Lithia Motors (LAD)
Market Price (10/22/2026): $270.0 | Market Cap: $6.1 BilSector: Consumer Discretionary | Industry: Automotive Retail
Lithia Motors (LAD)
Market Price (10/22/2026): $270.0Market Cap: $6.1 BilSector: Consumer DiscretionaryIndustry: Automotive Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4% Stock buyback supportStock Buyback 3Y Total is 1.9 Bil Low stock price volatilityVol 12M is 39% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Electric Vehicles & Autonomous Driving. Themes include Online Vehicle Retail, and EV Sales & Service Infrastructure. | Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -62% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 240% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3% Key risksLAD key risks include [1] its high debt levels associated with an aggressive acquisition strategy and [2] the particular vulnerability of its Driveway Finance Corporation to shifts in interest rate environments. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.4% |
| Stock buyback supportStock Buyback 3Y Total is 1.9 Bil |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Electric Vehicles & Autonomous Driving. Themes include Online Vehicle Retail, and EV Sales & Service Infrastructure. |
| Weak multi-year price returns2Y Excs Rtn is -32%, 3Y Excs Rtn is -62% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 240% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3% |
| Key risksLAD key risks include [1] its high debt levels associated with an aggressive acquisition strategy and [2] the particular vulnerability of its Driveway Finance Corporation to shifts in interest rate environments. |
Qualitative Assessment
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Updated on 10/21/2026
Lithia Motors (LAD) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Weakness in Same-Store Sales and Finance & Insurance Business. Despite exceeding overall earnings and revenue estimates for fiscal Q3 2026 (which ended September 30, 2026), Lithia Motors experienced a 1.4% decline in same-store revenue and an 8% decrease in revenue from its finance and insurance business. New vehicle gross profit fell by 5.7%, although this was partially offset by an 11.1% improvement in used vehicle gross profit, leading to an overall 1.9% decline in total vehicle gross profit year-over-year.
2. Macroeconomic Headwinds and Affordability Pressures. The broader automotive market faced significant challenges during fiscal Q3 2026. Dealer sentiment declined due to ongoing affordability issues, rising inflation, and increased interest rates. The Federal Reserve's quarter-point benchmark rate hike on September 16, 2026, contributed to higher auto loan rates, while gasoline prices, reaching $4.48 per gallon in late September 2026, made vehicle ownership more expensive and impacted consumer demand.
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Lithia Motors (LAD) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Weakness in Same-Store Sales and Finance & Insurance Business. Despite exceeding overall earnings and revenue estimates for fiscal Q3 2026 (which ended September 30, 2026), Lithia Motors experienced a 1.4% decline in same-store revenue and an 8% decrease in revenue from its finance and insurance business. New vehicle gross profit fell by 5.7%, although this was partially offset by an 11.1% improvement in used vehicle gross profit, leading to an overall 1.9% decline in total vehicle gross profit year-over-year.
2. Macroeconomic Headwinds and Affordability Pressures. The broader automotive market faced significant challenges during fiscal Q3 2026. Dealer sentiment declined due to ongoing affordability issues, rising inflation, and increased interest rates. The Federal Reserve's quarter-point benchmark rate hike on September 16, 2026, contributed to higher auto loan rates, while gasoline prices, reaching $4.48 per gallon in late September 2026, made vehicle ownership more expensive and impacted consumer demand.
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Updated on 10/21/2026
Lithia Motors (LAD) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Weakness in Same-Store Sales and Finance & Insurance Business. Despite exceeding overall earnings and revenue estimates for fiscal Q3 2026 (which ended September 30, 2026), Lithia Motors experienced a 1.4% decline in same-store revenue and an 8% decrease in revenue from its finance and insurance business. New vehicle gross profit fell by 5.7%, although this was partially offset by an 11.1% improvement in used vehicle gross profit, leading to an overall 1.9% decline in total vehicle gross profit year-over-year.
2. Macroeconomic Headwinds and Affordability Pressures. The broader automotive market faced significant challenges during fiscal Q3 2026. Dealer sentiment declined due to ongoing affordability issues, rising inflation, and increased interest rates. The Federal Reserve's quarter-point benchmark rate hike on September 16, 2026, contributed to higher auto loan rates, while gasoline prices, reaching $4.48 per gallon in late September 2026, made vehicle ownership more expensive and impacted consumer demand.
3. Negative Analyst Sentiment and Price Target Adjustments. Prior to the Q3 2026 earnings release, several prominent analysts lowered their price targets for Lithia Motors. UBS reduced its target from $440 to $335, Morgan Stanley adjusted its target from $358 to $310, and Barclays trimmed its target from $415 to $375. This collective shift indicated a more cautious outlook on the company's future financial performance and growth prospects.
4. Increased Negative Equity in Trade-Ins. A notable financial burden for consumers during fiscal Q3 2026 was the increasing negative equity in vehicle trade-ins. Nearly 3 in 10 trade-ins towards new vehicle purchases were underwater, with the average negative equity reaching $7,107. This factor complicated new vehicle acquisitions and added to the financial strain on buyers.
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Lithia Motors (LAD) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Weakness in Same-Store Sales and Finance & Insurance Business. Despite exceeding overall earnings and revenue estimates for fiscal Q3 2026 (which ended September 30, 2026), Lithia Motors experienced a 1.4% decline in same-store revenue and an 8% decrease in revenue from its finance and insurance business. New vehicle gross profit fell by 5.7%, although this was partially offset by an 11.1% improvement in used vehicle gross profit, leading to an overall 1.9% decline in total vehicle gross profit year-over-year.
2. Macroeconomic Headwinds and Affordability Pressures. The broader automotive market faced significant challenges during fiscal Q3 2026. Dealer sentiment declined due to ongoing affordability issues, rising inflation, and increased interest rates. The Federal Reserve's quarter-point benchmark rate hike on September 16, 2026, contributed to higher auto loan rates, while gasoline prices, reaching $4.48 per gallon in late September 2026, made vehicle ownership more expensive and impacted consumer demand.
3. Negative Analyst Sentiment and Price Target Adjustments. Prior to the Q3 2026 earnings release, several prominent analysts lowered their price targets for Lithia Motors. UBS reduced its target from $440 to $335, Morgan Stanley adjusted its target from $358 to $310, and Barclays trimmed its target from $415 to $375. This collective shift indicated a more cautious outlook on the company's future financial performance and growth prospects.
4. Increased Negative Equity in Trade-Ins. A notable financial burden for consumers during fiscal Q3 2026 was the increasing negative equity in vehicle trade-ins. Nearly 3 in 10 trade-ins towards new vehicle purchases were underwater, with the average negative equity reaching $7,107. This factor complicated new vehicle acquisitions and added to the financial strain on buyers.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -7.2% change in LAD stock from 6/30/2026 to 10/21/2026 was primarily driven by a -11.2% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 289.95 | 269.13 | -7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,728 | 37,936 | 0.6% |
| Net Income Margin (%) | 1.9% | 1.9% | 0.0% |
| P/E Multiple | 9.5 | 8.5 | -11.2% |
| Shares Outstanding (Mil) | 23 | 22 | 4.0% |
| Cumulative Contribution | -7.2% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| LAD | -7.2% | |
| Market (SPY) | 3.5% | -17.7% |
| Sector (XLY) | -1.5% | 6.4% |
Fundamental Drivers
The 8.2% change in LAD stock from 3/31/2026 to 10/21/2026 was primarily driven by a 17.3% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 248.77 | 269.13 | 8.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,635 | 37,936 | 0.8% |
| Net Income Margin (%) | 2.2% | 1.9% | -13.5% |
| P/E Multiple | 7.2 | 8.5 | 17.3% |
| Shares Outstanding (Mil) | 24 | 22 | 5.8% |
| Cumulative Contribution | 8.2% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| LAD | 8.2% | |
| Market (SPY) | 19.2% | 1.3% |
| Sector (XLY) | 6.2% | 19.8% |
Fundamental Drivers
The -14.2% change in LAD stock from 9/30/2025 to 10/21/2026 was primarily driven by a -21.0% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 313.55 | 269.13 | -14.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,156 | 37,936 | 2.1% |
| Net Income Margin (%) | 2.4% | 1.9% | -21.0% |
| P/E Multiple | 9.2 | 8.5 | -7.6% |
| Shares Outstanding (Mil) | 26 | 22 | 15.1% |
| Cumulative Contribution | -14.2% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| LAD | -14.2% | |
| Market (SPY) | 17.0% | 19.0% |
| Sector (XLY) | -3.0% | 29.1% |
Fundamental Drivers
The -6.8% change in LAD stock from 9/30/2023 to 10/21/2026 was primarily driven by a -49.9% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 288.87 | 269.13 | -6.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 29,328 | 37,936 | 29.4% |
| Net Income Margin (%) | 3.8% | 1.9% | -49.9% |
| P/E Multiple | 7.2 | 8.5 | 17.7% |
| Shares Outstanding (Mil) | 28 | 22 | 22.2% |
| Cumulative Contribution | -6.8% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| LAD | -6.8% | |
| Market (SPY) | 87.1% | 40.7% |
| Sector (XLY) | 46.8% | 47.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LAD Return | 2% | -30% | 62% | 9% | -6% | -9% | 6% |
| Peers Return | 52% | -11% | 41% | 13% | -7% | -2% | 96% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| LAD Win Rate | 50% | 33% | 50% | 58% | 50% | 40% | |
| Peers Win Rate | 65% | 48% | 60% | 50% | 45% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LAD Max Drawdown | -32% | -47% | -30% | -26% | -29% | -34% | |
| Peers Max Drawdown | -21% | -33% | -24% | -18% | -32% | -32% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AN, PAG, KMX, ABG, GPI. See LAD Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | LAD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.2% | -18.8% |
| % Gain to Breakeven | 33.7% | 23.1% |
| Time to Breakeven | 477 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.7% | -9.5% |
| % Gain to Breakeven | 24.5% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.8% | -6.7% |
| % Gain to Breakeven | 33.0% | 7.1% |
| Time to Breakeven | 47 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -38.3% | -24.5% |
| % Gain to Breakeven | 62.0% | 32.4% |
| Time to Breakeven | 250 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.6% | -33.7% |
| % Gain to Breakeven | 106.4% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -10.7% | -19.2% |
| % Gain to Breakeven | 12.0% | 23.8% |
| Time to Breakeven | 19 days | 105 days |
In The Past
Lithia Motors's stock fell -25.2% during the 2025 US Tariff Shock. Such a loss loss requires a 33.7% gain to breakeven.
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Asset Allocation
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| Event | LAD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.2% | -18.8% |
| % Gain to Breakeven | 33.7% | 23.1% |
| Time to Breakeven | 477 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.8% | -6.7% |
| % Gain to Breakeven | 33.0% | 7.1% |
| Time to Breakeven | 47 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -38.3% | -24.5% |
| % Gain to Breakeven | 62.0% | 32.4% |
| Time to Breakeven | 250 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -51.6% | -33.7% |
| % Gain to Breakeven | 106.4% | 50.9% |
| Time to Breakeven | 77 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -35.7% | -12.2% |
| % Gain to Breakeven | 55.5% | 13.9% |
| Time to Breakeven | 595 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -26.8% | -6.8% |
| % Gain to Breakeven | 36.6% | 7.3% |
| Time to Breakeven | 71 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -35.7% | -17.9% |
| % Gain to Breakeven | 55.5% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -35.0% | -15.4% |
| % Gain to Breakeven | 53.9% | 18.2% |
| Time to Breakeven | 76 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -88.2% | -53.4% |
| % Gain to Breakeven | 747.6% | 114.4% |
| Time to Breakeven | 284 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -31.0% | -8.6% |
| % Gain to Breakeven | 45.0% | 9.5% |
| Time to Breakeven | 1412 days | 47 days |
In The Past
Lithia Motors's stock fell -25.2% during the 2025 US Tariff Shock. Such a loss loss requires a 33.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Lithia Motors (LAD)
Lithia Motors, Inc. (LAD) is a prominent automotive retailer operating across the United States. The company manages a substantial network of physical stores categorized into Domestic, Import, and Luxury vehicle segments. Complementing its traditional dealerships, Lithia also maintains a robust online presence through numerous websites, including its notable Driveway and GreenCars brands, enabling customers to access its offerings digitally.
Lithia's comprehensive business model covers the full spectrum of vehicle acquisition and ownership. Its primary offerings include the sale of new and used vehicles. Beyond vehicle sales, the company provides critical financial services such as vehicle financing, alongside various protection plans including warranties, insurance contracts, and theft protection services to safeguard customer investments.
Additionally, Lithia Motors offers essential automotive repair and maintenance services, ensuring ongoing support for its customers. It also sells vehicle body and parts. Through this diverse portfolio, Lithia effectively serves a wide customer base across the U.S., positioning itself as a one-stop-shop for automotive needs, from initial purchase to post-sale services.
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Analogies for Lithia Motors (LAD):
It's like CarMax, but for both new and used cars.
Think of it as the Best Buy of the automotive world.
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- New and Used Vehicles: Sale of a diverse range of new and pre-owned automobiles from various manufacturers.
- Vehicle Financing Services: Provides financial solutions to customers for the purchase of vehicles.
- Vehicle Protection Services: Offers extended warranties, insurance contracts, and theft protection plans for vehicles.
- Automotive Repair and Maintenance Services: Provides comprehensive servicing, repair, and upkeep for vehicles.
- Vehicle Parts and Accessories: Sells original equipment and aftermarket components for vehicle body and mechanics.
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Lithia Motors (LAD) operates as an automotive retailer, selling new and used vehicles, as well as providing related services such as financing, maintenance, repairs, and parts directly to individual consumers. Therefore, the company's major customers are individuals.
The company serves the following categories of individual customers:
- New Vehicle Buyers: Individuals and families interested in purchasing brand-new cars, trucks, or SUVs from the various brands Lithia Motors represents. These customers often seek the latest models, technology, and manufacturer warranties, and frequently utilize the company's vehicle financing services.
- Used Vehicle Buyers: Individuals and families looking for pre-owned vehicles. This category often includes customers seeking more affordable options, specific models no longer available new, or a wider range of choices across different makes and years. They also commonly use financing and may purchase extended warranties or vehicle protection plans.
- Vehicle Owners Requiring Service, Parts, or Accessories: Customers who own vehicles (whether purchased from Lithia Motors or elsewhere) and need automotive repair, routine maintenance, genuine replacement parts, accessories, or body shop services. This category also includes individuals purchasing additional warranties, insurance contracts, or vehicle protection services for their current or newly acquired vehicles.
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Bryan DeBoer, President and Chief Executive Officer
Bryan DeBoer is a third-generation leader of Lithia Motors, the grandson of founder Walt DeBoer. He joined Lithia in 1989 and gained extensive operational experience in various roles including finance manager, general manager, and Chief Operating Officer. In 2012, he succeeded his father, Sidney DeBoer, as CEO and President. DeBoer holds a B.S. in Business Administration from Southern Oregon University and is a graduate of the National Automobile Dealers Association Dealer Academy.
Tina Miller, Senior Vice President, Chief Financial Officer
Tina Miller joined Lithia Motors in 2004, initially holding positions such as Director of Accounting and Corporate Controller. After a nationwide search, she was appointed Chief Financial Officer in 2015 and later promoted to Senior Vice President, Chief Financial Officer in 2019. Before joining Lithia, Miller began her career in public accounting in California's Silicon Valley. In 2020, she was recognized by Automotive News as a Leading Woman in the North American Auto Industry.
Christopher S. Holzshu, Chief Operating Officer, Secretary & Executive Vice President
Christopher S. Holzshu became part of the Lithia Motors management team in 2003, having previously worked in public accounting at KPMG LLP with a specialization in the automotive sector. He served as Chief Financial Officer and Senior Vice President for Lithia from 2010 to 2017. In November 2019, Holzshu was promoted to Chief Operating Officer. His past roles at Lithia also include Chief Human Resources Officer.
George Hines, Senior Vice President, Chief Innovation and Technology Officer
George Hines joined Lithia Motors as Chief Technology & Innovation Officer in July 2018 and was promoted to Senior Vice President, Chief Innovation and Technology Officer in July 2019. His career began in technology consulting with Ernst & Young LLP and Deloitte Consulting LLC. Prior to Lithia, Hines held innovation and technology leadership roles at various companies, including Chief Information Officer of Massage Envy Franchising, Chief Technology Officer & EVP-Operations at ChaseCom LP, and Chief Information Officer of Viad Corp.
Chuck Lietz, Senior Vice President, Finance
Chuck Lietz joined Lithia & Driveway in 2019 and oversees Driveway Finance Corporation (DFC). Before his tenure at Lithia, he served as the Managing Director of U.S. Bank's Dealer Commercial Services group. Lietz also held the position of Business Office Director for Precision Interconnect, a division of Tyco International's medical products group. He holds a bachelor's degree in accounting from the University of Portland and an MBA from Washington State University.
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Key Risks to Lithia Motors (LAD)
- High Debt Levels: Lithia Motors operates with substantial leverage, with total debt reaching approximately $13.90 billion as of March 2025 and $14.72 billion as of September 30, 2025. This high debt level, driven by an aggressive acquisition strategy, makes the company sensitive to interest rate hikes and could limit future investment flexibility and increase the risk of permanent loss of capital. Over 63% of its total debt is at variable rates, making earnings particularly sensitive to interest rate levels.
- Sensitivity to Economic Conditions: As an automotive retailer, Lithia Motors' performance is highly susceptible to economic downturns, inflationary pressures, and fluctuations in interest rates. These factors can significantly impact consumer demand for vehicles and their affordability, thereby affecting Lithia's revenues and profit margins across all segments, including vehicle sales, parts, and services.
- Pressure on Profit Margins and Intense Competition: The company faces ongoing pressure on vehicle profit margins, indicated by declining Gross Profit Per Unit (GPU) and generally low gross margins, averaging around 16% over the last two years. This suggests a competitive market with limited pricing power. Intensifying competition from online retailers, evolving consumer behavior, and potential disruptions from the transition to electric vehicles (EVs) and new distribution models further challenge the company's profitability.
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- The accelerating shift to Electric Vehicles (EVs) poses a threat to Lithia Motors' highly profitable automotive repair and maintenance services segment. EVs typically have fewer moving parts and require less frequent and different types of maintenance (e.g., no oil changes, spark plugs), which will likely lead to a reduction in service revenue as EV adoption increases.
- The rise of direct-to-consumer (DTC) sales models from some Electric Vehicle (EV) manufacturers (e.g., Tesla, Rivian, Lucid) threatens the traditional franchised dealership model. These manufacturers bypass dealerships entirely for new vehicle sales, potentially reducing Lithia Motors' market share and influence in new car distribution as EV sales grow.
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Addressable Markets for Lithia Motors (LAD) Main Products and Services (U.S. Region)
- New Vehicle Sales: S&P Global Mobility projects that U.S. auto sales volumes are expected to reach approximately 15.98 million units in 2026.
- Used Vehicle Sales: The U.S. used car market generated an estimated revenue of USD 393,786.4 million in 2024 and is projected to reach USD 519,050.4 million by 2030, with a compound annual growth rate (CAGR) of 4.6% from 2025 to 2030.
- Vehicle Financing Services: The U.S. automotive finance market is projected to reach an estimated value of USD 130.50 billion by 2032. Another estimate indicates the automotive financing market size is USD 350.39 billion in 2026 and is projected to expand to USD 505.59 billion by 2031.
- Automotive Repair, Maintenance Services, and Parts Sales (Automotive Aftermarket): The total market size of the U.S. light-duty automotive aftermarket is projected to reach USD 435 billion in 2025 and is forecast to exceed USD 500 billion by 2028. Separately, the U.S. auto parts market size was USD 32.2 billion in 2024 and is expected to grow to USD 48.2 billion by 2032.
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Lithia Motors, Inc. (LAD) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, digital expansion, growth in its financing arm, and a focus on its aftersales and used vehicle segments.
Here are 3-5 expected drivers of future revenue growth for Lithia Motors:
- Strategic Acquisitions and Market Expansion: Lithia Motors is pursuing an aggressive acquisition strategy, aiming to add $2 billion to $4 billion in annualized revenues in the coming years. This includes both domestic market penetration, such as the acquisition of three Florida dealerships in September 2024 and two Mercedes-Benz dealerships in the Southeast in 2025, and international expansion, exemplified by the acquisition of Pendragon's UK operations in early 2024, which added approximately $4.5 billion in annual revenue. This strategy is a cornerstone of their plan to broaden geographical reach and revenue base.
- Growth of the Driveway Digital E-commerce Platform and Omnichannel Approach: The company's 'Driveway' e-commerce platform is central to its expansion efforts, supporting a hybrid model that integrates physical and digital sales. Lithia is continuously enhancing this platform, with digital transactions and vehicle purchases through their ecosystem showing significant growth, including 90,000 vehicles purchased in the first six months of 2025. This omnichannel strategy is designed to improve customer retention and broaden reach.
- Expansion of Driveway Finance Corporation (DFC): Driveway Finance Corporation (DFC) is identified as a significant growth opportunity. The DFC portfolio reached $4.7 billion in 2025, generating $75 million in finance operations income for the full year, and has mid-term targets of $7 billion and long-term targets of $17 billion. The company aims to increase DFC penetration to 20%, with North American penetration reaching 15% in Q4 2025.
- Growth in Aftersales (Parts and Services): Aftersales services are a key driver of growth, providing a steady revenue stream and enhancing customer loyalty. In Q4 2024, aftersales revenues increased by 3.4% year-over-year with a gross profit margin of 55.8%. This segment saw further growth in Q4 2025 with revenue increasing by 10.9% and gross profit by 9.8%. Lithia anticipates mid-single-digit growth in its aftersales segment.
- Focus on the Used Vehicle Segment, particularly Value Auto: Lithia Motors has demonstrated strong performance in the used vehicle segment, with used retail revenue growing by 6.1% and unit volume increasing by 4.7% in Q4 2025. The company's strategy includes a particular emphasis on the value segment (vehicles up to 20 years old), which represents a large portion of the used vehicle market and typically offers higher gross margins and faster inventory turns. The value auto platform achieved 10.9% unit growth in Q4 2025.
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Share Repurchases
- In 2025, Lithia Motors allocated approximately $947 million to share repurchases at an average price of $314 per share, resulting in an 11.4% reduction in shares outstanding.
- In August 2025, the company announced an increase to its share repurchase authorization by $750 million, bringing the total repurchase capacity to $1.08 billion.
- During the third quarter of 2025, Lithia repurchased approximately 5.1% of its shares outstanding at an average price of $312.
Outbound Investments
- For the full year 2025, Lithia acquired stores expected to generate $2.4 billion in annualized revenues.
- In early 2024, the company acquired Pendragon's UK motor and leasing businesses for approximately $360 million, an acquisition projected to add $2.5 billion in annualized revenue and provide a substantial European presence.
- Lithia Motors' ongoing strategy involves targeting $2-4 billion in annual revenues through strategic acquisitions, with a focus on high-growth markets like the Southeast and South Central U.S.
Capital Expenditures
- Capital expenditures were approximately $350.9 million in 2025 and $351.4 million in 2024.
- The primary focus of capital expenditures is on facility upgrades and meeting manufacturer image standards to generate additional incentives.
- In recent years, the company has increased funding toward capital expenditures to emphasize organic growth and investments in its existing business, technology, and synergistic adjacencies.
Peer Outperformance in Automotive Retail
LAD has trailed 56% of its 16 Automotive Retail peers over 5Y. Among the peers that beat it are ORLY and AZO. Automotive Retail ranks 7th of 23 industries in Consumer Discretionary by median 5Y return.
Share of Automotive Retail constituents that LAD has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
61%
of 18 industry peers · -13.0% return
3Y
53%
of 17 industry peers · 6.3% return
5Y
44%
of 16 industry peers · -17.2% return
Automotive Retail peers with revenue growth within 4pp of LAD's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| LAD | Lithia Motors | 9.1% | 8.5x | -13.0% | 6.3% | -17.2% | — |
| ORLY | O'Reilly Automotive | 6.9% | 27.8x | -12.0% | 47.5% | 101.7% | +119pp |
| AZO | AutoZone | 5.3% | 21.0x | -21.2% | 26.9% | 74.6% | +92pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Automotive Retail is LAD's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -21.4% | 71.3% | 83.2% | CVSA 246% · PRDO 229% · GHC 123% |
| Homebuilding | 17 | -14.6% | 33.2% | 22.8% | GRBK 144% · PHM 136% · TOL 134% |
| Hotels, Resorts & Cruise Lines | 21 | 12.6% | 49.1% | 22.2% | RCL 256% · MAR 171% · HLT 160% |
| Specialty Stores | 7 | 11.1% | 39.6% | 16.5% | ASO 47% · DKS 29% · FIVE 17% |
| Home Improvement Retail | 4 | -17.6% | 14.2% | -3.5% | HD -2% · LOW -5% · FND -67% |
| Home Furnishings | 3 | -10.2% | 48.1% | -4.7% | SGI 39% · MHK -38% |
| Automotive Retail ← | 17 | -17.9% | 3.8% | -9.8% | MUSA 211% · PAG 117% · ORLY 102% |
| Specialized Consumer Services | 10 | -14.7% | 21.9% | -14.8% | HRB 127% · FTDR 87% · SCI 40% |
| Footwear | 9 | 64.5% | 43.9% | -20.3% | DECK 35% · SHOO 14% · CROX -20% |
| Restaurants | 37 | -10.3% | -6.0% | -23.7% | EAT 324% · CAKE 211% · TXRH 107% |
| Distributors | 4 | -15.4% | -18.4% | -24.6% | ARMK 120% · GPC 7% · LKQ -56% |
| Apparel Retail | 26 | 2.1% | -0.5% | -40.9% | ANF 315% · TJX 142% · ROST 123% |
| Household Appliances | 18 | -3.1% | 4.3% | -41.8% | |
| Computer & Electronics Retail | 3 | 15.3% | 58.6% | -42.1% | BBY 1% · GME -42% |
| Leisure Facilities | 12 | 4.0% | -3.1% | -42.5% | LTH 130% · OSW 118% · PLNT -35% |
| Leisure Products | 14 | -15.4% | -17.2% | -43.4% | GOLF 72% · HAS 51% · MAT -17% |
| Apparel, Accessories & Luxury Goods | 29 | -1.2% | 16.6% | -46.7% | RL 245% · TPR 238% · KTB 74% |
| Casinos & Gaming | 20 | -14.6% | -24.2% | -49.0% | MCRI 88% · BYD 12% · RRR 9% |
| Automotive Parts & Equipment | 39 | -14.3% | -15.0% | -49.8% | MOD 1160% · GTX 235% · BWA 52% |
| Broadline Retail | 14 | -7.8% | 25.4% | -53.0% | EBAY 76% · AMZN 53% · OLLI 37% |
| Automobile Manufacturers | 8 | -75.0% | -51.4% | -75.5% | GM 36% · TSLA 30% · F -2% |
| Other Specialty Retail | 17 | -31.8% | -34.4% | -78.8% | ULTA 63% · TSCO -15% · BBWI -66% |
| Consumer Electronics | 11 | -39.9% | -29.0% | -79.3% | GRMN 97% · SONO -46% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Lithia Motors Earnings Notes | 12/29/2026 | |
| null | 10/17/2025 | |
| Lithia Motors vs Interactive Brokers: Which Is A Better Investment? | 08/18/2025 | |
| Lithia Motors vs Group 1 Automotive: Which Is A Better Investment? | 08/18/2025 | |
| Is Lithia Motors Stock Outperforming Its Rivals? | 08/13/2025 | |
| Better Bet Than LAD Stock: Pay Less Than Lithia Motors To Get More From IBKR, PR | 08/12/2025 | |
| LAD Dip Buy Analysis | 07/10/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 188.06 |
| Mkt Cap | 5.6 |
| Rev LTM | 26,665 |
| Op Inc LTM | 1,073 |
| FCF LTM | 331 |
| FCF 3Y Avg | 292 |
| CFO LTM | 625 |
| CFO 3Y Avg | 546 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.7% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | -0.2% |
| QoQ Delta Rev Chg LTM | -0.0% |
| Op Inc Chg LTM | -9.2% |
| Op Inc Chg 3Y Avg | -7.6% |
| Op Mgn LTM | 3.9% |
| Op Mgn 3Y Avg | 4.4% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 2.3% |
| CFO/Rev 3Y Avg | 2.7% |
| FCF/Rev LTM | 1.3% |
| FCF/Rev 3Y Avg | 1.4% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Vehicle Operations | 37,635 | 36,188 | 31,042 | 28,188 | 22,832 |
| Total | 37,635 | 36,188 | 31,042 | 28,188 | 22,832 |
| $ Mil | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Corporate and other | 6,307 | 3,853 | 2,365 | 1,737 | 1,566 |
| Import | 1,858 | 1,655 | 1,306 | 1,224 | 1,138 |
| Domestic | 1,575 | 1,262 | 1,468 | 1,488 | 1,338 |
| Luxury | 1,407 | 1,132 | 945 | 935 | 641 |
| Total | 11,147 | 7,902 | 6,084 | 5,384 | 4,683 |
Price Behavior
Price Behavior
| Market Price | $269.13 | |
| Market Cap ($ Bil) | 6.1 | |
| First Trading Date | 12/18/1996 | |
| Distance from 52W High | -36.9% | |
| 50 Days | 200 Days | |
| DMA Price | $333.46 | $308.02 |
| DMA Trend | down | down |
| Distance from DMA | -19.3% | -12.6% |
| 3M | 1YR | |
| Volatility | 57.1% | 40.3% |
| Downside Capture | 78.97 | 105.04 |
| Upside Capture | -4.26 | 84.09 |
| Correlation (S&P 500) | -21.9% | 19.8% |
LAD Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.46 | 0.31 | -0.97 | 0.07 | 0.61 | 1.04 |
| Up Beta | -2.27 | -2.01 | -2.78 | -0.70 | 0.21 | 1.08 |
| Down Beta | 1.71 | 2.69 | -3.97 | -0.09 | 0.78 | 0.77 |
| Up Capture | -50% | -13% | 27% | 49% | 48% | 105% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 17 | 32 | 71 | 123 | 369 |
| Down Capture | 304% | 244% | 30% | 34% | 88% | 106% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 14 | 25 | 32 | 55 | 129 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAD | |
|---|---|---|---|---|
| LAD | -12.3% | 40.3% | -0.24 | - |
| Sector ETF (XLY) | -1.6% | 19.2% | -0.22 | 28.3% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | 18.4% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | 12.3% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -2.2% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 28.0% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | 15.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAD | |
|---|---|---|---|---|
| LAD | -3.3% | 39.7% | 0.02 | - |
| Sector ETF (XLY) | 5.5% | 24.1% | 0.18 | 50.1% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 46.4% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | 6.7% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 9.3% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 46.4% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 23.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAD | |
|---|---|---|---|---|
| LAD | 12.0% | 41.7% | 0.41 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.51 | 51.6% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 48.2% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 5.9% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 17.9% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 46.8% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 15.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 10/21/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 19.3% | 3.5% | 3.5% |
| 4/29/2026 | 5.0% | 3.3% | 6.8% |
| 2/11/2026 | -1.9% | -6.6% | -21.5% |
| 10/22/2025 | -1.1% | 2.1% | -5.5% |
| 7/29/2025 | -5.6% | -7.4% | 8.0% |
| 4/23/2025 | -5.8% | -1.0% | 3.6% |
| 2/12/2025 | 4.6% | -1.2% | -22.4% |
| 10/23/2024 | 10.1% | 12.0% | 22.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 9 | 12 |
| # Negative | 11 | 15 | 12 |
| Median Positive | 4.6% | 5.0% | 7.3% |
| Median Negative | -5.6% | -4.5% | -7.2% |
| Max Positive | 19.3% | 15.9% | 22.0% |
| Max Negative | -8.2% | -13.6% | -23.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | 19.3% | 3.5% | 3.5% |
| 4/29/2026 | 5.0% | 3.3% | 6.8% |
| 2/11/2026 | -1.9% | -6.6% | -21.5% |
| 10/22/2025 | -1.1% | 2.1% | -5.5% |
| 7/29/2025 | -5.6% | -7.4% | 8.0% |
| 4/23/2025 | -5.8% | -1.0% | 3.6% |
| 2/12/2025 | 4.6% | -1.2% | -22.4% |
| 10/23/2024 | 10.1% | 12.0% | 22.0% |
| 8/1/2024 | 6.9% | -0.8% | 10.3% |
| 4/24/2024 | -6.1% | -3.8% | -1.7% |
| 2/14/2024 | 1.7% | -5.7% | -5.1% |
| 10/25/2023 | -6.1% | -2.9% | 7.7% |
| 7/26/2023 | 9.7% | 4.7% | 4.6% |
| 4/19/2023 | -2.2% | -3.0% | -2.3% |
| 2/15/2023 | -8.2% | -8.5% | -23.4% |
| 10/19/2022 | -6.3% | -4.5% | 14.8% |
| 7/20/2022 | -5.4% | -13.6% | -8.5% |
| 4/20/2022 | -0.5% | -8.7% | -5.8% |
| 2/9/2022 | 5.9% | 7.2% | 7.8% |
| 10/20/2021 | 1.0% | -3.4% | -11.5% |
| 7/21/2021 | 4.4% | 5.0% | -4.4% |
| 4/21/2021 | 2.5% | 6.0% | -11.9% |
| 2/3/2021 | 0.3% | 15.9% | 6.1% |
| 10/21/2020 | 0.0% | -9.0% | 5.5% |
| SUMMARY STATS | |||
| # Positive | 13 | 9 | 12 |
| # Negative | 11 | 15 | 12 |
| Median Positive | 4.6% | 5.0% | 7.3% |
| Median Negative | -5.6% | -4.5% | -7.2% |
| Max Positive | 19.3% | 15.9% | 22.0% |
| Max Negative | -8.2% | -13.6% | -23.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 02/24/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 04/28/2022 | 10-Q |
| 12/31/2021 | 02/18/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/28/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 10/23/2020 | 10-Q |
| 06/30/2020 | 07/24/2020 | 10-Q |
| 03/31/2020 | 04/24/2020 | 10-Q |
| 12/31/2019 | 02/21/2020 | 10-K |
| 09/30/2019 | 10/25/2019 | 10-Q |
Insider Activity
Updated 10/1/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Loretz, Congdon Stacy | Direct | Sell | 9142026 | 370.73 | 75 | 27,805 | 852,679 | Form | |
| 2 | Stork, David | Chief Administrative Officer | Direct | Sell | 9082026 | 373.49 | 320 | 119,515 | 2,017,192 | Form |
| 3 | Loretz, Congdon Stacy | Direct | Sell | 6152026 | 315.00 | 75 | 23,625 | 748,125 | Form | |
| 4 | McIntyre, Shauna | Direct | Sell | 6112026 | 305.64 | 165 | 50,431 | 513,789 | Form | |
| 5 | Bailey, Richard J JR | Direct | Sell | 5272026 | 280.57 | 297 | 83,331 | 213,237 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Loretz, Congdon Stacy | Direct | Sell | 9142026 | 370.73 | 75 | 27,805 | 852,679 | Form | |
| 2 | Stork, David | Chief Administrative Officer | Direct | Sell | 9082026 | 373.49 | 320 | 119,515 | 2,017,192 | Form |
| 3 | Loretz, Congdon Stacy | Direct | Sell | 6152026 | 315.00 | 75 | 23,625 | 748,125 | Form | |
| 4 | McIntyre, Shauna | Direct | Sell | 6112026 | 305.64 | 165 | 50,431 | 513,789 | Form | |
| 5 | Bailey, Richard J JR | Direct | Sell | 5272026 | 280.57 | 297 | 83,331 | 213,237 | Form | |
| 6 | McIntyre, Shauna | Direct | Sell | 5122026 | 294.64 | 245 | 72,187 | 543,905 | Form | |
| 7 | Loretz, Congdon Stacy | Direct | Sell | 3132026 | 259.33 | 75 | 19,450 | 449,938 | Form | |
| 8 | Loretz, Congdon Stacy | Direct | Sell | 12122025 | 360.00 | 75 | 27,000 | 651,600 | Form |
Investor Activity (13F)
Updated Oct 22, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Abrams Capital Management, L.P. | $621.9 Mil | 13.4% | 11 | Hold | 13F |
| Conifer Management, L.L.C. | $52.9 Mil | 10.1% | 6 | TRIM -47.0% | 13F |
| Tensile Capital Management LP | $55.7 Mil | 8.0% | 25 | Hold | 13F |
| Nokomis Capital, L.L.C. | $18.8 Mil | 5.7% | 47 | ADD +820.7% | 13F |
| Cooperman Leon G | $84.9 Mil | 2.8% | 41 | ADD +7.1% | 13F |
| Lyrical Asset Management LP | $115.0 Mil | 1.8% | 39 | Hold | 13F |
| Glenview Capital Management, LLC | $31.9 Mil | 0.9% | 41 | Hold | 13F |
| Park West Asset Management LLC | $6.4 Mil | 0.6% | 48 | TRIM -74.5% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Abrams Capital Management, L.P. | $621.9 Mil | 13.4% | 11 | Hold | 13F |
| Lyrical Asset Management LP | $115.0 Mil | 1.8% | 39 | Hold | 13F |
| Cooperman Leon G | $84.9 Mil | 2.8% | 41 | ADD +7.1% | 13F |
| Tensile Capital Management LP | $55.7 Mil | 8.0% | 25 | Hold | 13F |
| Conifer Management, L.L.C. | $52.9 Mil | 10.1% | 6 | TRIM -47.0% | 13F |
| Glenview Capital Management, LLC | $31.9 Mil | 0.9% | 41 | Hold | 13F |
| Nokomis Capital, L.L.C. | $18.8 Mil | 5.7% | 47 | ADD +820.7% | 13F |
| Park West Asset Management LLC | $6.4 Mil | 0.6% | 48 | TRIM -74.5% | 13F |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Retail Resources |
| Automotive News |
| Ward's Auto |
| CBT News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 10/21/2026