Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Lithia Motors Inc Cl A / Equity Bottom-Up

<ul><li>Lithia Motors, Inc. reported first quarter fiscal 2026 results characterized by record revenues of $9.3 billion and adjusted diluted earnings per share (EPS) of $7.34.</li><li>The company attributes these outcomes to a diversified and integrated business model that demonstrated operational resilience amid weather-related challenges and a complex macroeconomic environment.</li><li>Revenue growth was solid year-over-year, supported by strength in used vehicle sales, aftersales services, and Driveway Finance Corporation (DFC), its captive finance arm, which delivered record loan originations and a 71% increase in financing operation income to $21 million.</li></ul>

Lithia Motors, Inc. reported first quarter fiscal 2026 results characterized by record revenues of $9.3 billion and adjusted diluted earnings per share (EPS) of $7.34.The company attributes these outcomes to a diversified and integrated business model that demonstrated operational resilience amid weather-related challenges and a complex macroeconomic environment.Revenue growth was solid year-over-year, supported by strength in used vehicle sales, aftersales services, and Driveway Finance Corporation (DFC), its captive finance arm, which delivered record loan originations and a 71% increase in financing operation income to $21 million.

Lithia Motors: A 71% Jump In DFC Financing Income Is The Earnings Shift Worth Watching!

<ul><li>Lithia & Driveway's latest financial results highlight a mix of strengths and challenges for the company.</li><li>On the positive side, the company achieved record quarterly and full-year revenues.</li><li>Quarterly revenue hit $9.2 billion, contributing to a full-year revenue of $37.6 billion, marking a year-over-year increase.</li></ul>

Lithia & Driveway's latest financial results highlight a mix of strengths and challenges for the company.On the positive side, the company achieved record quarterly and full-year revenues.Quarterly revenue hit $9.2 billion, contributing to a full-year revenue of $37.6 billion, marking a year-over-year increase.

Lithia Motors & Driveway’s Financing Engine—Driveway Financial Services Scaling Toward a $500M Pretax Ambition!

<ul><li>Lithia Motors reported a solid set of quarterly results reflecting a steady balance between growth, margin management, and disciplined capital allocation amid a normalizing auto retail environment.</li><li>Revenue rose 4.9% year-over-year to $9.7 billion, supported by 7.7% same-store sales growth across all segments, while adjusted diluted EPS grew 17% to $9.50.</li><li>This performance was aided by stronger contributions from used vehicles and aftersales, both of which demonstrated resilience despite ongoing normalization in front-end gross profit per unit (GPU).</li></ul>

Lithia Motors reported a solid set of quarterly results reflecting a steady balance between growth, margin management, and disciplined capital allocation amid a normalizing auto retail environment.Revenue rose 4.9% year-over-year to $9.7 billion, supported by 7.7% same-store sales growth across all segments, while adjusted diluted EPS grew 17% to $9.50.This performance was aided by stronger contributions from used vehicles and aftersales, both of which demonstrated resilience despite ongoing normalization in front-end gross profit per unit (GPU).

Lithia Motors: Expansion Of Used Vehicles & The Top Influences on Its Performance for 2025 & The Future!

<ul><li>Lithia & Driveway recently reported its second-quarter results for 2025, showcasing substantial growth and strategic moves impacting both their operational and financial trajectories.</li><li>The company achieved a record revenue of $9.6 billion, reflecting a 4% increase in same-store sales compared to the previous year.</li><li>This revenue growth, combined with operational enhancements, resulted in a 29% year-over-year increase in earnings per share (EPS).</li></ul>

Lithia & Driveway recently reported its second-quarter results for 2025, showcasing substantial growth and strategic moves impacting both their operational and financial trajectories.The company achieved a record revenue of $9.6 billion, reflecting a 4% increase in same-store sales compared to the previous year.This revenue growth, combined with operational enhancements, resulted in a 29% year-over-year increase in earnings per share (EPS).

Lithia Motors Is Targeting $2-$4 billion In Annual Acquired Revenues But Can It Execute?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Super Micro Computer / Technical Analysis

<ul>
<li>We are seeing signs that this 2+ month consolidation in the S&amp;P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Buy/stay long.</li>
<li>Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs. </li>
<li>The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis.</li>
</ul>


We are seeing signs that this 2+ month consolidation in the S&amp;P 500 and Nasdaq 100 (QQQ) is ready to break out to the upside. Buy/stay long.
Part of that is the obvious; both the SPX and QQQ are breaking out to marginal new highs. 
The other part that has kept us bullish this whole time is that market dynamics have remained risk-on, which we have discussed on a weekly basis.


S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?

United States

Lithia Motors, Inc. retails, finances, and services new and used vehicles. The Company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products, and collision repair services. Lithia Motors operates throughout the United States.

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Lithia Motors Inc Cl A (LAD US)

Lithia Motors: A 71% Jump In DFC Financing Income Is The Earnings Shift Worth Watching!

Lithia Motors, Inc. reported first quarter fiscal 2026 results characterized by record revenues of $9.3 billion and adjusted diluted earnings per...

Baptista Research

Lithia Motors & Driveway’s Financing Engine—Driveway Financial Services Scaling Toward a $500M Pretax Ambition!

Lithia & Driveway's latest financial results highlight a mix of strengths and challenges for the company. On the positive side, the company...

Baptista Research

Lithia Motors: Expansion Of Used Vehicles & The Top Influences on Its Performance for 2025 & The Future!

Lithia Motors reported a solid set of quarterly results reflecting a steady balance between growth, margin management, and disciplined capital...

Baptista Research

Lithia Motors Is Targeting $2-$4 billion In Annual Acquired Revenues But Can It Execute?

Lithia & Driveway recently reported its second-quarter results for 2025, showcasing substantial growth and strategic moves impacting both...

Baptista Research

S&P 500 and Nasdaq 100 Breaking Out; Upside Resuming; DXY and Yields Forming Major Tops?

S&P 500 $SPX and Nasdaq 100 $QQQ Breaking Out; Upside Resuming; Dip Buys Bearing Fruit; $DXY and 10-year Treasury Yield Forming Major Tops?;...

Vermilion Research

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