Billionaire Lee Cooperman’s Top 15 Long-Term Stock Picks

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

Number of Hedge Fund Holders: 43  

Omega Advisors’ Stake: $132.2 million

Lithia Motors, Inc. (NYSE:LAD) is one of the largest automotive retailers in the United States. This company stands out as a prime investment opportunity due to multiple compelling factors. Firstly, the improved financial growth, as illustrated in the report for the third quarter of 2024, shows a promising picture. For instance, the company reported increased revenue of 11% to $9.2 billion from $8.3 billion in the third quarter of 2023. In addition, aftersales gross profit increased 6.3% on a same-store basis. Secondly, the company has announced the purchase of three stores from the Duval Motor Company in Jacksonville and Gainesville, Florida. These newly acquired Acura, Honda, and Subaru stores are projected to generate over $200 million in annualized revenue, which holds great potential for investors.

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