Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Lithia Motors's share price for the quarter that ended in Mar. 2024 was $300.86. Lithia Motors's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 28 Mil. Therefore, Lithia Motors's market cap for the quarter that ended in Mar. 2024 was $8,283 Mil.
Lithia Motors's quarterly market cap
increased
from Sep. 2023 ($8,151 Mil) to Dec. 2023 ($9,022 Mil) but then
declined
from Dec. 2023 ($9,022 Mil) to Mar. 2024 ($8,283 Mil).
Lithia Motors's annual market cap
declined
from Dec. 2021 ($8,760 Mil) to Dec. 2022 ($5,589 Mil) but then
increased
from Dec. 2022 ($5,589 Mil) to Dec. 2023 ($9,022 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Lithia Motors's Enterprise Value for Today is $19,257 Mil.
Lithia Motors Market Cap Historical Data
The historical data trend for Lithia Motors's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lithia Motors's Market Cap
For the Auto & Truck Dealerships subindustry, Lithia Motors's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lithia Motors's Market Cap Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lithia Motors's Market Cap distribution charts can be found below:
* The bar in red indicates where Lithia Motors's Market Cap falls into.
Lithia Motors Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Lithia Motors's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lithia Motors (NYSE:LAD) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Lithia Motors Market Cap Related Terms
Thank you for viewing the detailed overview of Lithia Motors's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Lithia Motors (Lithia Motors) Business Description
Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.
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