LAD News and Press, Lithia Motors Inc. From 02/14/23

Used car and truck prices marked another monthly decline in the latest CPI report. According to the data , used auto prices fell 1.9% from December 2022 into January 2023, marking the seventh straight sequential drop for the index. As compared to January 2022, used car and truck p...

Summary David Abrams’ 13F portfolio value decreased this quarter from $3.47B to $2.80B. The number of positions decreased from 18 to 15. The Meta Platforms stake was increased substantially while decreasing TransDigm Group, Energy Transfer, Alphabet, Willis Towers Watson, and Tev...

Summary The January market rally saw small caps leading the way, followed by mid-caps. The SMID Moat Index benefited most from its exposure to consumer discretionary, industrials, and information technology companies. Stock selection within smaller cap stocks, though less exposure, ...

Summary Despite our largest holding declining sharply during the month, gains elsewhere in the portfolio helped overall performance. I remain optimistic for the year ahead and our investment strategy. The apparent return of the meme-stock mania has led to somewhat of a short-squeeze...

Summary Comparing Tesla's gross margin to other automakers is not an accurate comparison. The profits generated from traditional automakers on a per vehicle basis are equal to or greater than Tesla. Tesla's competitors are more capable of handling a price war than they appear to be....

Lithia & Driveway (LAD) Schedules Release of Fourth Quarter 2022 Results Lithia & Driveway (LAD) Schedules Release of Fourth Quarter 2022 Results PR Newswire MEDFORD, Ore. , Jan. 24, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announc...

Summary Lithia has been a huge winner over the past decade as they roll up franchised dealerships. Lithia is looking to transform its business by fully embracing online. At the same time, we must answer questions about if COVID-era profitability levels can continue. Thesis...

Lithia Motors ( NYSE: LAD ) in talks to acquire Ferrari dealer Jardine Motors for about £300M, citing people familiar with the matter. This takeover would give the company a substantial foothold in the UK, with access to luxury car brands including Ferrari and Maserati, sources s...

Summary Penske Automotive Group continues to generate attractive revenue growth, but profits and cash flows have weakened a bit. Despite this, management has done well to reward shareholders through share buybacks. The firm could see some weakness ahead, but this doesn't change the ...

Wells Fargo cut its rating on Lithia Motors ( NYSE: LAD ) to Equal Weight from Overweight on its view that the risk-reward profile on the auto supplier stock is now balanced. Analyst Colin Langan and team anticipate Lithia's gross margin rates will begin to fall from current record hi...