When was Lithia Motors founded?

Lithia Motors was founded in 1946 and raised its 1st funding round 58 years after it was founded.

Where is Lithia Motors located?

Lithia Motors is headquartered in Medford, United States. It is registered at Monroeville, Pennsylvania.

How many employees does Lithia Motors have?

As of Jul 01, 2024, the latest employee count at Lithia Motors is 7.

Is Lithia Motors a funded company?

Lithia Motors is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on May 2004.

When was the latest funding round of Lithia Motors?

Lithia Motors' latest funding was a $***** Post IPO round on Apr 07, 2016, with participation from 4 investors.

What is the annual revenue of Lithia Motors?

Annual revenue of Lithia Motors is $37.6B as on Dec 31, 2025.

Where does Lithia Motors rank among its competitors?

Lithia Motors ranks 8th amongst 3990 active competitors, of which 16 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Carvana, which secured an undisclosed amount in Feb, 2024.

Who are the top competitors of Lithia Motors?

Lithia Motors' top competitors include Carvana, TrueCar and CarGurus. Among them, Carvana secured the most recent funding round in February, 2024.

Lithia Motors - 2026 Company Profile, Funding, Competitors & Financials

Company Details

In 2022, the company recorded annual revenues of $28.5B and a net profit of $1.14B.

Website: www.lithia.com
Social
Email ID: *****@lithia.com
Phone Number: +1 **********
Registered Address: Monroeville, Pennsylvania

Key Metrics

Founded Year

1946

Location

Medford, United States

Stage

Acquired

Latest Funding Round

Post IPO, Apr 07, 2016, $*****

Investors

Voya Financial & 4 more

Ranked

8^th among 3990 active competitors

Annual Revenue

$37.6B as on Dec 31, 2025

Employee Count

7 as on Jul 01, 2024

Investment & Acquisitions

Mercedes-Benz of Jackson & 35 more

Similar Companies

Avis & 15303 more

Exit Details

Acquired by Cardinale Automotive Group (Mar 22, 2022)

View Lithia Motors' full profile

Lithia Motors is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
LITHIA MOTORS, INC. CIN: 930572810 , United States, Active	Dec 31, 1999	-	23444 (As on Dec 31, 2024)	-
DAY AUTOMOTIVE GROUP CIN: 251504942 , United States, Active	Dec 26, 999	-	383 (As on Dec 31, 2019)	-
LITHIA MOTORS INC CIN: 1023128 , United States, Active	Aug 12, 1996	$37.6B (As on Dec 31, 2025)	27446 (As on Dec 31, 2023)	-

Lithia Motors got acquired by Cardinale Automotive Group on Mar 22, 2022.

Click here to take a look at Lithia Motors's acquisition in detail

Lithia Motors has raised funding over 2 rounds. Its first funding round was on May 2004. Its latest funding round was a Post IPO round on Apr 07, 2016 for $*****. 4 investors participated in its latest round. Lithia Motors has 5 institutional investors.

Here is the list of recent funding rounds of Lithia Motors:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 07, 2016	5074623	Post IPO	4839299	3007329	1011744	5219980
May 2004	5368468	Post IPO	7051209	3136883	1245265	6596065

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View details of Lithia Motors's funding rounds and investors

Lithia Motors' employee count trend

Lithia Motors has 7 employees as of Jul 24. Here is Lithia Motors's employee count trend over the years:

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Top competitors of Lithia Motors include Carvana, TrueCar and CarGurus. Here is the list of Top 10 competitors of Lithia Motors, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Carvana 2012, Phoenix (United States), Public	Online dealer of pre owned cars	$460M	Alua Capital Management, Dundon Capital Partners ... & 2 others	84/100
2nd	TrueCar 2005, Santa Monica (United States), Acquired	Online new and used cars listing platform	$270M	Allen & Company, USAA & 22 others	76/100
3rd	CarGurus 2006, Cambridge (United States), Public	Online retailer of used and new cars with financing options	$1.75M	Vitruvian Partners, Ithaka Partners & 1 others	68/100
4th	Cars.com 1998, Chicago (United States), Public	Online retailer of new and used cars, providing reviews	-	Starboard Value, Putnam & 1 others	68/100
5th	Vroom 2013, New York City (United States), Public	Online dealer of used cars	$708M	durablecapitalpartners.com, L Catterton & 21 others	67/100
6th	Carsales 1998, Melbourne (Australia), Public	Online listing platform for used cars	-	AUI, AMCIL & 2 others	66/100
7th	Autotrader 1998, Atlanta (United States), Acquired	Online listing platform for for used & new cars	-	Tugboat Ventures, Kleiner Perkins & 1 others	64/100
8th	Lithia Motors 1946, Medford (United States), Acquired	Dealer of new & used cars	-	Voya Financial, Vulcan Capital & 3 others	61/100
9th	Avis 1946, Parsippany (United States), Public	Online platform offering car rental services	-	Hessen, Heritage Capital	61/100
10th	Asbury Automotive Group 2002, Atlanta (United States), Public	Car dealer and collision centres	-	Chase, MassMutual & 11 others	61/100

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Lithia Motors has made 3 investments in companies including Wheels and Shift Technologies. Lithia Motors has also acquired 33 companies including Mercedes-Benz of Jackson and MB Collierville.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 10, 2025	Acquisition	Mercedes-Benz of Jackson		Ridgeland (United States)
Jun 10, 2025	Acquisition	MB Collierville	2013	Collierville (United States)
Jan 28, 2025	Acquisition	Stohlman Subaru	1997	Vienna (Austria)