AN vs LAD: Correlation
How closely do AutoNation, Inc. (AN) and Lithia Motors, Inc. (LAD) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AN and LAD?
Across a 3-year window, the weekly returns of AN and LAD correlate at 0.67, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 672.8 %².
Within AN's tracked universe of 13 assets, LAD comes in at #5 by 3-year correlation. The last year tells two different stories: LAD led by 20.5 percentage points, -10.5% for AN against +10.0% for LAD.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AN vs LAD: side by side
| AN (AutoNation, Inc.) | LAD (Lithia Motors, Inc.) | |
|---|---|---|
| 1-year return | -10.5% | +10.0% |
| 5-year return | +79.8% | +17.3% |
| Volatility (ann.) | 28.5% | 35.4% |
| Beta vs S&P 500 | 0.84 | 1.11 |
| Max drawdown (3Y) | -21.4% | -37.8% |
| Market cap | $6.6B | $8.2B |
| P/E (trailing) | 9.1 | 12.3 |
| Dividend yield | 0.00% | 0.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AN | LAD |
|---|---|---|
| 2022 | -8.2% | -30.6% |
| 2023 | +40.0% | +62.0% |
| 2024 | +13.1% | +9.3% |
| 2025 | +21.6% | -6.3% |
| 2026 | -3.7% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AN and LAD good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AN and LAD?
As of 2026-08-27, the correlation of weekly returns between AN and LAD is 0.67 over 3 years, 0.59 over 1 year and 0.66 over 5 years.
Is LAD a good diversifier for AN?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/an-vs-lad.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/an-vs-lad/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AN correlations · LAD correlations
