There's a monster growth stock making waves in the auto industry, and it's not Carvana or Tesla. In fact, unlike those more discussed growth stocks, this stock is also a strong value play, trading at an incredibly cheap multiple. The stock is under-the-radar Lithia Motors (NYSE: LAD), and it's time that it enters the radar of more investors.

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Lithia Motors is an Oregon-based chain of auto dealerships, growing at a rapid rate through acquisitions. While some companies can lack discipline when pursuing growth through acquisitions, Lithia Motors has a long and successful track record of making accretive purchases -- boasting an average return on investment of over 25%.

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Source Fool.com