2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP509: Value Analysis of Warner Brothers Discovery, Lithia Motors and Meta w/ Bill Nygren & Alex Fitch

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Free Cash Flow Growth for Lithia

Lithia can be in these positions where it's just throwing off free cash flow and it seems to be growing rather rapidly. I think the financials have been a bit noisier lately, partly because they're building an in-house finance company,. And they've built up $750 million of book value in a finance subsidiary. If we carve that out, put that to the side, pretend it's a separate entity and they get the free cash flow.

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