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Corporation
AUTOMOTIVE & TRANSPORTATION | Automobile Parts
lithia.com

Investments

2

Portfolio Exits

1

Partners & Customers

8

About Lithia Motors

Lithia Motors (NYSE: LAD) retails, finances, and services new and used vehicles. It also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products, and collision repair services. The company was founded in 1946 and is based in Medford, Oregon.

Headquarters Location

150 North Bartlett Street

Medford, Oregon, 97501,

United States

541-776-6401

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Expert Collections containing Lithia Motors

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Find Lithia Motors in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

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Latest Lithia Motors News

Pendragon reveals profits leap amid three-way bidding battle

Sep 27, 2023

The car dealership said late on Tuesday that US car retail giant AutoNation has made a rival takeover proposal for the firm. Pendragon, owner of the Stratstone brand, has posted higher half-year profits (Peter Byrne/PA / PA Archive By C ar dealership Pendragon has posted higher half-year profits as the group finds itself at the centre of a three-way takeover tussle. Its half-year figures, which come just hours after it revealed a rival bid approach from US car retail giant AutoNation, show pre-tax profits rising 10.6% to £36.4 million in the six months to June 30. The owner of the Stratstone and Evans Halshaw dealership brands said like-for-like revenues lifted 15.5% in a “strong” first half, which it said came “despite what remain challenging economic conditions, with pressure from higher interest rates and ongoing elevated levels of cost inflation”. On Tuesday evening, Pendragon said AutoNation had put in an unsolicited takeover proposal worth around £447 million or 32p a share in cash. Pendragon had said last week that it would sell its UK motor and leasing businesses to US motor group Lithia Motors for £250 million, valuing Pendragon at 27.4p a share. Read More We will provide a further update at the appropriate time But Pendragon shareholder Hedin, which owns a 28% stake, then launched a joint unsolicited bid with Penske, which owns Britain’s bigger motor dealer, Sytner. Pendragon rejected an initial 28p a share approach from the pair but then received a further proposed bid worth 32p a share and said it would consider the sweetened offer. The offer from AutoNation has matched the latest offer from Hedin and Penske and is also in cash. On Wednesday, Pendragon said it was looking at all three proposals “in consultation with shareholders”. “We will provide a further update at the appropriate time,” it added. AutoNation is the largest car dealer in the US, with a Nasdaq stock market valuation of around 25.8 billion US dollars (£20.8 billion). It was founded by entrepreneur Wayne Huizenga in Florida in 1996 and has grown to span about 300 dealerships across America. The bidding battle marks the culmination of a lengthy period of takeover interest for Pendragon. It was approached by Swedish motor company Hedin Group last September with a possible takeover offer worth £400 million, or 29p per share. The group, owned by Anders Hedin, was handed an extension to firm up a bid but it did not result in a sale. It came after Pendragon was forced to reject a bid of more than £400 million from an unnamed international company in August last year after being unable to get hold of one of its biggest shareholders. It said at the time that it had managed to get the support of four of the five shareholders but could not get through to the fifth. Register for free to continue reading Sign up for exclusive newsletters, comment on stories, enter competitions and attend events.

Lithia Motors Investments

2 Investments

Lithia Motors has made 2 investments. Their latest investment was in Shift Technologies as part of their Debt on September 9, 2018.

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Lithia Motors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/13/2018

Debt

Shift Technologies

$70M

No

4

9/13/2018

Series D

Subscribe to see more

$99M

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10

Date

9/13/2018

9/13/2018

Round

Debt

Series D

Company

Shift Technologies

Subscribe to see more

Amount

$70M

$99M

New?

No

Subscribe to see more

Co-Investors

Sources

4

10

Lithia Motors Portfolio Exits

1 Portfolio Exit

Lithia Motors has 1 portfolio exit. Their latest portfolio exit was Shift Technologies on October 13, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/13/2020

Reverse Merger

$99M

4

Date

10/13/2020

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

4

Lithia Motors Acquisitions

22 Acquisitions

Lithia Motors acquired 22 companies. Their latest acquisition was CarStore on September 18, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/18/2023

$99M

Acquired

2

9/18/2023

$99M

Acquired

2

9/18/2023

$99M

Acquired - II

2

9/18/2023

Subscribe to see more

$99M

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10

11/29/2022

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$99M

Subscribe to see more

10

Date

9/18/2023

9/18/2023

9/18/2023

9/18/2023

11/29/2022

Investment Stage

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

Acquired

Acquired - II

Subscribe to see more

Subscribe to see more

Sources

2

2

2

10

10

Lithia Motors Partners & Customers

8 Partners and customers

Lithia Motors has 8 strategic partners and customers. Lithia Motors recently partnered with PFAFF Automotive Partners on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/31/2021

Partner

Canada

Lithia & Driveway (LAD) launch into Canada with Pfaff partnership

31 , 2021 -- Lithia and Pfaff Automotive Partners today announced a new partnership , the first step in LAD 's expansion into Canada .

1

11/26/2019

Partner

United States

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10

3/27/2019

Partner

United States

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10

12/20/2018

Partner

United States

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10

10/11/2018

Partner

Canada

Subscribe to see more

Subscribe to see more

10

Date

8/31/2021

11/26/2019

3/27/2019

12/20/2018

10/11/2018

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Canada

United States

United States

United States

Canada

News Snippet

Lithia & Driveway (LAD) launch into Canada with Pfaff partnership

31 , 2021 -- Lithia and Pfaff Automotive Partners today announced a new partnership , the first step in LAD 's expansion into Canada .

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Sources

1

10

10

10

10

Compare Lithia Motors to Competitors

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P
Penske Automotive Group

Penske Automotive Group (NYSE: PAG) is an international transportation company. It operates automotive and commercial truck dealerships and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services. The company was founded in 1990 and is based in Bloomfield Hills, Michigan.

AutoNation Logo
AutoNation

AutoNation (NYSE: AN) operates as an automotive retailer. The company offers automotive products and services such as new and used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It was founded in 1990 and is based in Fort Lauderdale, Florida.

Sonic Automotive Logo
Sonic Automotive

Sonic Automotive (NYSE: SAH) operates as an automotive dealer and retailer. It provides comprehensive services, including sales of both new and used cars, and light trucks, the sale of replacement parts, vehicle maintenance, paint, and repair services, and also offers warranty and financing services. The company was founded in 1997 and is based in Charlotte, North Carolina.

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