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Lithia Motors
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Automotive retailer offering vehicle sales and services
Lithia Motors
Work Here?
Automotive retailer offering vehicle sales and services
About Lithia Motors
Industries
Automotive & Transportation
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Medford, Oregon
Founded
1946
Overview
Lithia & Driveway is a major automotive retailer that operates over 300 stores in the US, UK, and Canada, representing more than 50 different car brands. The company sells both new and used vehicles and offers additional services such as financing, insurance, and after-sales support. Lithia & Driveway generates revenue through vehicle sales, service contracts, and financial products. What sets Lithia apart from its competitors is its commitment to a high-performance culture and core values that prioritize personal ownership, continuous improvement, and customer satisfaction. The company's goal is to provide a diverse range of automotive products and services while promoting inclusion and career opportunities within its workforce.
Simplify's Take
What believers are saying
- Lithia reported record fourth quarter revenue of $9.2 billion, a 20% increase.
- The company expanded its retail network by acquiring Elk Grove Subaru and Duval Motor locations.
- Lithia's financing operations became profitable, enhancing its financial product offerings.
What critics are saying
- Increased competition from online retailers like Carvana could impact Lithia's market share.
- The ongoing semiconductor shortage may affect Lithia's vehicle inventory and sales growth.
- Rising interest rates could reduce demand for vehicle purchases, impacting financing operations.
What makes Lithia Motors unique
- Lithia Motors operates over 300 stores across the US, UK, and Canada.
- The company represents more than 50 automotive brands, offering diverse vehicle options.
- Lithia emphasizes a high-performance culture and core values like personal ownership and improvement.
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Funding
Total Funding
$400M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Holidays
Paid Vacation
401(k) Retirement Plan
Employee Stock Purchase Plan
Wellness Programs
Vehicle Purchase Discounts
Company News
Lithia acquires Elk Grove Subaru dealership, neighboring land - sacramento business journal.
/PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced the acquisition today of Elk Grove Subaru in Elk Grove, California, adding an additional store to its...
Essex Financial Services Inc. makes new Investment in Lithia Motors, Inc. (NYSE:LAD).
Announces Dividend of $0.53 per Share for Fourth Quarter. MEDFORD, Ore., Feb. 12, 2025 /PRNewswire/ -- Lithia Driveway (NYSE: LAD) today reported the highest fourth quarter revenue in company history and the first profitable year for Financing Operations, which includes Driveway Finance Corporation. Fourth quarter 2024 revenue increased 20% to $9.2 billion from $7.7 billion in the fourth quarter of 2023
Castleark Management LLC makes new $2.72 million Investment in Lithia Motors, Inc. (NYSE:LAD).
Lithia Motors is Hiring for 253 Jobs on Simplify!
Find jobs on Simplify and start your career today
Sales & Account Management
82 Open Roles
Accounting
19 Open Roles
Finance & Banking
14 Open Roles
Business & Strategy
12 Open Roles
Operations & Logistics
7 Open Roles
Retail
6 Open Roles
Growth & Marketing
2 Open Roles
Product
1 Open Roles
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About Lithia Motors
Industries
Automotive & Transportation
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Medford, Oregon
Founded
1946
Lithia Motors is Hiring for 253 Jobs on Simplify!
Find jobs on Simplify and start your career today
Sales & Account Management
82 Open Roles
Accounting
19 Open Roles
Finance & Banking
14 Open Roles
Business & Strategy
12 Open Roles
Operations & Logistics
7 Open Roles
Retail
6 Open Roles
Growth & Marketing
2 Open Roles
Product
1 Open Roles
People Also Viewed
Discover companies similar to Lithia Motors