Asbury Automotive Group Inc
Outlook and valuation of Lithia Motors
Morgan Stanley analysts upgraded Lithia Motors to overweight from underweight, following a sell-off resulting in a ~30% drop in Lithia’s share price.
Analyzing Lithia’s throughput contribution and earnings
Lithia’s income from operations in the nine months ending September 30, 2014, was $165.9 million, up from $137.9 million in the previous year.
Understanding Lithia Motors’s Finance and Insurance business
Lithia’s same-store revenue grew 16.9% year-over-year to $120.4 million in the nine months ending September 30, 2014, driven by increased vehicle sales.
Key analysis of Lithia’s used vehicle operations
The larger share of CPOs and core vehicles in its sales mix drives Lithia’s significant lead in same-store gross profit per vehicle.
World’s largest gold producer: Barrick Gold
Barrick Gold Corporation (ABX), the world’s largest gold producer, produces and sells gold as well as significant amounts of copper. Barrick has the largest quantity of gold reserves.