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Dec 31, 2024
Lithia Motors Q4 2024 Earnings Report
Key Takeaways
Lithia & Driveway (LAD) reported record fourth-quarter revenue of $9.2 billion, marking a 20% increase year-over-year. Diluted EPS rose by 5% to $8.12, while adjusted EPS declined by 6% to $7.79. Net income remained flat at $217 million, and adjusted net income dropped 10% to $209 million. The company highlighted the first profitable year for its financing operations and continued growth in retail and aftersales segments.
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.comUnited Kingdom Revenue
CapyFin.comCanada Revenue
CapyFin.com Forward Guidance
Lithia & Driveway expects continued revenue growth in 2025, driven by its omnichannel strategy and expansion efforts. The company aims to optimize operational efficiency and enhance customer loyalty to sustain its market position.
Positive Outlook
- Continued revenue growth from acquisitions and organic sales.
- First profitable year for Driveway Finance Corporation.
- Expansion into the Mid-Atlantic region with new acquisitions.
- Increased share repurchases enhancing shareholder value.
- Robust financial foundation to support long-term growth.
Challenges Ahead
- Decline in adjusted earnings per share.
- Lower gross profit margins in new and used vehicle sales.
- Higher SG&A expenses impacting operating efficiency.
- Macroeconomic factors, including inflation and supply constraints.
- Increased interest expense reducing net profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income