- CEO
- Bryan DeBoer
- Full Time Employees
- 30,000
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 150 North Bartlett Street Medford OR United States of America 97501
- IPO Date
- Dec 18, 1996
- Business
- Lithia Motors, Inc. (NYSE: LAD), doing business as Lithia & Driveway, operates as one of the largest automotive retailers in North America and the United Kingdom, providing a comprehensive array of products and services throughout the vehicle ownership lifecycle; these include new and used vehicles encompassing economy cars, luxury sedans, sport utility vehicles, trucks, electric and hybrid models, convertibles, coupes, cargo vans, hatchbacks, multi-purpose vehicles, wagons and minivans from domestic and imported brands; vehicle maintenance, warranty coverage, paint and body repair, collision services and aftermarket parts through factory-trained technicians; financing and insurance products via its captive Driveway Finance Corporation, including loans, leases, vehicle service contracts, GAP insurance and credit protection; e-commerce platforms such as Driveway.com and GreenCars.com for online buying, selling, servicing and sustainable vehicle shopping; fleet management solutions; and automotive intelligence software through strategic technology partnerships. The company serves individual consumers, families, businesses and fleet operators via a network of approximately 298 physical dealership locations in the United States, 15 in Canada and 151 in the United Kingdom, complemented by digital channels for omnichannel access. Founded in 1946 by Walt DeBoer in Ashland, Oregon, with a single Chrysler-Plymouth-Dodge dealership, Lithia Motors is headquartered in Medford, Oregon, and has evolved under family leadership into a publicly traded growth-oriented entity since 1996, emphasizing acquisitions, operational efficiencies and diversification into adjacencies like financing and software to modernize personal transportation solutions wherever, whenever and however consumers desire. In recent developments, Lithia Motors continues aggressive expansion through high-profile acquisitions, including Porsche Beverly Hills and Audi Santa Monica in Southern California in November 2025 adding an estimated $450 million in annualized revenue from luxury brands with global volume potential, three Florida dealerships (Duval Honda, Duval Acura and Subaru of Gainesville) in 2024 contributing over $200 million annually, and ongoing store additions targeting $2-4 billion in annual acquired revenues; it sold three Michigan dealerships (Suburban Infiniti, Nissan and Volkswagen of Troy) in 2024 to refine its portfolio; advanced its Pinewood.AI partnership with a June 2025 agreement allowing Pinewood to acquire Lithia's 51% stake in their North American joint venture for $76.5 million while committing to a five-year contract for Pinewood Automotive Intelligence platform rollout across all US and Canadian dealerships by 2028, following the 2024 Pinewood independence from Pendragon and UK software deployment; scaled Driveway Finance Corporation penetration to 15% of US units with $731 million in Q2 2025 originations and over $4 billion in managed receivables, aiming for 20%; reported record Q2 2025 revenue of $9.6 billion with 4% same-store sales growth and doubled financing income to $20 million; repurchased nearly 875,000 shares for $274 million in Q4 2025 at an average $313 per share using up to 50% of free cash flow; and earned recognitions such as TIME America's Growth Leaders and Best Dealerships to Work for in Canada.