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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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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