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Dec 31, 2022
Lithia Motors Q4 2022 Earnings Report
Lithia Motors reported an 11% increase in revenue for Q4 2022, but diluted EPS decreased by 6%.
Key Takeaways
Lithia & Driveway (LAD) reported an 11% increase in revenue to $7.0 billion for Q4 2022, the highest fourth quarter revenue in company history. However, net income attributable to LAD per diluted share decreased by 6% to $9.00. The company acquired nine stores and divested four stores during the quarter.
Revenue increased 11% to $7.0 billion.
Net income attributable to LAD per diluted share was $9.00, a 6% decrease.
New and used unit growth was 5% and 9%, respectively.
Total vehicle gross profit per unit decreased to $5,691, down $1,191.
Lithia Motors
Lithia Motors
Lithia Motors Revenue by Segment
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.com Forward Guidance
The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation: Future national and local economic and financial conditions, including as a result of regional or global public health issues, inflation and governmental programs, and spending.
Revenue & Expenses
Visualization of income flow from segment revenue to net income