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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
Carvana
Lithia is around six times or more larger than Carvana at this point given the market cap and their acquisition strategy. Do you think there's a world where absorbing Carvana could be in Lithia's future? Never say never. The big problem there is that while the $1 billion market cap looks like something that could be absorbed, they have $7 billion of debt. So the total acquisition requires $8 billion of spend and it's pretty expensive debt.
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