Lithia Motors Inc

LAD

Equity

ISIN US5367971034 / Valor 565449

New York Stock Exchange, Inc (2024-09-18)

USD 286.30+0.97%

Lithia Motors Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Lithia Motors Inc. is a company that provides vehicle service and auto repair through its factory trained auto mechanics and technicians. They offer a range of services including lube jobs, tire rotations, clutch, brakes, and more using Original Equipment Manufacturer (OEM) parts and accessories. Customers can easily locate a car repair and auto service shop near them and schedule appointments online through the company's various dealership websites.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

Lithia Motors Inc. reported a significant increase in revenue for the third quarter of 2023. The company's revenue reached $8.1 billion, marking a 12% growth compared to the same quarter in the previous year. This growth was driven by strong performance across both new and used vehicle sales.

Net Income

For the third quarter of 2023, Lithia Motors Inc. achieved a net income of $300 million. This represents a 15% increase from the net income reported in the third quarter of 2022. The rise in net income is attributed to improved operational efficiencies and higher sales volumes.

Earnings Per Share

Lithia Motors Inc. reported diluted earnings per share (EPS) of $10.50 for the third quarter of 2023. This is a notable increase from the $9.00 EPS reported in the same quarter of the previous year. The increase in EPS reflects the company's strong financial performance and effective cost management strategies.

Same-Store Sales

In the third quarter of 2023, Lithia Motors Inc. experienced a 7% increase in same-store sales compared to the third quarter of 2022. This growth was driven by higher customer demand and successful marketing initiatives that boosted both new and used vehicle sales.

Dividend Announcement

Lithia Motors Inc. declared a quarterly dividend of $0.42 per share for the third quarter of 2023. This dividend is consistent with the previous quarter, reflecting the company's commitment to returning value to its shareholders while maintaining a strong financial position.

Summarized from source with an LLMView Source

Key figures

-4.89%1Y

-15.1%3Y

119%5Y

Performance

38.0%1Y

40.7%3Y

47.6%5Y

Volatility