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Revision History For: Lithia Motors Is Rolling~Hop On~LMTR

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Lithia Motors is a consoladator of retail car dealers, buying up new car dealers in the western US. Sales are currently rising in excess of 100% and earnings 25-50% every quarter. Will this trend continue? Most likly while the company is small (forward sales approx. $850M) and interest rates-general economy remain favorable. The company is aquiring new outlets at a rather rapid pace, immediately implements it's own methods, which have improved the bottom line of the outlets by as much as double of the preceding owners.
Current price $11 and change. I believe the current downside is very small, having sold off by 40%+ with the general market and is at a forward PE of 10 to the end of '98.
Sept. 22, 1998
Jim