America's fastest growing companies ranked by stock growth and state.
The growth of Lithia motors closely tracks the recovery of the American economy. The Oregon companyâÄôs stock cratered in March, 2009, as Americans cut back on spending after the financial collapse. But as auto sales have bounced back, so has LithiaâÄôs stock. Trading below $3 in the first part of 2009, the shares are now above $65. The network of car dealerships in Western States âÄì their eastern-most shop is in Ames, Iowa âÄì saw a 17% increase in sales in the second quarter this year, with revenue climbing to $27.4 million, a 41% increase over the 2012 numbers. --C.G.