Lithia Motors, Inc.
boothcheck covers Lithia Motors, Inc. (LAD) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Lithia is the largest auto-dealer roll-up in the United States, growing by acquiring dealerships and layering on higher-margin parts, service, and its own Driveway finance arm rather than relying on the thin margins of selling cars [Source: Lithia Q1 2026 results, April 2026]. • The price is cheap on cash earnings: at roughly 11 times operating income it sits below what even a modest profit decline would warrant, and the company is shrinking its share count nearly 6% a year through buybacks. •
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416 institutional managers reported holding LAD in 13F filings for the quarter ended 2026-03-31. 45 opened new positions that quarter. Held by BlackRock, Abrams Capital, Vanguard Group, among others. On the short side, 2.8M shares were sold short as of the 2026-06-15 count, about 12% of shares outstanding (10.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
LAD has cut its share count 16.7% over the past five years, spending $2.58B on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 12 years straight; the current rate is $2.18 a share annually. Cash returned over the past three years: $152.00M in dividends and $1.66B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at LAD over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
LAD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +5.4% | -11.7% |
| 2023-10-28 | -2.5% | +39.0% |
| 2024-02-24 | +2.0% | -8.9% |
| 2024-04-27 | -2.6% | -3.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
LAD's latest 8-K filings: 2026-07-29 (items 2.02, 8.01, 9.01); 2026-05-01 (items 5.07, 9.01); 2026-04-29 (items 2.02, 8.01, 9.01); 2026-03-04 (items 1.01, 9.01); 2026-02-20 (items 5.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.