Lithia Motors Inc

Company Profile

• Business description

  Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 50 brands of vehicles at nearly 500 stores globally across the US, Canada, and UK. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the US and we expect more deals over time in the US and, at times, abroad. Annual revenue in 2023 was $31 billion and we see over $50 billion possible in a few years. The US was 90% of 2023 revenue and the UK second at 6%, the latter should rise to around 20% with the 2024 Pendragon acquisition. In 2023, new-car sales were about 49% of total revenue. Lithia was founded in 1946, went public in 1996, and is the largest US auto dealer. It is based in Medford, Oregon.

• Contact

  150 N. Bartlett Street
  MedfordOR97501
  USA

  T: +1 541 776-6401

  https://www.lithia.com

• Sector

  Consumer Cyclical

  Stock type

  Cyclical

• Industry

  Auto & Truck Dealerships

  Fiscal Year End

  31 December 2024

  Employees

  27,446