<SEC-DOCUMENT>0001193125-25-265358.txt : 20251104
<SEC-HEADER>0001193125-25-265358.hdr.sgml : 20251104
<ACCEPTANCE-DATETIME>20251104215739
ACCESSION NUMBER:		0001193125-25-265358
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251104
DATE AS OF CHANGE:		20251104

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LITHIA MOTORS INC
		CENTRAL INDEX KEY:			0001023128
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				930572810
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49321
		FILM NUMBER:		251451566

	BUSINESS ADDRESS:	
		STREET 1:		150 NORTH BARTLETT STREET
		CITY:			MEDFORD
		STATE:			OR
		ZIP:			97501
		BUSINESS PHONE:		541-776-6401

	MAIL ADDRESS:	
		STREET 1:		150 NORTH BARTLETT STREET
		CITY:			MEDFORD
		STATE:			OR
		ZIP:			97501

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABRAMS CAPITAL MANAGEMENT, L.P.
		CENTRAL INDEX KEY:			0001358706
		ORGANIZATION NAME:           	
		EIN:				204043368
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		222 BERKELEY STREET, 21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		617-646-6100

	MAIL ADDRESS:	
		STREET 1:		222 BERKELEY STREET, 21ST FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAMET CAPITAL MANAGEMENT, LP
		DATE OF NAME CHANGE:	20060407
</SEC-HEADER>
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<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001358706</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>6</amendmentNo>
      <securitiesClassTitle>Common stock without par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001023128</issuerCik>
        <issuerName>Lithia Motors, Inc.</issuerName>
        <issuerCusip>536797103</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">150 N. Bartlett Street</street1>
          <city xmlns="http://www.sec.gov/edgar/common">Medford</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">OR</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">97501</zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
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      <reportingPersonName>Abrams Capital Partners II, L.P.</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>1941198</sharedVotingPower>
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        <sharedDispositivePower>1941198</sharedDispositivePower>
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      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1941198</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.0</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(Limited Partnership)</comments>
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      <reportingPersonName>Abrams Capital, LLC</reportingPersonName>
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      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>9.7</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(Limited Liability Company)</comments>
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    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Abrams Capital Management, LLC</reportingPersonName>
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      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2490534</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.3</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(Limited Liability Company)</comments>
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    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Abrams Capital Management, L.P.</reportingPersonName>
      <memberGroup>b</memberGroup>
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      <reportingPersonBeneficiallyOwnedNumberOfShares>
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      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2490534</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.3</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>(Limited Partnership)</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>David Abrams</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>2490534</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>2490534</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2490534</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>10.3</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
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    <items>
      <item1>
        <issuerName>Lithia Motors, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>150 N. Bartlett Street, Medford, OR 97501</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Abrams Capital Partners II, L.P.
Abrams Capital, LLC
Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Abrams Capital Partners II, L.P.

Abrams Capital, LLC

Abrams Capital Management, LLC

Abrams Capital Management, L.P.

David Abrams

c/o Abrams Capital Management, L.P.

222 Berkeley Street, 21st Floor

Boston, MA 02116</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Abrams Capital Partners II, L.P. - Delaware, Abrams Capital, LLC - Delaware, Abrams Capital Management, LLC - Delaware, Abrams Capital Management, L.P. - Delaware, David Abrams - United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Abrams Capital Partners II, L.P. - 1,941,198 shares
Abrams Capital, LLC - 2,347,051 shares
Abrams Capital Management, LLC - 2,490,534 shares
Abrams Capital Management, L.P. - 2,490,534 shares
David Abrams - 2,490,534 shares</amountBeneficiallyOwned>
        <classPercent>Abrams Capital Partners II, L.P. - 8.0%
Abrams Capital, LLC - 9.7%
Abrams Capital Management, LLC - 10.3%
Abrams Capital Management, L.P. - 10.3%
David Abrams - 10.3%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Abrams Capital Partners II, L.P.- 0 shares
Abrams Capital, LLC-0 shares
Abrams Capital Management, LLC - 0 shares
Abrams Capital Management, L.P. - 0 shares
David Abrams - 0 shares</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Abrams Capital Partners II, L.P. - 1,941,198 shares
Abrams Capital, LLC - 2,347,051 shares
Abrams Capital Management, LLC - 2,490,534 shares
Abrams Capital Management, L.P. - 2,490,534 shares
David Abrams - 2,490,534 shares</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Abrams Capital Partners II, L.P.- 0 shares
Abrams Capital, LLC-0 shares
Abrams Capital Management, LLC -0 shares
Abrams Capital Management, L.P. - 0 shares
David Abrams - 0 shares</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Abrams Capital Partners II, L.P. - 1,941,198 shares
Abrams Capital, LLC - 2,347,051 shares
Abrams Capital Management, LLC - 2,490,534 shares
Abrams Capital Management, L.P. - 2,490,534 shares
David Abrams - 2,490,534 shares</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
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      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Abrams Capital Partners II, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ David Abrams</signature>
        <title>Managing Member</title>
        <date>11/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Abrams Capital, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ David Abrams</signature>
        <title>Managing Member</title>
        <date>11/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Abrams Capital Management, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ David Abrams</signature>
        <title>Managing Member</title>
        <date>11/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Abrams Capital Management, L.P.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ David Abrams</signature>
        <title>Managing Member</title>
        <date>11/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>David Abrams</reportingPersonName>
      <signatureDetails>
        <signature>/s/ David Abrams</signature>
        <title>Individually</title>
        <date>11/04/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</DOCUMENT>
</SEC-DOCUMENT>
