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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
Lithia
Lithia is a franchise auto dealer. It's selling new cars under OEM licenses and they're taking in used cars and reselling those, providing service and parts work. Lithia has 300 stores can essentially serve as storage logistics, reconditioning centers for an online e-commerce business. They have around 100,000 cars in their inventory, which is about twice what Carvana carries. The most important part here is that the vast majority of Lithias competitors are not set up to go after that space.
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