Abrams Capital 13F: 5 Best Stocks To Buy

1. Lithia Motors, Inc. (NYSE:LAD)

Abrams Capital’s Q3 2023 Investment: $706 million

Lithia Motors, Inc. (NYSE:LAD) is another American car retailer with a presence in the U.S. and Canada. Like other car dealers, high inflation and dropping purchasing power have hit the firm’s financials as it has missed analyst EPS estimates in three out of its four latest quarters. However, the shares are up by 36% year to date, after they bled 31% in 2022.

As of Q2 2023 end, 33 out of the 910 hedge funds polled by Insider Monkey were Lithia Motors, Inc. (NYSE:LAD)’s investors. David Abrams’ Abrams Capital Management owned the largest stake out of these, which was worth $714 million.

Disclosure: None. You can also take a look at Morgan Stanley’s 15 Stock Picks for 2023 and 10 Best Performing Healthcare ETFs in 2023.

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