Lithia Motors


SKU: LAD Category:


Lithia Motors: Initiation Of Coverage – A Story Of UK Market Growth Through The Pendragon Acquisition


This is our first report on automotive retailer, Lithia Motors. The company had a strong Q4 2023, with revenues growing by 11% from last year to reach $7.7 billion. The company’s revenue increase was primarily driven by robust new vehicle sales, with same-store units increasing by 10% and aftersales revenues growing by 3%. Despite this, the results were partially offset by a decline in new vehicle gross profit per unit (GPU), which normalized by about $150 per month. The company mentioned that the normalization was in line with their expectations.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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