Intrinsic value of Lithia Motors Cl A - LAD

Previous Close

$121.55

  Intrinsic Value

$56.99

stock screener

  Rating & Target

str. sell

-53%

Previous close

$121.55

 
Intrinsic value

$56.99

 
Up/down potential

-53%

 
Rating

str. sell

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of LAD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  10.35
  15.70
  14.63
  13.67
  12.80
  12.02
  11.32
  10.69
  10.12
  9.61
  9.15
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
  6.98
  6.78
  6.61
  6.45
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
Revenue, $m
  8,678
  10,040
  11,509
  13,082
  14,757
  16,531
  18,402
  20,368
  22,429
  24,584
  26,832
  29,174
  31,613
  34,149
  36,785
  39,525
  42,372
  45,330
  48,406
  51,604
  54,930
  58,391
  61,994
  65,747
  69,658
  73,735
  77,988
  82,427
  87,061
  91,901
  96,960
Variable operating expenses, $m
 
  9,595
  10,995
  12,494
  14,089
  15,780
  17,563
  19,437
  21,401
  23,454
  25,597
  27,804
  30,128
  32,544
  35,057
  37,668
  40,381
  43,201
  46,131
  49,179
  52,349
  55,647
  59,081
  62,658
  66,385
  70,271
  74,324
  78,554
  82,970
  87,583
  92,404
Fixed operating expenses, $m
 
  48
  49
  51
  52
  53
  55
  56
  57
  59
  60
  62
  63
  65
  66
  68
  70
  72
  73
  75
  77
  79
  81
  83
  85
  87
  89
  92
  94
  96
  99
Total operating expenses, $m
  8,340
  9,643
  11,044
  12,545
  14,141
  15,833
  17,618
  19,493
  21,458
  23,513
  25,657
  27,866
  30,191
  32,609
  35,123
  37,736
  40,451
  43,273
  46,204
  49,254
  52,426
  55,726
  59,162
  62,741
  66,470
  70,358
  74,413
  78,646
  83,064
  87,679
  92,503
Operating income, $m
  338
  398
  465
  538
  616
  698
  784
  875
  971
  1,070
  1,175
  1,309
  1,422
  1,540
  1,662
  1,789
  1,921
  2,058
  2,201
  2,349
  2,504
  2,665
  2,832
  3,006
  3,188
  3,377
  3,575
  3,781
  3,997
  4,222
  4,457
EBITDA, $m
  387
  470
  545
  625
  710
  800
  896
  996
  1,101
  1,211
  1,325
  1,445
  1,569
  1,699
  1,833
  1,973
  2,118
  2,269
  2,426
  2,590
  2,759
  2,936
  3,120
  3,312
  3,512
  3,720
  3,938
  4,165
  4,402
  4,650
  4,908
Interest expense (income), $m
  50
  82
  98
  115
  133
  153
  173
  195
  218
  242
  267
  293
  320
  349
  378
  409
  441
  474
  508
  544
  581
  620
  660
  702
  746
  791
  839
  888
  940
  994
  1,050
Earnings before tax, $m
  284
  316
  368
  423
  482
  545
  611
  680
  753
  829
  908
  1,016
  1,102
  1,191
  1,284
  1,380
  1,480
  1,584
  1,693
  1,805
  1,923
  2,045
  2,172
  2,304
  2,442
  2,586
  2,736
  2,893
  3,057
  3,228
  3,407
Tax expense, $m
  87
  85
  99
  114
  130
  147
  165
  184
  203
  224
  245
  274
  297
  322
  347
  373
  400
  428
  457
  487
  519
  552
  586
  622
  659
  698
  739
  781
  825
  872
  920
Net income, $m
  197
  230
  268
  309
  352
  398
  446
  496
  549
  605
  663
  742
  804
  869
  937
  1,007
  1,081
  1,157
  1,236
  1,318
  1,403
  1,493
  1,585
  1,682
  1,783
  1,888
  1,997
  2,112
  2,232
  2,357
  2,487

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  50
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,844
  4,390
  5,033
  5,720
  6,453
  7,228
  8,046
  8,906
  9,807
  10,749
  11,732
  12,757
  13,823
  14,932
  16,084
  17,282
  18,527
  19,821
  21,166
  22,564
  24,018
  25,532
  27,107
  28,748
  30,458
  32,241
  34,101
  36,041
  38,068
  40,184
  42,396
Adjusted assets (=assets-cash), $m
  3,794
  4,390
  5,033
  5,720
  6,453
  7,228
  8,046
  8,906
  9,807
  10,749
  11,732
  12,757
  13,823
  14,932
  16,084
  17,282
  18,527
  19,821
  21,166
  22,564
  24,018
  25,532
  27,107
  28,748
  30,458
  32,241
  34,101
  36,041
  38,068
  40,184
  42,396
Revenue / Adjusted assets
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
  2.287
Average production assets, $m
  1,113
  1,285
  1,473
  1,675
  1,889
  2,116
  2,355
  2,607
  2,871
  3,147
  3,434
  3,734
  4,046
  4,371
  4,708
  5,059
  5,424
  5,802
  6,196
  6,605
  7,031
  7,474
  7,935
  8,416
  8,916
  9,438
  9,982
  10,551
  11,144
  11,763
  12,411
Working capital, $m
  365
  2,239
  2,567
  2,917
  3,291
  3,686
  4,104
  4,542
  5,002
  5,482
  5,984
  6,506
  7,050
  7,615
  8,203
  8,814
  9,449
  10,109
  10,794
  11,508
  12,249
  13,021
  13,825
  14,662
  15,534
  16,443
  17,391
  18,381
  19,415
  20,494
  21,622
Total debt, $m
  2,392
  2,796
  3,284
  3,806
  4,363
  4,952
  5,574
  6,228
  6,912
  7,628
  8,376
  9,154
  9,964
  10,807
  11,683
  12,594
  13,540
  14,523
  15,545
  16,608
  17,713
  18,863
  20,060
  21,307
  22,607
  23,962
  25,375
  26,850
  28,390
  29,999
  31,680
Total liabilities, $m
  2,933
  3,337
  3,825
  4,347
  4,904
  5,493
  6,115
  6,769
  7,453
  8,169
  8,917
  9,695
  10,505
  11,348
  12,224
  13,135
  14,081
  15,064
  16,086
  17,149
  18,254
  19,404
  20,601
  21,848
  23,148
  24,503
  25,916
  27,391
  28,931
  30,540
  32,221
Total equity, $m
  911
  1,054
  1,208
  1,373
  1,549
  1,735
  1,931
  2,137
  2,354
  2,580
  2,816
  3,062
  3,317
  3,584
  3,860
  4,148
  4,447
  4,757
  5,080
  5,415
  5,764
  6,128
  6,506
  6,900
  7,310
  7,738
  8,184
  8,650
  9,136
  9,644
  10,175
Total liabilities and equity, $m
  3,844
  4,391
  5,033
  5,720
  6,453
  7,228
  8,046
  8,906
  9,807
  10,749
  11,733
  12,757
  13,822
  14,932
  16,084
  17,283
  18,528
  19,821
  21,166
  22,564
  24,018
  25,532
  27,107
  28,748
  30,458
  32,241
  34,100
  36,041
  38,067
  40,184
  42,396
Debt-to-equity ratio
  2.626
  2.650
  2.720
  2.770
  2.820
  2.850
  2.890
  2.910
  2.940
  2.960
  2.970
  2.990
  3.000
  3.020
  3.030
  3.040
  3.040
  3.050
  3.060
  3.070
  3.070
  3.080
  3.080
  3.090
  3.090
  3.100
  3.100
  3.100
  3.110
  3.110
  3.110
Adjusted equity ratio
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240
  0.240

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  197
  230
  268
  309
  352
  398
  446
  496
  549
  605
  663
  742
  804
  869
  937
  1,007
  1,081
  1,157
  1,236
  1,318
  1,403
  1,493
  1,585
  1,682
  1,783
  1,888
  1,997
  2,112
  2,232
  2,357
  2,487
Depreciation, amort., depletion, $m
  49
  73
  79
  87
  95
  103
  112
  121
  130
  140
  151
  136
  147
  159
  171
  184
  197
  211
  225
  240
  256
  272
  289
  306
  324
  343
  363
  384
  405
  428
  451
Funds from operations, $m
  -98
  303
  348
  396
  447
  501
  557
  617
  680
  745
  813
  877
  951
  1,028
  1,108
  1,191
  1,278
  1,368
  1,461
  1,558
  1,659
  1,764
  1,874
  1,988
  2,107
  2,231
  2,360
  2,496
  2,637
  2,784
  2,938
Change in working capital, $m
  -185
  304
  328
  351
  373
  396
  417
  439
  460
  480
  501
  522
  544
  566
  588
  611
  635
  660
  686
  713
  742
  772
  804
  837
  872
  909
  948
  990
  1,033
  1,079
  1,128
Cash from operations, $m
  87
  -1
  20
  45
  73
  105
  140
  179
  220
  265
  312
  355
  408
  463
  520
  580
  643
  708
  775
  845
  917
  993
  1,070
  1,151
  1,235
  1,322
  1,412
  1,506
  1,603
  1,705
  1,810
Maintenance CAPEX, $m
  0
  -40
  -47
  -54
  -61
  -69
  -77
  -86
  -95
  -104
  -114
  -125
  -136
  -147
  -159
  -171
  -184
  -197
  -211
  -225
  -240
  -256
  -272
  -289
  -306
  -324
  -343
  -363
  -384
  -405
  -428
New CAPEX, $m
  -101
  -173
  -188
  -201
  -214
  -227
  -239
  -252
  -264
  -276
  -288
  -300
  -312
  -325
  -337
  -351
  -364
  -379
  -394
  -409
  -426
  -443
  -461
  -480
  -501
  -522
  -544
  -568
  -593
  -620
  -647
Cash from investing activities, $m
  -352
  -213
  -235
  -255
  -275
  -296
  -316
  -338
  -359
  -380
  -402
  -425
  -448
  -472
  -496
  -522
  -548
  -576
  -605
  -634
  -666
  -699
  -733
  -769
  -807
  -846
  -887
  -931
  -977
  -1,025
  -1,075
Free cash flow, $m
  -265
  -214
  -214
  -210
  -202
  -191
  -176
  -159
  -138
  -115
  -90
  -70
  -40
  -9
  24
  59
  95
  132
  171
  210
  252
  294
  337
  382
  428
  476
  524
  575
  627
  680
  735
Issuance/(repayment) of debt, $m
  396
  454
  488
  523
  556
  589
  622
  653
  685
  716
  747
  778
  810
  843
  876
  910
  946
  983
  1,022
  1,063
  1,105
  1,150
  1,197
  1,247
  1,300
  1,355
  1,413
  1,475
  1,540
  1,609
  1,681
Issuance/(repurchase) of shares, $m
  -106
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  294
  454
  488
  523
  556
  589
  622
  653
  685
  716
  747
  778
  810
  843
  876
  910
  946
  983
  1,022
  1,063
  1,105
  1,150
  1,197
  1,247
  1,300
  1,355
  1,413
  1,475
  1,540
  1,609
  1,681
Total cash flow (excl. dividends), $m
  29
  240
  274
  313
  355
  399
  446
  495
  546
  600
  657
  709
  770
  834
  900
  969
  1,041
  1,115
  1,193
  1,273
  1,357
  1,444
  1,535
  1,629
  1,728
  1,831
  1,938
  2,050
  2,167
  2,289
  2,416
Retained Cash Flow (-), $m
  -83
  -143
  -154
  -165
  -176
  -186
  -196
  -206
  -216
  -226
  -236
  -246
  -256
  -266
  -277
  -288
  -299
  -310
  -323
  -336
  -349
  -363
  -378
  -394
  -410
  -428
  -446
  -466
  -486
  -508
  -531
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  97
  120
  148
  179
  213
  249
  288
  330
  374
  421
  463
  514
  568
  623
  682
  742
  805
  870
  937
  1,008
  1,081
  1,157
  1,235
  1,317
  1,403
  1,491
  1,584
  1,680
  1,781
  1,885
Discount rate, %
 
  10.80
  11.34
  11.91
  12.50
  13.13
  13.78
  14.47
  15.20
  15.96
  16.75
  17.59
  18.47
  19.40
  20.37
  21.38
  22.45
  23.58
  24.75
  25.99
  27.29
  28.66
  30.09
  31.59
  33.17
  34.83
  36.57
  38.40
  40.32
  42.34
  44.45
PV of cash for distribution, $m
 
  88
  96
  105
  112
  115
  115
  112
  106
  99
  89
  78
  67
  57
  47
  37
  29
  22
  16
  12
  8
  5
  4
  2
  1
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Lithia Motors, Inc. is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com. It operates through three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. Its Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.

FINANCIAL RATIOS  of  Lithia Motors Cl A (LAD)

Valuation Ratios
P/E Ratio 15.5
Price to Sales 0.4
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow 35.1
Price to Free Cash Flow -218.3
Growth Rates
Sales Growth Rate 10.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 21.7%
Cap. Spend. - 3 Yr. Gr. Rate 15.1%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 84.4%
Total Debt to Equity 262.6%
Interest Coverage 7
Management Effectiveness
Return On Assets 6.6%
Ret/ On Assets - 3 Yr. Avg. 6.7%
Return On Total Capital 6.5%
Ret/ On T. Cap. - 3 Yr. Avg. 6.8%
Return On Equity 22.7%
Return On Equity - 3 Yr. Avg. 23.4%
Asset Turnover 2.5
Profitability Ratios
Gross Margin 15%
Gross Margin - 3 Yr. Avg. 15.1%
EBITDA Margin 4.4%
EBITDA Margin - 3 Yr. Avg. 4.6%
Operating Margin 3.9%
Oper. Margin - 3 Yr. Avg. 4%
Pre-Tax Margin 3.3%
Pre-Tax Margin - 3 Yr. Avg. 3.5%
Net Profit Margin 2.3%
Net Profit Margin - 3 Yr. Avg. 2.4%
Effective Tax Rate 30.6%
Eff/ Tax Rate - 3 Yr. Avg. 32.2%
Payout Ratio 12.2%

LAD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LAD stock intrinsic value calculation we used $8678 million for the last fiscal year's total revenue generated by Lithia Motors Cl A. The default revenue input number comes from 2016 income statement of Lithia Motors Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our LAD stock valuation model: a) initial revenue growth rate of 15.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.8%, whose default value for LAD is calculated based on our internal credit rating of Lithia Motors Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Lithia Motors Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of LAD stock the variable cost ratio is equal to 95.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $47 million in the base year in the intrinsic value calculation for LAD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Lithia Motors Cl A.

Corporate tax rate of 27% is the nominal tax rate for Lithia Motors Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the LAD stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for LAD are equal to 12.8%.

Life of production assets of 27.5 years is the average useful life of capital assets used in Lithia Motors Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for LAD is equal to 22.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $911 million for Lithia Motors Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 24.991 million for Lithia Motors Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Lithia Motors Cl A at the current share price and the inputted number of shares is $3.0 billion.

RELATED COMPANIES Price Int.Val. Rating
GPI Group 1 Automo 80.63 76.36  hold
SAH Sonic Automoti 21.55 19.51  hold
AN AutoNation 55.45 49.21  hold
PAG Penske Automot 48.23 34.15  sell
ABG Asbury Automot 67.55 57.12  hold
RUSHA Rush Enterpris 48.69 3.63  str.sell

COMPANY NEWS

▶ Top 4 Small-Cap Stocks for 2017   [Dec-05-17 10:40AM  Investopedia]
▶ Two Stocks for the Automotive Industry Enthusiast   [Nov-29-17 12:11PM  GuruFocus.com]
▶ Top 4 Small-Cap Stocks for 2017   [Nov-06-17 11:59AM  Investopedia]
▶ Lithia Motors misses 3Q profit forecasts   [Oct-25-17 07:21AM  Associated Press]
▶ Lithia Schedules Release of Third Quarter 2017 Results   [Oct-11-17 07:00AM  Business Wire]
▶ 5 Stocks With Exciting Interest Coverage Ratio   [Sep-18-17 10:14AM  Zacks]
▶ New Strong Buy Stocks for September 15th   [Sep-15-17 10:39AM  Zacks]
▶ [$$] Houston and Auto Retail   [Sep-05-17 08:41AM  Barrons.com]
▶ New Strong Buy Stocks for August 30th   [Aug-30-17 09:11AM  Zacks]
▶ Lithia Motors beats 2Q profit forecasts   [Jul-28-17 10:25PM  Associated Press]
▶ Lithia Motors beats 2Q profit forecasts   [07:22AM  Associated Press]
▶ ETFs with exposure to Lithia Motors, Inc. : July 24, 2017   [Jul-24-17 04:56PM  Capital Cube]
▶ The Best Stock in Oregon: Lithia Motors   [Jul-21-17 12:20PM  Kiplinger]
▶ Lithia Motors Shows Rising Relative Strength; Still Shy Of Key Threshold   [Jul-18-17 03:00AM  Investor's Business Daily]
▶ Lithia Announces Pricing of Senior Notes Offering   [Jul-17-17 04:47PM  Business Wire]
▶ ETFs with exposure to Lithia Motors, Inc. : July 14, 2017   [Jul-14-17 03:17PM  Capital Cube]
▶ Retail, oil and autos embolden broader rally   [Jul-13-17 07:04PM  CNBC Videos]
▶ Auto Dealers Are Wednesday Winners: CarMax, GM Flirt With Buys   [04:09PM  Investor's Business Daily]
▶ This 'Tsunami' Is Set To Hit Auto Sales, Slamming Sector   [Jun-16-17 04:23PM  Investor's Business Daily]
▶ ETFs with exposure to Lithia Motors, Inc. : May 3, 2017   [May-03-17 04:03PM  Capital Cube]
▶ Oregon auto dealer acquires Baierl Auto Group   [May-01-17 09:26PM  American City Business Journals]
▶ Top Ranked Value Stocks to Buy for April 25th   [Apr-25-17 10:16AM  Zacks]
▶ Why CalAmp, Lithia Motors, and Lam Research Jumped Today   [Apr-19-17 04:33PM  Motley Fool]
▶ Story Stocks from Briefing.com   [12:37PM  Briefing.com]
▶ Lithia Motors beats 1Q profit forecasts   [07:09AM  Associated Press]
▶ 5 Stocks with Great Earnings Charts   [Apr-18-17 01:55PM  Zacks]
▶ Lithia Schedules Release of First Quarter 2017 Results   [Apr-12-17 07:13PM  Business Wire]
Financial statements of LAD
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.