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U.S. Auto Retail M&A: Franchise Buyers, CarMax, and the Limits to Scale

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CarMaxUSMid CapLithia MotorsCarvanaAsbury Automotive GroupPenske Automotive GroupAutoNationCounter PositioningLow Cost Operators
Jan 6, 2026

Carvana: Service Expansion Amid Reconditioning Capacity Limits

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CarvanaUSLarge CapCarMaxAmazonLithia MotorsPenske Automotive GroupAutoNationHertz GlobalManheimSonic AutomotiveTricolor AutoNetwork EffectsVertically Integrated Retailer
Dec 8, 2025

Caliber, Gerber, Service King: Outsourcing US Auto Reconditioning

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Caliber CollisionBelronD'Ieteren GroupService KingGerber Collision & GlassTeslaCarvanaCarMaxDriven BrandsPenske Automotive GroupLithia MotorsAutoNationBrand EquityLow Cost Operators
Mar 3, 2025
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Luxury Gray Market Distribution, Fever-Tree, Hermès, TSLA, Carvana, BD, KNSL, MANH, Bonesupport, Westwing, Vitrolife

TeslaUSMega CapLifcoAddtechVitrolifeCettireCarvanaDanaherHalmaDiplomaAutoNationWestwingGXO LogisticsKeringBONESUPPORTFevertree DrinksOPENLANEManhattan AssociatesKinsale Capital GroupBrand EquitySerial Acquirer
Nov 21, 2024

ADESA: Power Dynamics Post-Carvana Acquisition

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CarvanaCarMaxManheimOPENLANEAmerica’s Auto AuctionSonic AutomotiveAutoNationACV AuctionsNetwork EffectsAuctions & Classifieds
Nov 14, 2024
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Topicus, Lithia, Roper, Cogent, Air Products / Linde, Volution, MKL, Belron, Ashtead, BrightSpring

TopicusNLMid CapRoperMarkelAutoNationGeneral MotorsLindeTeslaProcess PowerSerial Acquirer
Jul 10, 2024

Lithia Motors: Servicing Economics

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Lithia MotorsUSMid CapAsbury Automotive GroupPenske Automotive GroupAutoNationSonic AutomotiveTeslaGeneral Motors
Jul 7, 2024
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Halma, Loro Piana vs Brunello Cucinelli, Lithia & Servicing ICE vs EV, Rightmove, Align, Visma, Medpace, Equipment Rental

HalmaGBLarge CapEquipmentShareVismaMedpaceLVMHRightmoveAutoNationLifcoZooplaAlign TechnologyStraumannConstellation SoftwareAshtead GroupUnited RentalsSwitching CostsSerial Acquirer
May 8, 2024

Lithia, Asbury & Franchise Auto Dealers: Servicing ICE vs Electric Vehicles

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Lithia MotorsUSMid CapAsbury Automotive GroupAutoNationSonic AutomotivePenske Automotive GroupCarvanaCarMaxCounter PositioningLow Cost Operators
May 7, 2024

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