LAD - Lithia Motors: A Success Story That Keeps Going
Lithia Motors (LAD) has been one of the strongest performers this year. The domestic economy has been crushed, unemployment has skyrocketed and Lithia, a car dealership stock, is up 60% year-to-date. What seems to be completely nuts is the result of a very powerful business model that, despite a sales decline, managed to turn the bottom line into an unexpected force in the second quarter (and prior quarters/years). While I am currently not adding to my cyclical portfolio, I believe Lithia is the go-to stock in its industry.
Source: Lithia Motors