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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%.
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.com 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).
- The adequacy of our cash flow and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level.
- Disruptions to our technology network including computer systems and software, as well as natural events such as severe weather, fires, floods and earthquakes or man-made or other disruptions of our operating systems, structures, facilities or equipment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income