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Dec 31, 2019
Lithia Motors Q4 2019 Earnings Report
Lithia Motors reported record full year revenues and earnings per share for Q4 2019.
Key Takeaways
Lithia Motors reported a strong Q4 2019, with revenue increasing by 10% to a record $3.3 billion. Net income per diluted share increased by 14% to $2.89, and adjusted net income per diluted share increased by 15% to $2.95.
Total adjusted net income per diluted share increased 15%.
Total same store sales increased 7%.
Same store new vehicle retail sales increased 4%.
Same store used vehicle retail sales increased 17%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Lithia Motors is well-positioned to take advantage of the robust acquisition market in 2020, with over $1 billion in liquidity.
Positive Outlook
- Future market conditions, including anticipated national new car sales levels.
- Expected operating results, such as improved store performance; continued improvement of selling, general and administrative expenses ("SG&A") as a percentage of gross profit and all projections.
- Anticipated integration, success and growth of acquired stores.
- Anticipated ability to capture additional market share.
- Anticipated ability to find accretive acquisitions.
Challenges Ahead
- Future economic and financial conditions (both nationally and locally).
- Changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers.
- Risks associated with our indebtedness (including available borrowing capacity, compliance with financial covenants and ability to refinance or repay indebtedness on favorable terms).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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