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TIP509: Value Analysis of Warner Brothers Discovery, Lithia Motors and Meta w/ Bill Nygren & Alex Fitch
We Study Billionaires - The Investor’s Podcast Network
The Biggest Risks for Lithia
Lithia has been with the source of outperformed industry peers consistently despite the growth of acquisitions over his 10 year. I think that Brian's been a remarkable leader of an auto dealer for a long time and I'm confident Adam will slot in well, but don't have much to say on him individually. The final one is that at some point you might not be able to complete further dealer acquisitions. Maybe the price eventually does get competed up to the point where the returns are not that attractive. And so there is a limit to the M&A and relative to the potential for Lithia to keep growing through this M&A process, I think that's the biggest risk.
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