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Mar 31
Lithia Motors Q1 2025 Earnings Report
Reported record Q1 revenue and a 35% increase in EPS.
Key Takeaways
Lithia & Driveway delivered strong Q1 2025 results with record-high revenue of $9.2 billion and significant year-over-year growth in EPS and net income. The company saw gains across new vehicle sales, aftersales services, and finance operations, showcasing the strength of its diversified business model.
Achieved all-time high first quarter revenue of $9.2 billion.
Net income rose to $211 million, up 28% from Q1 2024.
Adjusted EPS increased 25% to $7.66.
DFC loan originations reached $623 million with a 4.6% net interest margin.
Lithia Motors
Lithia Motors
Lithia Motors Revenue by Segment
Lithia Motors Revenue by Geographic Location
Revenue by Segment
New Vehicle Retail Revenue
CapyFin.comUsed Vehicle Retail Revenue
CapyFin.comUsed Vehicle Wholesale Revenue
CapyFin.comFinance and Insurance Revenue
CapyFin.comAftersales Revenue
CapyFin.comFleet and Other Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comCanada Revenue
CapyFin.com Forward Guidance
LAD plans to maintain momentum by leveraging its integrated ecosystem, enhancing customer experience, and driving efficiencies across all business lines.
Positive Outlook
- Ongoing expansion via strategic acquisitions in the Mid-Atlantic and Southwest.
- Strong performance from Driveway Finance Corporation with $623M in originations.
- Increase in aftersales gross profit and stable same-store metrics.
- Healthy balance sheet with $1.4B in liquidity including cash and credit availability.
- Repurchased 1.7% of outstanding shares, reinforcing shareholder value.
Challenges Ahead
- Used vehicle gross profit margins slightly down year-over-year.
- Decline in average gross profit per new vehicle sold.
- Modest decrease in used vehicle wholesale revenue.
- Unrealized losses in investment impacted EPS by $0.27.
- Inventory levels have tightened slightly from year-end, potentially limiting volume growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income