Lithia Motors Inc LAD

Consumer DiscretionarySpecialty RetailersUnited States of America

Last close 299.72 USD on Nov 1, 2026, −9.3% year to date

Quant rating

Quant rating C Rank 229 of 344 in Consumer Discretionary

Growth C 155 of 344
Valuation C 203 of 344
Quality C 171 of 344
Revisions C 237 of 344
Momentum C 217 of 344

Wall Street consensus Buy (1.88)Average target 391.29 USD +30.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.5B
Enterprise value: 22.6B
52-week range: 239.96 – 439.13
3-year range: 239.96 – 439.13
Dividend yield: 1.00%
Beta (5 years): 1.30
Shares outstanding: 21.6M
Next earnings: Feb 9, 2027

About the company

Lithia Motors, Inc. is a global automotive retailer providing a range of products and services throughout the vehicle ownership lifecycle. The Company's products and services are offered through its comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. The Company’s segments include Vehicle Operations and Financing Operations. Its Vehicle Operations segment consists of all aspects of its auto merchandising and aftersales operations, excluding financing provided by its Financing Operations. The Company's Financing Operations segment provides financing to customers buying and leasing retail vehicles from its Vehicle Operations, as well as leasing vehicles from its fleet management services provider. Its Driveway and GreenCars brands and online customer portal complement its in-store experiences in the United States and provide platforms that serve as its e-commerce home solutions.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	37,635	36,188	31,042	28,188	22,832	–
Revenue growth	4.0%	16.6%	10.1%	23.5%	74.0%	23.5%
EPS (basic, normalized)	33.46	29.96	36.86	44.42	40.03	–
EPS growth	11.7%	−18.7%	−17.0%	11.0%	–	–
Gross margin	15.4%	15.4%	16.7%	18.3%	18.7%	16.9%
Net margin	2.2%	2.2%	3.2%	4.4%	4.6%	3.3%
ROE	12.4%	12.4%	17.5%	25.4%	29.1%	19.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	117
Current ratio	1.00x
Long-term debt (mil)	9,574
Net debt (mil)	16,166
Total equity (mil)	6,615
Net debt / equity	2.44x
Net debt / EBITDA	9.70x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	37,635	+4.0%	0.6x	1,666	+2.6%	13.6x	33.46	+11.7%	9.0x
2026	38,429	+2.1%	0.6x	1,738	+4.3%	13.0x	36.30	+8.5%	8.3x
2027	39,458	+2.7%	0.6x	1,832	+5.4%	12.4x	40.48	+11.5%	7.4x
2028	41,239	+4.5%	0.5x	1,987	+8.4%	11.4x	46.78	+15.6%	6.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	38,429	−0.2%	+0.3%	−0.4%	36.30	+1.4%	+3.0%	+4.4%
2027	39,458	−1.3%	−0.7%	−1.8%	40.48	−5.0%	−2.8%	−0.4%
2028	41,239	−3.0%	−1.4%	−4.0%	46.78	−6.5%	+0.3%	+4.3%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	8,556	9,232	9,221	9,222	9,178	9,583	9,676	9,198	9,271	9,791
Sales mean (mil)	8,592	9,332	9,482	9,101	9,304	9,687	9,458	9,189	9,222	9,634
Surprise	−0.4%	−1.1%	−2.8%	+1.3%	−1.4%	−1.1%	+2.3%	+0.1%	+0.5%	+1.6%
EPS reported	6.11	7.87	8.21	7.79	7.66	10.24	9.50	6.74	7.34	11.54
EPS mean	7.89	7.03	7.60	7.24	7.71	9.24	8.52	8.11	6.83	8.78
Surprise	−22.6%	+12.0%	+8.1%	+7.7%	−0.6%	+10.8%	+11.5%	−16.9%	+7.4%	+31.4%

Peer comparison Specialty Retailers

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LAD Lithia Motors Inc	6.5B	9.70x	2.2%	0.98x	8.3x	7.4x	13.0x	12.4x
HD The Home Depot, Inc.	328.4B	2.03x	8.6%	19.77x	21.9x	20.6x	14.9x	14.3x
LOW Lowe's Companies Inc	117.3B	2.71x	7.7%	−15.77x	17.0x	16.1x	11.8x	11.5x
ORLY O'Reilly Automotive, Inc.	70.9B	1.89x	14.3%	−33.88x	26.6x	24.1x	18.0x	16.8x
CVNA Carvana Co	75.3B	1.36x	6.9%	17.30x	42.0x	30.2x	26.7x	20.2x
AZO AutoZone, Inc.	51.0B	1.98x	12.6%	−20.49x	18.7x	16.6x	12.6x	11.9x
Mean		3.28x	8.7%	−5.35x	22.4x	19.2x	16.2x	14.5x
Median		2.01x	8.1%	−7.39x	20.3x	18.6x	14.0x	13.3x

Technical analysis

1M−1.1%
3M−16.2%
1Y−5.1%
3Y+29.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Lithia Motors Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	37,635	36,188	31,042	28,188	22,832	13,124
Cost of revenue	31,827	30,619	25,859	23,039	18,562	10,899
Gross profit	5,808	5,569	5,183	5,148	4,270	2,226
Selling, general & administrative expenses	3,941	3,747	3,287	3,095	2,463	1,443
Research & development	–	–	–	–	–	–
Depreciation/amortization	262	246	196	163	125	92.3
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	9.2	7.9	7.4	−51.0	19.8	−7.2
Other operating expenses	0	0	0	0	0	0
Operating income	1,595	1,569	1,692	1,941	1,662	697
Net interest income (expense)	−524	−593	−344	−207	−192	−64.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	38.2	95.4	13.9	−4.0	14.4	15.5
Net income before taxes	1,108	1,071	1,362	1,730	1,485	648
Provision for taxes	282	255	351	468	422	178
Minority interest	−6.3	−19.6	−10.9	−10.6	−2.6	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	820	797	1,001	1,251	1,060	470
Extraordinary items	–	–	–	–	–	–
Net income	820	797	1,001	1,251	1,060	470
EBIT, normalized	1,604	1,576	1,700	1,890	1,682	690
EBITDA, normalized	1,928	1,872	1,904	2,063	1,810	782
Basic EPS, normalized	33.46	29.96	36.86	44.42	40.03	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Lithia Motors Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	112	227	825	247	175	160
Receivables	1,134	1,237	1,123	847	686	614
Total inventory	6,120	5,912	4,754	3,409	2,386	2,493
Prepaid expenses	–	–	–	–	–	–
Other current assets	493	398	253	128	63.9	70.5
Total current assets	7,858	7,774	6,955	4,631	3,310	3,338
Property, plant & equipment	5,653	5,289	4,460	3,956	3,448	2,462
Goodwill	2,477	2,116	1,931	1,461	977	593
Intangibles	2,777	2,550	2,402	1,856	799	350
Long-term investments	–	–	–	–	–	–
Note receivable	4,755	3,868	3,242	2,188	803	101
Other long-term assets	1,587	1,526	642	915	1,809	1,059
Total assets	25,107	23,123	19,632	15,007	11,147	7,902
Liabilities
Accounts payable	340	334	288	258	235	158
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,214	1,122	870	783	711	425
Short-term debt	5,009	4,903	3,636	2,117	1,190	1,797
Current portion of long-term debt	134	192	110	20.5	224	66.0
Other current liabilities	0	0	28.9	0	43.0	33.0
Total current liabilities	6,697	6,551	4,932	3,178	2,403	2,480
Long-term debt	9,679	8,170	7,155	5,510	3,186	2,065
Minority interest	25.2	23.9	69.0	44.9	36.8	–
Other liabilities	2,103	1,727	1,262	1,067	895	696
Total liabilities	18,504	16,472	13,419	9,800	6,520	5,241
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0	793	1,101	1,082	1,712	788
Additional paid-in capital	18.1	107	79.9	76.8	58.3	41.4
Retained earnings (accumulated deficit)	6,518	5,754	5,013	4,065	2,860	1,838
Treasury stock	–	–	–	–	–	–
Other equity	67.3	−3.6	20.1	−18.0	−3.0	−6.3
Total equity	6,603	6,650	6,214	5,206	4,626	2,662
Total liabilities & shareholders' equity	25,107	23,123	19,632	15,007	11,147	7,902

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Lithia Motors Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	826	822	1,012	1,262	1,063	470
Depreciation, depletion & amortization	324	295	204	173	127	92.4
Deferred taxes	94.7	38.2	58.7	95.2	43.1	17.2
Non-cash items	161	103	66.3	69.6	150	−1.7
Changes in working capital	−1,048	−833	−1,813	−2,209	414	−35.9
Cash from operations	357	425	−472	−610	1,797	542
Investing activities
Capital expenditures	−351	−351	−230	−303	−260	−168
Other investing cash flows	−677	−1,503	−1,040	−1,027	−2,630	−1,438
Cash from investing	−1,028	−1,854	−1,270	−1,330	−2,890	−1,606
Financing activities
Financing cash flow items	−94.5	−21.6	−38.6	−23.4	−16.1	−11.2
Cash dividends paid	−55.3	−56.5	−52.8	−45.2	−38.8	−29.1
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	762	986	2,501	2,104	1,162	1,180
Cash from financing	612	908	2,410	2,036	1,107	1,140
Foreign exchange effects	4.6	−4.5	33.4	−3.0	2.5	–
Net change in cash	−54.5	−526	700	93.0	16.0	76.2
Free cash flow	5.8	73.7	−703	−913	1,537	374

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.