Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Lithia Motors Inc Cl A / Equity Bottom-Up

<ul><li>Lithia Motors has presented a robust set of financial results for the third quarter of 2024, reflecting strong execution and strategic advancements in its business model.</li><li>The company reported an increase in revenues to a record $9.2 billion, marking an 11% rise from the same quarter in the previous year.</li><li>This growth has been underpinned by significant enhancements in cost efficiency, with a reduction in adjusted SG&A from 67.9% of gross profit in the previous quarter to 66% this quarter.</li></ul>

Lithia Motors has presented a robust set of financial results for the third quarter of 2024, reflecting strong execution and strategic advancements in its business model.The company reported an increase in revenues to a record $9.2 billion, marking an 11% rise from the same quarter in the previous year.This growth has been underpinned by significant enhancements in cost efficiency, with a reduction in adjusted SG&A from 67.9% of gross profit in the previous quarter to 66% this quarter.

Lithia Motors Inc.: Dealing With The Challenges of Maintaining Profitability Amid Market Fluctuations! - Major Drivers

<ul><li>Lithia Motors' second quarter earnings revealed both promising advances and looming challenges as it navigates a rapidly evolving automotive market.</li><li>President and CEO Bryan DeBoer detailed the company’s response to operational hurdles, notably a cyberattack on CDK, their dealer management system provider, which significantly impacted operations temporarily.</li><li>Despite this, Lithia Motors reported a 14% year-over year increase in revenues, achieving $9.2 billion in the quarter, marking a strong financial performance amidst industry-wide challenges.</li></ul>

Lithia Motors' second quarter earnings revealed both promising advances and looming challenges as it navigates a rapidly evolving automotive market.President and CEO Bryan DeBoer detailed the company’s response to operational hurdles, notably a cyberattack on CDK, their dealer management system provider, which significantly impacted operations temporarily.Despite this, Lithia Motors reported a 14% year-over year increase in revenues, achieving $9.2 billion in the quarter, marking a strong financial performance amidst industry-wide challenges.

Lithia Motors Inc.: Will Their Heavy Investments In EVs & Green Tech Integration Pay Off? - Major Drivers

<ul><li>Lithia Motors has presented its first quarter of 2024 results in an interesting landscape of transition and growth, marked by significant strategic engagements and expansions.</li><li>The company saw a rise in revenue to $8.6 billion, a 23% increase from the previous year.</li><li>This growth in revenue helped counterbalance the impact of decreasing Gross Profit per Unit (GPUs) on new and used vehicles.</li></ul>

Lithia Motors has presented its first quarter of 2024 results in an interesting landscape of transition and growth, marked by significant strategic engagements and expansions.The company saw a rise in revenue to $8.6 billion, a 23% increase from the previous year.This growth in revenue helped counterbalance the impact of decreasing Gross Profit per Unit (GPUs) on new and used vehicles.

Lithia Motors: Expansion of Driveway & E-commerce Platforms A Major Growth Catalyst? - Key Drivers

<ul><li>This is our first report on automotive retailer, Lithia Motors.</li><li>The company had a strong Q4 2023, with revenues growing by 11% from last year to reach $7.7 billion.</li><li>The company's revenue increase was primarily driven by robust new vehicle sales, with same-store units increasing by 10% and aftersales revenues growing by 3%.</li></ul>

This is our first report on automotive retailer, Lithia Motors.The company had a strong Q4 2023, with revenues growing by 11% from last year to reach $7.7 billion.The company's revenue increase was primarily driven by robust new vehicle sales, with same-store units increasing by 10% and aftersales revenues growing by 3%.

Lithia Motors: Initiation Of Coverage - A Story Of UK Market Growth Through The Pendragon Acquisition

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>On 17 October, <a href="https://www.smartkarma.com/entities/autonation-inc" target="_blank" data-smartkarma-citation="entities:16548:1" rel="noopener">Autonation Inc (AN US)</a> also withdrew its proposal for <a href="https://www.smartkarma.com/entities/pendragon-plc" target="_blank" data-smartkarma-citation="entities:22080:1" rel="noopener">Pendragon PLC (PDG LN)</a>. Lithia's deal is likely to obtain shareholder's approval, for lack of a better offer.</li>
<li>Holding on would mean receiving 24.5p and staying in a small cap SaaS, whose shares are implicitly valued at 6.5p, instead of the 10.9p that Pendragon claims it is worth.</li>
<li>Readacross: Hedin, AutoNation, or someone else, could take a closer look at <a href="https://www.smartkarma.com/entities/vertu-motors-plc" target="_blank" data-smartkarma-citation="entities:23247:1" rel="noopener">Vertu Motors (VTU LN)</a>.</li>
</ul>


On 17 October, Autonation Inc (AN US) also withdrew its proposal for Pendragon PLC (PDG LN). Lithia's deal is likely to obtain shareholder's approval, for lack of a better offer.
Holding on would mean receiving 24.5p and staying in a small cap SaaS, whose shares are implicitly valued at 6.5p, instead of the 10.9p that Pendragon claims it is worth.
Readacross: Hedin, AutoNation, or someone else, could take a closer look at Vertu Motors (VTU LN).


United States

Lithia Motors, Inc. retails, finances, and services new and used vehicles. The Company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products, and collision repair services. Lithia Motors operates throughout the United States.

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Lithia Motors Inc Cl A (LAD US)

Lithia Motors Inc.: Dealing With The Challenges of Maintaining Profitability Amid Market Fluctuations! - Major Drivers

Lithia Motors has presented a robust set of financial results for the third quarter of 2024, reflecting strong execution and strategic...

Baptista Research

Lithia Motors Inc.: Will Their Heavy Investments In EVs & Green Tech Integration Pay Off? - Major Drivers

Lithia Motors' second quarter earnings revealed both promising advances and looming challenges as it navigates a rapidly evolving automotive...

Baptista Research

Lithia Motors: Expansion of Driveway & E-commerce Platforms A Major Growth Catalyst? - Key Drivers

Lithia Motors has presented its first quarter of 2024 results in an interesting landscape of transition and growth, marked by significant...

Baptista Research

Lithia Motors: Initiation Of Coverage - A Story Of UK Market Growth Through The Pendragon Acquisition

This is our first report on automotive retailer, Lithia Motors. The company had a strong Q4 2023, with revenues growing by 11% from last year to...

Baptista Research

AutoNation Drops from the Race

On 17 October, Autonation Inc (AN US) also withdrew its proposal for Pendragon PLC (PDG LN). Lithia's deal is likely to obtain shareholder's...

Jesus Rodriguez Aguilar

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