331.3 | $ 525.9 | $ 673.5 |
| Basic earnings per share attributable to Lithia Motors, Inc. (in dollars per share) | $ 10.79 | $ 11.67 | $ 19.11 | $ 23.25 |
| Shares used in basic per share calculations (in shares) | 27.5 | 28.4 | 27.5 | 29.0 |
| Diluted earnings per share attributable to Lithia Motors, Inc. (in dollars per share) | $ 10.78 | $ 11.60 | $ 19.08 | $ 23.15 |
| Shares used in diluted per share calculations (in shares) | 27.6 | 28.6 | 27.6 | 29.1 |
| Cash dividends paid per share (in dollars per share) | $ 0.50 | $ 0.42 | $ 0.92 | $ 0.77 |
| New vehicle retail | ||||
| Revenues: | ||||
| Total revenues | $ 4,014.7 | $ 3,250.7 | $ 7,293.6 | $ 6,312.4 |
| Cost of sales: | ||||
| Total cost of sales | 3,627.6 | 2,840.3 | 6,572.6 | 5,500.7 |
| Used vehicle retail | ||||
| Revenues: | ||||
| Total revenues | 2,455.1 | 2,496.7 | 4,682.6 | 4,731.2 |
| Cost of sales: | ||||
| Total cost of sales | 2,242.4 | 2,258.4 | 4,304.3 | 4,269.0 |
| Used vehicle wholesale | ||||
| Revenues: | ||||
| Total revenues | 403.9 | 382.4 | 766.3 | 768.3 |
| Cost of sales: | ||||
| Total cost of sales | 404.6 | 378.6 | 769.8 | 756.7 |
| Finance and insurance | ||||
| Revenues: | ||||
| Total revenues | 337.9 | 330.4 | 656.2 | 643.7 |
| Service, body and parts | ||||
| Revenues: | ||||
| Total revenues | 804.4 | 682.6 | 1,540.8 | 1,310.4 |
| Cost of sales: | ||||
| Total cost of sales | 360.5 | 319.1 | 702.5 | 617.9 |
| Fleet and other | ||||
| Revenues: | ||||
| Total revenues | 95.5 | 97.3 | 151.5 | 179.5 |
| Cost of sales: | ||||
| Total cost of sales | $ 91.3 | $ 93.0 | $ 145.5 | $ 172.1 |
LAD Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and restricted cash | $ 199.7 | $ 246.7 |
| Accounts receivable, net of allowance for doubtful accounts of $4.5 and $3.1 | 884.6 | 813.1 |
| Inventories, net | 4,278.9 | 3,409.4 |
| Other current assets | 130.8 | 161.7 |
| Total current assets | 5,494.0 | 4,630.9 |
| Property and equipment, net of accumulated depreciation of $655.8 and $526.8 | 3,907.5 | 3,574.6 |
| Operating lease right-of-use assets | 491.0 | 381.9 |
| Finance receivables, net of allowance for estimated losses of $97.1 and $69.3 | 2,882.4 | 2,187.6 |
| Goodwill | 1,610.2 | 1,460.7 |
| Franchise value | 2,016.2 | 1,856.2 |
| Other non-current assets | 1,281.4 | 914.7 |
| Total assets | 17,682.7 | 15,006.6 |
| Current liabilities: | ||
| Floor plan notes payable | 1,107.9 | 627.2 |
| Floor plan notes payable: non-trade | 1,708.8 | 1,489.4 |
| Trade payables | 297.7 | 258.4 |
| Accrued liabilities | 858.4 | 782.7 |
| Total current liabilities | 4,048.2 | 3,178.2 |
| Deferred revenue | 241.3 | 226.7 |
| Deferred income taxes | 308.0 | 286.3 |
| Non-current operating lease liabilities | 440.4 | 346.6 |
| Other long-term liabilities | 229.4 | 207.2 |
| Total liabilities | 11,880.0 | 9,755.5 |
| Redeemable non-controlling interest | 43.0 | 40.7 |
| Equity: | ||
| Preferred stock - no par value; authorized 15.0 shares; none outstanding | 0.0 | 0.0 |
| Common stock - no par value; authorized 125.0 shares; issued and outstanding 27.5 and 27.3 | 1,116.1 | 1,082.1 |
| Additional paid-in capital | 62.5 | 76.8 |
| Accumulated other comprehensive income (loss) | 11.2 | (18.0) |
| Retained earnings | 4,565.8 | 4,065.3 |
| Total stockholders’ equity - Lithia Motors, Inc. | 5,755.6 | 5,206.2 |
| Non-controlling interest | 4.1 | 4.2 |
| Total equity | 5,759.7 | 5,210.4 |
| Total liabilities, redeemable non-controlling interest and equity | 17,682.7 | 15,006.6 |
| Long-term debt | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 27.0 | 20.5 |
| Long-term debt, less current maturities | 5,414.0 | 5,088.3 |
| Non-recourse notes payable | ||
| Current liabilities: | ||
| Current maturities of long-term debt | 48.4 | 0.0 |
| Long-term debt, less current maturities | $ 1,198.7 | $ 422.2 |
Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names. As of February 18, 2022, the company operated through 278 stores. It also offers its products online through 300 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.