MARKET COMPOSITE
LAD - Lithia Motors, Inc.8:00:02 PM 4/17/2024
Price
$260.94
+ 0.62 (0.24%)
Lithia Motors, Inc. is an American nationwide automotive retailer headquartered in Medford, Oregon. It is the third 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. As of 2018, Lithia is ranked #294 on the Fortune 500. Lithia employs more than 14,150 people in stores across the nation including Alaska and Hawaii. Lithia operates 180 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.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue7.7B-7%
Gross Profit1.3B-8%
Cost Of Revenue6.4B-7%
Operating Income372.3MM-20%
Operating Expenses888.7MM-
Net Income213.4MM-18%
G&A837.4MM-2%
Amortization49.3MM-3%
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