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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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