Opinions

Colin Stewart Lithia Motors LAD-N PAST TOP PICK Apr 16, 2013

(A Top Pick March 27/12. Up 70.7%.) Basically owns auto dealerships in Southwest US and up the West Coast. Their largest partner was Chrysler, which was a depressed brand that he thought was due for a bit of a resurgence, which happened. Gradually sold out of his position over the last 4 or 5 months.

Colin Stewart

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$44.870

Stock price when the opinion was issued

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TOP PICK

Way to participate in a recovering auto industry in the US. Car dealerships in US Midwest. Cheap valuations. Chrysler, their biggest brand, is experiencing a big resurgence.

BUY

It's cleaning up by buying smaller dealerships and synergizing them well. Just reported a blow-out quarter. Shares have more than tripled since the March low. The current car boom is a huge tailwind.

BUY

It's had a huge run, but is now cooling off. This is in good shape until the chip shortage ends, which he expects in mid-2022. He likes this stock.

BUY

Used car companies can't get enough inventory, so their shares have stalled, but LAD can add product. You may have to be patient with this, though.

COMMENT

Just reported beats in same-store sales and revenue, but EPS disappointed, so shares plunged 6% today. A mixed quarter.

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Colin Stewart Lithia Motors LAD-N PAST TOP PICK Apr 16, 2013

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