Opinions

Jim Cramer - Mad Money Lithia Motors LAD-N COMMENT Oct 25, 2023

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

Jim Cramer - Mad Money

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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.

PAST TOP PICK

(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.

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.

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Jim Cramer - Mad Money Lithia Motors LAD-N COMMENT Oct 25, 2023

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