Lithia Motors ( (LAD) ) has released its Q4 earnings. Here is a breakdown of the information Lithia Motors presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Lithia & Driveway (LAD) is a leading global automotive retailer offering a broad range of products and services throughout the vehicle ownership lifecycle, known for its comprehensive network and strong financial foundation. The company has reported a record-breaking fourth quarter revenue of $9.2 billion, marking a 20% increase from the previous year, and achieving profitability in its financing operations for the first time. Key highlights from the earnings report include a 7.4% increase in new retail units on a same-store basis and a 4.5% rise in aftersales gross profit, alongside significant growth in the Driveway Finance Corporation’s loan portfolio and interest margin. Additionally, Lithia & Driveway repurchased 0.9% of its outstanding shares and announced a dividend of $0.53 per share for the fourth quarter. Looking forward, Lithia & Driveway aims to capitalize on its omnichannel strategy and robust financial position to drive sustained growth and deliver best-in-class returns in 2025 and beyond.
