Lithia Motors, Inc. (LAD) Bundle
A Brief History of Lithia Motors, Inc. (LAD)
Company Overview
Lithia Motors, Inc. (LAD) is a publicly traded automotive retailer headquartered in Medford, Oregon. Founded in 1968 by Sidney DeBoer.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $28.4 billion |
| Net Income | $1.02 billion |
| Market Capitalization | $6.8 billion |
| Number of Dealerships | 296 locations |
Operational Segments
- New Vehicle Sales
- Used Vehicle Sales
- Service and Parts
- Finance and Insurance
Geographic Presence
Operates in 22 states across the United States, with significant presence in the West Coast and Mountain regions.
| State Concentration | Number of Dealerships |
|---|---|
| Oregon | 45 dealerships |
| California | 62 dealerships |
| Washington | 38 dealerships |
Stock Performance
NYSE ticker: LAD
- 52-week stock price range: $193.77 - $334.70
- Dividend Yield: 1.2%
- Price-to-Earnings Ratio: 8.5
Brand Representation
Represents multiple automotive brands including:
- Toyota
- Lexus
- Ford
- Chrysler
- Jeep
- Dodge
Recent Acquisitions
Completed acquisition of Bob Richards Auto Group in 2023 for $185 million, expanding presence in Southeast United States.
Employee Information
| Metric | 2023 Data |
|---|---|
| Total Employees | 17,400 |
| Average Annual Compensation | $68,500 |
Who Owns Lithia Motors, Inc. (LAD)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 6,751,404 | 17.42% |
| BlackRock Inc. | 5,243,935 | 13.53% |
| JPMorgan Chase & Co. | 3,749,460 | 9.67% |
| State Street Corporation | 3,216,856 | 8.30% |
Insider Ownership
Bryan DeBoer serves as President, CEO, and Chairman of Lithia Motors, Inc.
- Bryan DeBoer owns 558,296 shares
- Executive ownership represents approximately 1.44% of total shares
Public Ownership Structure
Lithia Motors, Inc. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol LAD.
- Total Outstanding Shares: 38,765,000
- Public Float: 34,216,704 shares
- Market Capitalization: $7.82 billion (as of January 2024)
Lithia Motors, Inc. (LAD) Mission Statement
Company Overview
Lithia Motors, Inc. (LAD) reported total revenue of $28.4 billion for the fiscal year 2023. The company operates 288 dealerships across 26 states in the United States as of December 31, 2023.
Mission Statement Components
| Key Focus Area | Specific Details |
|---|---|
| Sales Volume | 254,415 new vehicles sold in 2023 |
| Market Presence | Represents 28 automotive brands |
| Digital Retail | $1.2 billion in digital retail revenue |
Strategic Objectives
- Achieve $30 billion in annual revenue
- Expand digital sales platform
- Maintain 5% market share in target regions
Financial Performance
Net income for 2023: $771.2 million Earnings per share: $38.52 Return on equity: 26.7%
Operational Metrics
| Metric | 2023 Value |
|---|---|
| Used Vehicle Sales | 217,923 units |
| Service & Parts Revenue | $3.6 billion |
| Total Employee Count | 12,400 employees |
Key Strategic Priorities
- Customer Experience Enhancement
- Technology Integration
- Multi-brand Dealership Expansion
How Lithia Motors, Inc. (LAD) Works
Company Overview
Lithia Motors, Inc. is a publicly traded automotive retailer headquartered in Medford, Oregon. As of 2024, the company operates 294 dealerships across 28 states in the United States.
Business Segments
Lithia Motors operates through multiple business segments:
- New vehicle sales
- Used vehicle sales
- Service and parts operations
- Digital retail platforms
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $28.4 billion |
| Net Income | $1.2 billion |
| Dealership Count | 294 |
| Market Capitalization | $7.8 billion |
Dealership Brands
Lithia Motors represents multiple automotive brands:
- Toyota
- Lexus
- Honda
- Chrysler
- Dodge
- Jeep
- Ford
- Volkswagen
Digital Strategy
Driveway is Lithia's digital retail platform, which generated $1.5 billion in digital retail revenue in 2023.
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Stock Ticker | LAD |
| Stock Price (February 2024) | $300.45 |
| 52-Week High | $334.87 |
| 52-Week Low | $228.13 |
Employee Information
Total employees: 21,500 as of December 2023
How Lithia Motors, Inc. (LAD) Makes Money
Automotive Retail Sales
Lithia Motors generates revenue through new and used vehicle sales across multiple brands. In 2022, the company reported total revenue of $28.0 billion.
| Vehicle Sales Category | 2022 Revenue |
|---|---|
| New Vehicle Sales | $14.7 billion |
| Used Vehicle Sales | $10.2 billion |
Service and Parts Revenue
The company generates significant income from automotive service and parts departments.
- Service and parts revenue in 2022: $3.1 billion
- Average service revenue per dealership: $6.2 million
Financial Services
Lithia Motors earns additional revenue through financing and insurance products.
| Financial Services Income | 2022 Amount |
|---|---|
| Financing Income | $412 million |
| Insurance Commissions | $187 million |
Dealership Network
As of 2022, Lithia Motors operates 284 dealerships across 26 states, representing 25 automotive brands.
- Total dealership locations: 284
- States with dealership presence: 26
- Automotive brands represented: 25
Digital Sales Channels
Online sales and digital platforms contribute to the company's revenue streams.
- Digital retail transactions in 2022: 35% of total sales
- Online vehicle sales revenue: $9.8 billion
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