LADLITHIA MOTORS INC

Retail-Auto Dealers & Gasoline Stations

Revenue: $37.6B; 4.0% YoY
Operating margin: 4.2%; 2.2% YoY
EBITDA: $1.9B; 2.9% YoY
Market cap: $6.5B
Employees: —
Net debt / EBITDA: 5.0×; $9.6B net debt
AI in 10-K: 0.0; mentions per 10K words

Takeover score 3 of 13

Fixable underperformance 2 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashYes
44% of net income
Cash flow under 80% of net income
Dilutive SBCNo
0% of revenue
Over 10% of revenue
Payouts exceed cash flowYes
285% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
10% of assets
Over 40% of assets
Shareholder dissentNo
83% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AIYes
0.0 per 10K words · 0th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
5.0× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$6.5B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$423K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$22.8B	$28.2B	$31.0B	$36.2B	$37.6B	4.0%
Operating income	$1.7B	$1.9B	$1.7B	$1.6B	$1.6B	1.7%
Net income	$1.1B	$1.3B	$1.0B	$797M	$820M	2.9%
Operating cash flow	$1.8B	−$610M	−$472M	$425M	$357M	16%
Capex	$260M	$303M	$230M	$351M	$351M	0.1%
Stock-based comp	$35M	$41M	$41M	$58M	$60M	3.3%
Buybacks	$231M	$688M	$49M	$366M	$961M	163%
Dividends	$39M	$45M	$53M	$57M	$55M	2.1%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $423K · 8
Net: −$423K

Pay vs performance

No pay-versus-performance disclosure yet.