We See Lithia as a Powerful Operator With a Long Growth Runway

Lithia Motors' business model is strong because it is the only large publicly traded dealer operating in rural and metro markets. Rural markets are unattractive to larger public dealers, as their management teams have no interest in small cities and they have import and luxury brand mixes more favorable to suburban markets. Nationwide, many Lithia brand stores have no competitors within 100 miles, giving Lithia pricing power.