Lithia Motors
Lithia wants stores across U.S., in Canada
April 9Lithia Motors wants to be in all regions of the U.S. and eventually cross the border to Canada as it gains scale for a changing future.
Lithia turns up heat on Group 1 in rankings
March 5Lithia Motors, the fourth-largest dealership group based in the United States, may climb in Automotive News' rankings in part because of acquisitions.
Lithia buys New Jersey stores from Prestige
March 1Lithia Motors bought six stores from Prestige Family of Fine Cars group in New Jersey, further expanding its East Coast presence and adding $900 million in revenue.
Lithia buys more stores near Pittsburgh
Feb. 27Lithia Motors expanded its presence in Pittsburgh with the purchase of Day Automotive Group. Day is estimated to generate $340 million in annual revenue.
Lithia Q4 net surges on tax gains, record revenue
Feb. 14Lithia Motors' fourth-quarter net income surged on special gains, particularly from tax-law changes, and record revenue.
WALL ST. WINNER
Nov. 20, 2017Of the six publicly traded new-vehicle dealership groups, Lithia Motors — which prioritized US acquisitions over share buybacks — has drawn the most applause from Wall Street.
Public groups predict turnaround
Oct. 30, 2017Public dealership groups had a mixed third quarter, depending on how hard they were hit by hurricanes. But all predicted a robust fourth quarter. Here's why.
Lithia's Q3 net income drops 4% from strong year-earlier quarter
Oct. 25, 2017Lithia Motors' acquisitions pushed revenue up sharply in the third quarter, but higher costs and comparison against a strong 2016 pushed net down 4 percent.
Lithia adds 5 stores, looks to buy more
Aug. 14, 2017On the heels of one of its biggest deals yet, Lithia Motors plans to keep up its aggressive acquisition pace.
Lithia positioned to make majority investments in minority dealers
Aug. 14, 2017Lithia Motors is looking to buy a majority stake in dealerships run by minority dealers who need an investor's backing.
Lithia's acquisition in Calif. adds $1 billion in revenue
Aug. 8, 2017Lithia Motors said it bought Downtown Los Angeles Auto Group, also known as Shammas Automotive Group, adding $1 billion in annual revenue.
Softer sales, margins hit public retailers
July 31, 2017Publicly traded auto retailers had to balance gains in used-car sales, finance and insurance revenues and service and parts income against softer new-vehicle sales and margins in the second quarter. Results were mixed.
