Lithia Motors, Inc.
US ˙ NYSE ˙ US5367971034

SecurityLAD / Lithia Motors, Inc.
InstitutionAbrams Capital Management, L.p.
Latest Disclosed Ownership2,490,534 shares
Ownership 10.30%
Abrams Capital Management, L.p. ownership in LAD / Lithia Motors, Inc.

2025-11-04 - Abrams Capital Management, L.p. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,490,534 shares of Lithia Motors, Inc. (US:LAD). This represents 10.3 percent ownership of the company.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-11-04 2025-11-04 13G/A 2,490,534 10.30
2024-02-09 2024-02-09 13G/A
2021-02-12 2021-02-12 13G/A
2020-02-13 2020-02-13 13G/A
2019-10-25 2019-10-25 13G/A
2019-02-14 2019-02-14 13G/A
2018-07-27 2018-07-27 13G

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F LITHIA MTRS COM 536797103 2,490,534 0 0.00 621,936 -24.86 13.4089
2026-02-13 2025-12-31 13F LITHIA MTRS COM 536797103 2,490,534 0 0.00 827,679 5.17 14.5878
2025-11-07 2025-09-30 13F LITHIA MTRS COM 536797103 2,490,534 45,856 1.88 787,009 -4.70 12.7555
2025-08-08 2025-06-30 13F LITHIA MTRS COM 536797103 2,444,678 0 0.00 825,861 15.08 13.5082
2025-05-09 2025-03-31 13F LITHIA MTRS COM 536797103 2,444,678 53,490 2.24 717,611 -16.04 12.7326
2025-02-07 2024-12-31 13F LITHIA MTRS COM 536797103 2,391,188 0 0.00 854,682 12.53 13.7483
2024-11-08 2024-09-30 13F LITHIA MTRS COM 536797103 2,391,188 0 0.00 759,537 25.82 12.1970
2024-08-09 2024-06-30 13F LITHIA MTRS COM 536797103 2,391,188 0 0.00 603,655 -16.09 11.8019
2024-05-14 2024-03-31 13F LITHIA MTRS COM 536797103 2,391,188 0 0.00 719,413 -8.63 22.4662
2024-02-09 2023-12-31 13F LITHIA MTRS COM 536797103 2,391,188 0 0.00 787,370 11.50 24.4693
2023-11-13 2023-09-30 13F LITHIA MTRS COM 536797103 2,391,188 40,120 1.71 706,190 -1.23 23.3332
2023-08-14 2023-06-30 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 714,983 32.84 20.5596
2023-05-12 2023-03-31 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 538,230 11.81 17.0231
2023-02-10 2022-12-31 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 481,358 -4.57 17.1655
2022-11-10 2022-09-30 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 504,422 -21.93 14.5429
2022-08-12 2022-06-30 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 646,097 -8.43 17.3661
2022-05-13 2022-03-31 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 705,603 1.07 16.4692
2022-02-11 2021-12-31 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 698,150 -6.34 15.3157
2021-11-12 2021-09-30 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 745,383 -7.74 16.2563
2021-08-13 2021-06-30 13F LITHIA MTRS COM 536797103 2,351,068 0 0.00 807,921 -11.91 17.9567
2021-05-14 2021-03-31 13F LITHIA MTRS CL A 536797103 2,351,068 0 0.00 917,128 33.29 20.6492
2021-02-12 2020-12-31 13F LITHIA MTRS CL A 536797103 2,351,068 125,000 5.62 688,087 35.61 19.4056
2020-11-13 2020-09-30 13F LITHIA MTRS CL A 536797103 2,226,068 0 0.00 507,410 50.62 16.0379
2020-08-13 2020-06-30 13F LITHIA MTRS CL A 536797103 2,226,068 0 0.00 336,871 85.02 10.8874
2020-05-14 2020-03-31 13F LITHIA MTRS CL A 536797103 2,226,068 0 0.00 182,070 -44.36 7.1654
2020-02-14 2019-12-31 13F LITHIA MTRS CL A 536797103 2,226,068 -73,932 -3.21 327,232 7.47 10.1660
2019-11-14 2019-09-30 13F LITHIA MTRS CL A 536797103 2,300,000 0 0.00 304,474 11.45 8.5242
2019-08-09 2019-06-30 13F LITHIA MTRS CL A 536797103 2,300,000 0 0.00 273,194 28.06 7.4206
2019-05-10 2019-03-31 13F LITHIA MTRS CL A 536797103 2,300,000 0 0.00 213,325 21.51 5.9911
2019-02-14 2018-12-31 13F LITHIA MTRS CL A 536797103 2,300,000 300,000 15.00 175,559 7.49 7.2547
2018-11-09 2018-09-30 13F LITHIA MTRS CL A 536797103 2,000,000 959,673 92.25 163,320 66.00 4.3170
2018-08-13 2018-06-30 13F LITHIA MTRS CL A 536797103 1,040,327 1,040,327 98,384 2.7368
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.