Lithia Motors Inc Stock Research

Market Summary

USD215.12+2.74

Market Closed

1.29%

LAD Stock Price

LAD RSI Chart

LAD Valuation

Market Cap

5.8B

Price/Earnings (Trailing)

4.63

Price/Sales (Trailing)

0.21

EV/EBITDA

5.31

Price/Free Cashflow

-6.35

LAD Price/Sales (Trailing)

LAD Profitability

EBT Margin

6.14%

Return on Equity

24.03%

Return on Assets

8.34%

Free Cashflow Yield

-15.76%

LAD Fundamentals

LAD Revenue

Revenue (TTM)

28.2B

Revenue Y/Y

10.1%

Revenue Q/Q

-4.79%

LAD Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-14.94%

Earnings Q/Q

-24.88%

Price Action

52 Week Range

180.00332.35

(Low)(High)

Last 7 days

1.9%

Last 30 days

-15.9%

Last 90 days

7.5%

Trailing 12 Months

-32.8%

LAD Financial Health

Current Ratio

1.46

Debt/Equity

Debt/Cashflow

-0.12

LAD Investor Care

Dividend Yield

0.76%

Dividend/Share (TTM)

1.61

Buy Backs (1Y)

9.24%

Diluted EPS (TTM)

44.17

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	285.8B	157.4B	-4.50%	-7.08%	16.71	1.82	4.13%	4.09%
ORLY	51.1B	14.4B	-1.54%	16.45%	23.51	3.54	8.12%	0.37%
AZO	45.0B	16.6B	-6.77%	16.83%	18.65	2.72	9.40%	5.72%
KMX	9.2B	31.6B	-14.13%	-40.09%	16	0.29	7.73%	-52.09%
MID-CAP
PAG	9.4B	27.8B	-6.59%	33.36%	6.78	0.34	8.84%	16.18%
AAP	6.8B	11.2B	-17.36%	-46.31%	13.55	0.61	1.43%	-18.54%
AN	6.0B	27.0B	-8.50%	13.69%	4.37	0.22	4.41%	0.32%
MUSA	5.8B	23.4B	-5.33%	28.79%	8.64	0.25	35.05%	69.54%
LAD	5.8B	28.2B	-15.90%	-32.78%	4.63	0.21	23.46%	18.01%
ABG	4.4B	15.4B	-10.26%	14.97%	4.4	0.28	66.05%	78.54%
SMALL-CAP
TA	1.3B	10.8B	2.64%	96.64%	7.97	0.12	47.82%	180.33%
CWH	835.1M	7.0B	-17.01%	-31.09%	6.1	0.12	0.77%	-50.82%
CRMT	469.4M	1.3B	-10.51%	-9.09%	7.54	0.35	25.02%	-44.81%
LAZY	128.6M	1.3B	-1.45%	-40.51%	1.94	0.1	7.44%	-19.05%
LMPX	92.2M	-	64.08%	-52.53%	1.2K	0.29	-	-

Financials for Lithia Motors

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.3%	28,188	27,551	26,425	25,194	22,832
Gross Profit	-0.7%	5,152	5,187	5,062	4,822	4,259
S&GA Expenses	2.2%	3,044	2,980	2,904	2,757	2,481
EBITDA	-4.5%	2,022	2,119	2,063	1,998	-
EBITDA Margin	-6.7%	0.07*	0.08*	0.08*	0.08*	-
Earnings Before Taxes	-5.2%	1,730	1,826	1,792	1,743	1,485
EBT Margin	-7.4%	0.06*	0.07*	0.07*	0.07*	-
Interest Expenses	-6.4%	129	138	116	110	103
Net Income	-3.3%	1,251	1,294	1,273	1,246	1,060
Net Income Margin	-5.5%	0.04*	0.05*	0.05*	0.05*	-
Free Cahsflow	8.5%	-913	-998	-20.90	1,053	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	6.6%	15,007	14,075	13,008	12,081	11,147
Current Assets	-1.1%	4,631	4,682	4,162	3,885	3,310
Cash Equivalents	57.2%	272	173	64.00	132	179
Inventory	3.0%	3,409	3,309	2,985	2,697	2,386
Goodwill	-0.2%	1,461	1,463	1,238	1,019	977
Liabilities	7.8%	9,756	9,046	8,270	7,138	6,484
Current Liabilities	12.4%	3,178	2,827	2,614	2,825	2,403
Long Term Debt	10.6%	5,222	4,722	3,395	3,186	-
Shareholder's Equity	4.5%	5,206	4,984	4,698	4,908	4,626
Retained Earnings	6.2%	4,065	3,829	3,511	3,191	2,860
Additional Paid-In Capital	11.3%	77.00	69.00	62.00	52.00	58.00
Accumulated Depreciation	-	423	-	-	-	-
Shares Outstanding	-0.7%	27.00	28.00	28.00	29.00	30.00
Minority Interest	5.0%	4.00	4.00	6.00	3.00	3.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	15.5%	-610	-722	263	1,324	1,797
Share Based Compensation	0.7%	41.00	41.00	41.00	37.00	35.00
Cashflow From Investing	1.1%	-1,329	-1,344	-1,852	-2,804	-2,890
Cashflow From Financing	-5.6%	2,036	2,156	913	1,466	1,107
Dividend Payments	1.8%	45.00	44.00	44.00	41.00	39.00
Buy Backs	-19.9%	688	859	838	276	231

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

49.6%

Probability that Lithia Motors stock will be more than 30% underwater in next one year.

34.2%

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

Returns for LAD

Cumulative Returns on LAD

17.3%

10-Year Cumulative Returns

14.7%

7-Year Cumulative Returns

17.7%

5-Year Cumulative Returns

37.8%

3-Year Cumulative Returns

What are the long-term rolling returns for LAD?

FIve years rolling returns for Lithia Motors.

Annualized Returns

Which funds bought or sold LAD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-2.61	-267,942	3,523,370	0.03%
2023-03-17	American Portfolios Advisors	unchanged	-	-10,485	37,332	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-52.35	-7,009,310	5,843,690	0.01%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-8.84	-21,000	142,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-14.12	-328,398	1,494,600	-%
2023-02-24	NATIXIS	sold off	-100	-2,575,000	-	-%
2023-02-24	SRS Capital Advisors, Inc.	reduced	-50.00	-1,181	819	-%
2023-02-23	Portman Square Capital LLP	new	-	277,627	277,627	0.02%
2023-02-22	CVA Family Office, LLC	sold off	-100	-1,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-4.17	-89,000	939,000	0.01%

Latest Funds Activity

Are funds buying LAD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own LAD

No. of Funds

Lithia Motors News

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

LAD Fair Value

Lithia Motors fair value in different scenarios

The table shows the Fair Value estimates for Lithia Motors for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	920.64 327.97%	1191.86 454.04%	1895.29 781.04%	3267.63 1418.98%	5399.67 2410.07%
Current Inflation	846.01 293.27%	1078.81 401.49%	1678.58 680.30%	2844.03 1222.07%	4651.77 2062.41%
Very High Inflation	753.69 250.36%	941.77 337.79%	1422.42 561.22%	2351.84 993.27%	3790.15 1661.88%

Historical Lithia Motors Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Lithia Motors

View All Filings

Date Filed	Form Type	Document
Mar 20, 2023	4	Insider Trading
Mar 08, 2023	DEF 14A	DEF 14A
Mar 08, 2023	DEFA14A	DEFA14A
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Feb 24, 2023	10-K	Annual Report
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading

Latest Insider Trading transactions for LAD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-17	Roberts Kenneth E	gifted	-	-	-735	-
2023-03-01	DEBOER SIDNEY B	sold (taxes)	-11,483	255	-45.00	-
2023-03-01	Roberts Kenneth E	gifted	-	-	-133	-
2023-03-01	Roberts Kenneth E	gifted	-	-	133	-
2023-02-28	McIntyre Shauna	sold	-43,420	260	-167	-
2023-02-22	Hines George N	acquired	-	-	2,839	chief innovation&tech officer
2023-02-22	DEBOER BRYAN B	acquired	-	-	36,858	chief executive officer
2023-02-22	Hillier Scott	acquired	-	-	3,258	sr vice president, operations
2023-02-22	Stork David	acquired	-	-	1,858	chief administrative officer
2023-02-22	Miller Tina	acquired	-	-	5,210	chief financial officer

About Lithia Motors

Bryan B. DeBoer

www.lithia.com

21200

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.

LAD Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues	$ 28,187.8	$ 22,831.7	$ 13,126.5
Cost of sales:
Total cost of sales	23,035.4	18,572.7	10,902.2
Gross profit	5,152.4	4,259.0	2,224.3
Financing operations (loss) income	(4.0)	11.0	6.5
Asset impairments	0.0	1.9	7.9
Selling, general and administrative	3,044.1	2,480.8	1,437.9
Depreciation and amortization	163.2	124.8	92.3
Operating income	1,941.1	1,662.5	692.7
Floor plan interest expense	(38.8)	(22.3)	(34.4)
Other interest expense	(129.1)	(103.4)	(71.6)
Other (expense) income, net	(43.2)	(52.0)	61.8
Income before income taxes	1,730.0	1,484.8	648.5
Income tax provision	(468.4)	(422.1)	(178.2)
Net income	1,261.6	1,062.7	470.3
Net income attributable to non-controlling interests	(4.8)	(1.7)	0.0
Net income attributable to redeemable non-controlling interest	(5.8)	(0.9)	0.0
Net income attributable to Lithia Motors, Inc.	$ 1,251.0	$ 1,060.1	$ 470.3
Basic earnings per share attributable to Lithia Motors, Inc. (in dollars per share)	$ 44.38	$ 36.81	$ 19.74
Shares used in basic per share calculations (in shares)	28.2	28.8	23.8
Diluted earnings per share attributable to Lithia Motors, Inc. (in dollars per share)	$ 44.17	$ 36.54	$ 19.53
Shares used in diluted per share calculations (in shares)	28.3	29.0	24.1
Cash dividend paid per share (in dollars per share)	$ 1.61	$ 1.36	$ 1.22
New vehicle retail
Revenues:
Total revenues	$ 12,894.5	$ 11,197.7	$ 6,773.9
Cost of sales:
Total cost of sales	11,314.8	9,979.2	6,313.0
Used vehicle retail
Revenues:
Total revenues	9,425.0	7,255.3	3,998.4
Cost of sales:
Total cost of sales	8,599.6	6,428.6	3,552.4
Used vehicle wholesale
Revenues:
Total revenues	1,425.2	957.1	310.9
Cost of sales:
Total cost of sales	1,440.6	913.7	300.2
Finance and insurance
Revenues:
Total revenues	1,285.4	1,051.3	579.8
Service, body and parts
Revenues:
Total revenues	2,738.8	2,110.9	1,348.7
Cost of sales:
Total cost of sales	1,275.8	1,000.4	631.9
Fleet and other
Revenues:
Total revenues	418.9	259.4	114.8
Cost of sales:
Total cost of sales	$ 404.6	$ 250.8	$ 104.7

LAD Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and restricted cash	$ 246.7	$ 174.8
Accounts receivable, net of allowance for doubtful accounts of $3.1 and $3.7	813.1	685.5
Inventories, net	3,409.4	2,385.5
Other current assets	161.7	63.9
Total current assets	4,630.9	3,309.7
Property and equipment, net of accumulated depreciation of $526.8 and $422.6	3,574.6	3,052.6
Operating lease right-of-use assets	381.9	395.9
Finance receivables, net of allowance for estimated losses of $69.3 and $25.0	2,187.6	803.3
Goodwill	1,460.7	977.3
Franchise value	1,856.2	799.1
Other non-current assets	914.7	1,809.0
Total assets	15,006.6	11,146.9
Current liabilities:
Floor plan notes payable	627.2	354.2
Floor plan notes payable: non-trade	1,489.4	835.9
Current maturities of long-term debt	20.5	223.7
Trade payables	258.4	235.4
Accrued liabilities	782.7	753.6
Total current liabilities	3,178.2	2,402.8
Deferred revenue	226.7	191.2
Deferred income taxes	286.3	191.0
Non-current operating lease liabilities	346.6	361.7
Other long-term liabilities	207.2	151.3
Total liabilities	9,755.5	6,483.7
Redeemable non-controlling interest	40.7	34.0
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 27.3 and 29.5	1,082.1	1,711.6
Additional paid-in capital	76.8	58.3
Accumulated other comprehensive loss	(18.0)	(3.0)
Retained earnings	4,065.3	2,859.5
Total stockholders’ equity - Lithia Motors, Inc.	5,206.2	4,626.4
Non-controlling interest	4.2	2.8
Total equity	5,210.4	4,629.2
Total liabilities, redeemable non-controlling interest and equity	15,006.6	11,146.9
Long-term debt excluding notes payable
Current liabilities:
Current maturities of long-term debt	20.5	223.7
Long-term debt, less current maturities	5,088.3	2,868.1
Notes payable
Current liabilities:
Long-term debt, less current maturities	$ 422.2	$ 317.6