UP!

LAD $376.11

LAD target price
376.11
0
0
Lithia Motors
Type
Public
Traded as NYSE: LAD
S&P 600 Component
Industry auto retailing
Founded 1946, Ashland, Oregon
Headquarters Medford, Oregon,
United States
Key people
Bryan DeBoer, CEO
Products automobiles
Revenue Increase $8,678 million (FY 2016)
Operating income
Increase $338 million (FY 2016)
Net income
Increase $197 million (FY 2016)
Total assets Increase $3,844 million (FY 2016)
Total equity Increase $911 million (FY 2016)
Number of employees
13,000
Subsidiaries
  • DCH Auto Group
  • Carbone Auto Group
  • Baierl Auto Group
  • Downtown LA Auto Group
Website lithiamotors.com
Footnotes / references
Financial data.

Lithia Motors, Inc. is an American nationwide automotive retailer headquartered in Medford, Oregon. It is the fourth largest automotive retailer in the United States. In 2015, Lithia Motors broke into the Fortune 500 list at #482, making it one of only three Oregon-based companies in the Fortune 500. This followed a year that saw the acquisition of the DCH Auto Group, one of the 10 largest dealer groups in the country, with 27 dealerships, before being purchased by Lithia Motors. In 2016, Lithia climbed to #346 and that same year made the Fortune 500 List of Top Ten Companies with the biggest jump in rank on the Fortune 500. Today, Lithia is ranked #318 on the Fortune 500. Lithia employs more than 13,000 people in stores across the nation including Alaska and Hawaii. Lithia operates 160 stores in 18 states.

Lithia Motors began in 1946 when Walt DeBoer opened a single car dealership in Ashland, Oregon. In the first year the five person company sold 14 cars. In 1968, Walt's son, Sidney DeBoer, took over the business and incorporated Lithia Motors Inc. Sidney reorganized the business and in 1970 purchased a Dodge dealership in Medford. With this, Lithia’s base of operation moved to Medford and grew to a total of five stores with 19 franchises by 1990.

In December 1996, the company went public, trading on the New York Stock Exchange with an IPO of $11 per share. By 2003, Lithia had revenues of $2.5 billion from its 84 dealerships while employing just over 5,500 people. The company had increased dealerships to 88 by 2005. Lithia was fined $500,000 by the state of Alaska in 2006 for charging car buyers illegal document preparation fees at their Alaska dealerships. That year, they also settled with the Equal Employment Opportunity Commission for workplace discrimination. In early 2007, Lithia developed plans to build a 60-acre (240,000 m) auto mall north of downtown Medford and to build a new corporate headquarters in downtown Medford. The Chrysler Jeep Dodge store moved to the auto mall in September 2007, but the project was put on hold for seven years because the recession hit shortly after. In late 2014, Lithia moved their Honda, Nissan, BMW, and Volkswagen stores to the auto mall. The group's Toyota store, which the group had planned to move to the auto mall, instead went through a $1.5 million renovation in 2013 and stayed on their 5-acre site in downtown Medford. In 2010, it was reported that with the backing of two lenders, “the Commons,” a mixed-use building with Lithia Headquarters as the largest tenant, was a “go” and could proceed with construction. According to an article by The Mail Tribune, “Lithia partnered with the Medford Urban Renewal Agency to create The Commons, a revitalization project that includes the headquarters and another $14 million in infrastructure and three park blocks paid for with MURA dollars. Lithia employees moved into their new headquarters in late 2012. In January 2014, the Commons building was awarded Silver Leadership in Energy and Environmental Design (LEED) Certification by the U.S. Green Building Council. Lithia has been the recipient of numerous awards, including Sports Illustrated's All-Star Dealer Award in 1990 and Time's Quality Dealer Award in 1997, 2016 Top Workplace-Oregon Award, 2016 Automotive News Best Dealerships to Work For and 2016 Fortune 500-40th Fastest Growing Company.

With the acquisition of the DCH Auto Group in late 2014, Lithia expanded to 139 stores in 14 states across the US, Hawaii, and Alaska.

In September 2016, Lithia Motors partnered with Carbone Auto Group bringing the Lithia Motors, Inc. store number to 150.

Lithia sells new cars from General Motors, Chrysler, Toyota, Honda, BMW, Volkswagen, Mazda, and Porsche among others. New cars make up 58% of auto sales, with used cars making up the other 42%. Additional revenues come from auto repair at the dealerships, financing, and insurance sales.

In 2013 Lithia was named No. 9 on Automotive News' list of the 125 largest U.S. dealership groups, with retail new-vehicle sales of 56,960 units in 2012. In used-vehicle sales it also ranks No. 9, with retail used-vehicle sales of 49,067 in 2012.

The company received a Global Automotive Shareholder Value Awards presented by PwC and Automotive News in 2015 the sixth consecutive year for Lithia, followed by a three-year award in 2016. The awards are given to companies to recognize the highest shareholder returns within one-year and three-year periods among Global Vehicle Manufacturers, Global Automotive Suppliers and U.S. Automotive Retailers categories.

Revenue in millions of US dollars.

Annual Income Statement Annual Income Statements through 2016.

2016 New Vehicle Revenue: $4,938,436, Used Vehicle Revenue: $2,226,951

In April 2008, Lithia posts $1.9 million loss in 1Q. 2010 data is 1Q only SEC filings.

In Q1 2015, the company had a net income of $36.9 million.

Since 1946, Lithia has been dedicated to making the communities they serve better places to live, work and play. Through Lithia 4Kids, they create strategic partnerships with select not-for-profit organizations. The Lithia 4Kids program believes the children within their communities are key to the future. “Educate, Advocate, Support and Strength” are the pillars of the Lithia 4Kids initiative. Lithia, DCH Auto Group, Carbone Auto Group and their stores support multiple organizations. Collaborating with their vendor partners, Lithia Motors, Inc. has contributed more than $1.4 million to the Southern Oregon University Raider Scholarship Fund.

In 2015, Lithia hosted its first Women in Leadership Conference as a way to help empower female staff members and further their professional skills in a field that has been predominantly male. Lithia flew in female managers from across the country with the goal to pursue higher advancement within the company and to inspire more females to seek careers in the industry. The conference was such a success that it became an annual event.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-18 Future report Set alerts
Q2 2022 2022-07-20 12.18 12.18
Q1 2022 2022-04-20 11.96 11.96
Q4 2021 2022-02-09 11.39 11.39
Q3 2021 2021-10-20 11.21 11.21
Q2 2021 2021-07-21 11.12 11.12
Q1 2021 2021-04-21 5.89 5.89
Q4 2020 2021-02-03 5.46 5.46
Q3 2020 2020-10-21 0.00 0.00
Q2 2020 2020-07-22 3.72 3.38

Ratings

2016-04-25 Reiterated Rating KeyBanc Overweight $122.00
2016-04-25 Reiterated Rating KeyCorp Overweight $122.00
2016-04-11 Initiated Coverage Jefferies Group Buy $105.00
2016-01-12 Reiterated Rating Craig Hallum Buy $135.00 to $110.00
2015-09-09 Initiated Coverage Evercore ISI Hold
2015-08-26 Boost Price Target Morgan Stanley Overweight $121.00 to $125.00
2015-07-24 Boost Price Target Stifel Nicolaus Buy $120.00 to $128.00
2015-07-23 Downgrade Bank of America Buy to Neutral $129.00 to $131.00
2015-07-23 Downgrade Bank of America Corp. Buy to Neutral $129.00 to $131.00
2015-07-16 Reiterated Rating KeyBanc Buy $120.00 to $124.00
2015-07-02 Reiterated Rating KeyBanc Overweight $117.00 to $120.00
2015-06-23 Boost Price Target KeyBanc Buy $117.00 to $120.00
2015-04-24 Boost Price Target Stifel Nicolaus Buy $105.00 to $120.00
2015-04-15 Boost Price Target KeyBanc Overweight $104.00 to $106.00
2015-03-25 Boost Price Target KeyBanc Overweight $103.00 to $104.00
2015-02-09 Downgrade Sidoti Buy to Neutral
2014-10-15 Upgrade Morgan Stanley Underweight to Overweight $75.00
2014-08-15 Boost Price Target S&P Equity Research Hold to Average $3.05 to $4.02
2014-08-15 Downgrade Morgan Stanley Overweight to Underweight $80.00
2014-07-16 Reiterated Rating KeyBanc Buy $96.00 to $103.00
2014-06-23 Boost Price Target Credit Suisse $82.00 to $105.00
2014-05-22 Boost Price Target KeyBanc Buy $83.00 to $85.00
2014-04-03 Boost Price Target BB&T Corp. Buy $53.00 to $77.00
2014-03-10 Downgrade Ned Davis Research Buy to Neutral
2014-02-10 Upgrade Ned Davis Research Neutral to Buy
2014-01-27 Initiated Coverage CRT Capital Buy
2013-10-24 Upgrade Bank of America Buy
2013-09-25 Reiterated Rating Stifel Nicolaus Buy $65.00 to $83.00
2012-12-14 Initiated BB&T Capital Mkts Buy $40
2012-02-09 Initiated Stifel Nicolaus Buy $30
2008-05-16 Upgrade JP Morgan Underweight to Neutral
2007-01-03 Downgrade Wachovia Outperform to Mkt Perform
2016-04-25 Reiterated Rating KeyBanc Overweight $122.00
2016-04-25 Reiterated Rating KeyCorp Overweight $122.00
2016-04-11 Initiated Coverage Jefferies Group Buy $105.00
2016-01-12 Reiterated Rating Craig Hallum Buy $135.00 to $110.00
2015-09-09 Initiated Coverage Evercore ISI Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HEIMANN M L DICK President of Corporate Affairs 0.84%  (196929) LAD /
DEBOER BRYAN B Chief Executive officer 0.48%  (113050) LAD /
Roberts Kenneth E 0.45%  (106435) LAD /
BECKER THOMAS R 0.28%  (67075) LAD /
Hillier Scott Sr. VP/Operations 0.22%  (50834) LAD /
Holzshu Chris Sr. Vice President & CFO 0.15%  (34612) LAD /
GRAY R BRADFORD Executive Vice President 0.08%  (19467) LAD /
North John F VP of Finance, Controller 0.06%  (14481) LAD /
YOUNG WILLIAM J 0.06%  (13607) FSYS / LAD /
Cain Susan O 0.05%  (12311) LAD /
Dobry Thomas Chief Marketing Officer 0.03%  (7832) LAD /
Liang George Chun-Wai Senior Vice President 0.03%  (7466) LAD /
Robino David J 0.02%  (4672) LAD /
Lam Shau-wai 0.01%  (2867) LAD /
Miramontes Louis 0.01%  (1671) LAD /
DEBOER SIDNEY B Executive Chairman 0.01%  (1495) LAD /