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Dec 31, 2021
Lithia Motors Q4 2021 Earnings Report
Lithia & Driveway reported record Q4 2021 performance with revenue increasing by 60% and EPS by 36%.
Key Takeaways
Lithia & Driveway (LAD) reported a strong fourth quarter in 2021, with a 60% increase in revenue to $6.3 billion and a 36% increase in net income per diluted share to $9.57. Adjusted net income per diluted share increased by 109% to $11.39. The company also announced a dividend of $0.35 per share for the fourth quarter.
Revenue increased by 60.1% compared to the fourth quarter of 2020.
New vehicle retail revenues increased by 37.7%.
Used vehicle retail revenues increased by 82.1%.
F&I per unit increased 23.3% to $2,125.
Lithia Motors
Lithia Motors
Lithia Motors Revenue by Segment
Forward Guidance
This section was not included in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income