| Market Capitalization (Millions $) |
8,265 |
| Shares
Outstanding (Millions) |
23 |
| Employees |
30,000 |
| Revenues (TTM) (Millions $) |
37,937 |
| Net Income (TTM) (Millions $) |
720 |
| Cash Flow (TTM) (Millions $) |
17 |
| Capital Exp. (TTM) (Millions $) |
299 |
Business Description
Lithia Motors Inc. is a publicly traded company headquartered in Medford, Oregon with over 200 dealer locations across the United States. The company operates through two segments: Automotive Retailing and Corporate & Other.
The Automotive Retailing segment includes the sale of new and used vehicles along with ancillary products and services such as finance and insurance, vehicle maintenance and repair, and parts and accessories. Lithia's dealerships represent 32 vehicle brands and offer a wide range of cars, trucks, SUVs, and vans.
The Corporate & Other segment includes Lithia's real estate portfolio, which includes dealership properties and other investments in real estate.
Lithia Motors Inc. was founded in 1946 and has grown to become one of the largest automotive retailers in the United States. The company has a strong focus on customer satisfaction and has earned numerous awards for outstanding service, including the J.D. Power Dealer of Excellence Award and the Women's Choice Award.
Lithia's business model includes a focus on growth through acquisition. The company has completed 164 acquisitions since 1996, which has allowed it to expand its geographic footprint and increase its brand offerings. Recently, Lithia has undertaken an aggressive acquisition strategy, with plans to add 45 to 55 dealerships each year.
Lithia is also committed to sustainability and corporate social responsibility. The company has implemented numerous eco-friendly initiatives, such as solar installations and energy-efficient lighting, and it is dedicated to reducing its environmental impact. Lithia is also active in supporting local communities through charitable contributions and volunteer work.
Lithia's financial performance has been strong in recent years. The company reported a revenue of $14.1 billion in 2020, up from $12.1 billion in 2019. Net income was $326 million in 2020, compared to $218 million in 2019. Lithia has consistently delivered positive financial results and has demonstrated the ability to adapt and thrive in a rapidly changing industry.
Company Address: 150 N. Bartlett Street Zagreb 97501 City of Zagreb
Company Phone Number: 776-6401 Stock Exchange / Ticker: NYSE LAD
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