Lithia Motors

Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import and Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors, and Ford. The Import segment consists of automotive franchises that sell new vehicles manufactured by Honda, Toyota, Subaru, Nissan, and Volkswagen. The Luxury segment includes retail automotive franchises that sell new vehicles manufactured by BMW, Mercedes-Benz, and Lexus. The company was founded by Walt DeBoer and Sidney B. DeBoer in 1946 and is headquartered in Medford, OR.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lithia Motors posts record revenue growth, eyes profitability in 2023

Lithia Motors (LAD) delivered strong financial performance in 2022, with robust revenue growth and strategic acquisitions driving expansion and profitability.
Challenges such as declining new vehicle GPUs and affordability issues in the value auto segment require targeted strategies for sustainable growth.
Opportunities lie in Driveway Finance's growth potential, market recovery in used car volumes, and cost-saving initiatives, positioning LAD for continued success.
Overall, LAD's focus on balancing growth and returns, alongside a strategic outlook for 2023, underscores its commitment to shareholder value and sustainable expansion.

Lithia Motors & Driveway report Q1 growth, eye $50B revenue by 2025

Lithia Motors & Driveway show resilience with revenue growth and strategic acquisitions. DFC's focus on high credit quality contracts and profitability by 2024. Company optimistic about achieving ambitious revenue and EPS targets by 2025.

Lithia Motors reports strong Q2 earnings, eyes $50B revenue by 2025

Lithia Motors is on track to meet its 2025 revenue target of $50 billion, emphasizing shareholder value and strategic acquisitions. The company faces challenges in inventory management and pricing pressures but sees opportunities in sustainable vehicle sales and e-commerce growth.

Lithia Motors reports robust Q3 earnings, eyes tech-driven growth

Lithia Motors and Driveway show strong revenue growth and profitability in Q3. Focus on enhancing customer experience and expanding market share through tech investments.
Challenges include maintaining credit standards, variable sales performance, and increasing Driveway's post-sale business. Opportunities lie in pending acquisitions, tech investments, and customer experience.
Despite challenges, Lithia remains confident in guidance and aims to achieve 2025 targets. The company's performance and strategic focus position it well for future growth and market share gains.

Lithia Motors reports robust Q4 earnings, eyes $50B revenue target

Lithia Motors' strong financial performance in Q4 and full-year 2023, driven by new vehicle sales and acquisitions, positions the company for continued growth. Challenges in used vehicle sales and GPU dynamics require strategic adjustments for profitability. Opportunities lie in achieving revenue targets, enhancing customer experiences, and improving leasing penetration.

Lithia Motors reports robust Q1 revenue growth and profitability strategies

Lithia Motors delivered strong revenue growth and maintained a focus on profitability through cost-cutting measures and strategic initiatives. Driveway's progress towards profitability and online sales channel success are notable highlights.
Challenges include managing SG&A costs, optimizing operations in the U.K., and ensuring efficient marketing spend for sustained growth. Opportunities exist in enhancing profitability, customer experience, and operational efficiency.
Overall, Lithia Motors and Driveway are poised for growth through market share expansion, cost reductions, and customer-centric strategies. Balancing challenges with opportunities will be crucial for sustained success in the future.

Lithia Motors excels in Q2 with record revenue and strategic investments

Lithia Motors delivered strong financial performance, focusing on profitability and operational efficiency. Strategic investments and acquisitions are key drivers of growth, while challenges in balancing acquisitions and buybacks exist. Opportunities lie in optimizing performance and enhancing customer experiences for global expansion.

Lithia Motors reports record revenue and cost savings in Q3

Lithia Motors delivered a strong Q3 performance with record revenue, cost savings, and profitability, showcasing effective financial management
The company's focus on operational efficiencies, acquisitions, and shareholder value creation positions it well for future growth and success
While facing challenges in inventory strategies and market uncertainties, Lithia Motors has opportunities to drive growth through cost savings and operational enhancements

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Lithia Motors (LAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Lithia Motors (LAD) to Report a Decline in Earnings: What to Look Out for

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MEDFORD, Ore. , July 16, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its second quarter 2024 earnings will be released before the market opens on Thursday, August 1, 2024.

Lithia & Driveway (LAD) Schedules Release of Second Quarter 2024 Results

Investors need to pay close attention to Lithia Motors (LAD) stock based on the movements in the options market lately.

Is The Options Market Predicting A Spike In Lithia Motors (LAD) Stock?

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Lithia (LAD) and Marubeni make a notable minority investment in Wheels to help it innovate its top-tier product offerings for corporate clients.

Lithia (LAD) and Marubeni Make Minority Investment in Wheels

DES PLAINES, Illinois and TOKYO and MEDFORD, Ore. and NEW YORK , June 27, 2024 /PRNewswire/ -- Wheels, a leading fleet management company in North America, announced that it received a significant minority investment from Marubeni Corporation ("Marubeni") and Lithia & Driveway ("Lithia").

Marubeni Corporation and Lithia & Driveway Make a Strategic Investment in Wheels, Partnering with Apollo Funds

Lithia (LAD) expands its presence in the U.S. Southeast Region by acquiring two dealerships in Memphis, TN, and one in the greater Toronto area.

Lithia (LAD) Expands Footprint in the US Southeast Region

MEMPHIS, Tenn.--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Memphis, Tennessee-based Sunrise Auto Group in the sale of Sunrise Wolfchase Buick GMC, the #1 Buick GMC dealership in Memphis, and Sunrise Buick GMC Collierville to Medford, Oregon-based Lithia Motors (NYSE:LAD). With the completion of this transaction, Kerrigan Advisors has represented on the sale of more than 80 franchises in the Southeast since 2020,.

Kerrigan Advisors Represents Sunrise Auto Group in Sale of Two Memphis Dealerships to Lithia Motors

MEDFORD, Ore. , June 11, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today it has expanded its footprint in the U.S. Southeast Region with the purchase of Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, Tennessee, and Woodbridge Hyundai in the greater Toronto area.

LITHIA & DRIVEWAY EXPANDS RETAIL NETWORK IN US SOUTHEAST REGION

Lithia's (LAD) near-term prospects look muted amid low organic sales growth, declining GPUs from new and used vehicle sales, rising expenses and high leverage.

Lithia (LAD) Short-Term View Bearish Despite Buyouts & Buybacks

MEDFORD, Ore. , June 4, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today a $350 million increase to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $660 million.

Lithia & Driveway Increases Share Repurchase Authorization

Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?

Why Is Lithia Motors (LAD) Down 1.4% Since Last Earnings Report?

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Lithia (LAD) reports mixed first-quarter results and hikes the dividend to 53 cents per share from 50 cents.

Lithia (LAD) Q1 Earnings Miss Expectations, Dividend Hiked

Following a tough outing for its first-quarter earnings, new and used car dealership Lithia Motors (NYSE: LAD ) saw its shares stumble more than 6% on Wednesday. However, ongoing economic challenges suggest that LAD stock could suffer from even more downside price action.

Trade of the Day: Bet Against Lithia Motors (LAD) Stock Before It's Too Late

Lithia Motors disappointed investors with lower-than-expected net income and a slight beat in revenues for the last quarter. Net income declined by 29% despite a 23% increase in revenues, indicating rising costs for the company. Same-store sales for new cars were up 2% while used car sales were down 5%, possibly due to a small price difference between new and used cars.

Lithia Motors: Despite Short-Term Troubles, Long-Term Story Remains Intact

Lithia Motors, Inc. (NYSE:LAD ) Q1 2024 Earnings Call Transcript April 24, 2024 10:00 AM ET Company Participants Amit Marwaha - Director of IR Bryan DeBoer - President and CEO Chris Holzshu - EVP and COO Tina Miller - SVP and CFO Chuck Lietz - SVP of Driveway Finance Adam Chamberlain - Chief Customer Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies John Murphy - Bank of America Rajat Gupta - JPMorgan Douglas Dutton - Evercore ISI Chris Bottiglieri - BNP Paribas Ron Josey - Citi Colin Langan - Wells Fargo David Whiston - Morningstar Operator Greetings, and welcome to Lithia Motors First Quarter 2024 Earnings Conference Call. At this time, all participants are on a listen-only mode.

Lithia Motors, Inc. (LAD) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Lithia Motors (LAD) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Lithia Motors (LAD) Q1 Earnings: A Look at Key Metrics

Lithia Motors (LAD) came out with quarterly earnings of $6.11 per share, missing the Zacks Consensus Estimate of $7.85 per share. This compares to earnings of $8.44 per share a year ago.

Lithia Motors (LAD) Lags Q1 Earnings Estimates

Announces Dividend of $0.53 per Share for First Quarter MEDFORD, Ore. , April 24, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue in company history.

Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase

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Our proven model doesn't conclusively predict an earnings beat for GPI, LAD, AN and PAG in Q1, as they don't have the right combination of a favorable Zacks Rank and a positive Earnings ESP.

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Earnings Preview: Lithia Motors (LAD) Q1 Earnings Expected to Decline

MEDFORD, Ore. , April 9, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its first quarter 2024 earnings will be released before the market opens on Wednesday, April 24, 2024.

Lithia & Driveway (LAD) Schedules Release of First Quarter 2024 Results

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News for Lithia Motors Stock (LAD)