One company that I have been quite bullish about recently is Lithia Motors (NYSE: LAD ). For those not familiar with the firm, it operates as one of the largest global automotive retailers out there. In additionCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P f ...

Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of North Branch Chevrolet in Minnesota from Lithia & Driveway (LAD) to Tyler Kadlec of Tom Kadlec Automotive.IRVINE, Calif., Dec. 16, 2024 /PRNewswire/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is proud to represent Lithia & Driveway (NYSE: LAD) on the sale of North Branch Chevrolet in North Branch, Minnesota to Tyler Kadlec of Tom Kadlec Automotive. Performan ...

Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Carson Nissan in California from Lithia & Driveway (LAD) to David Massoudi of Mass Auto Group.IRVINE, Calif., Dec. 6, 2024 /PRNewswire/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is proud to represent Lithia & Driveway (NYSE: LAD) on the sale of Carson Nissan in Carson, California to David Massoudi of Mass Auto Group. Lithia & Driveway – Performance Brokerag ...

A month has gone by since the last earnings report for Lithia Motors (LAD) . Shares have added about 14.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Lithia Motors due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Lithia Q3 Earnings Beat Expectations, Revenues ...

For Immediate ReleaseChicago, IL – November 14, 2024 – Today, Zacks Equity Research Lithia Motors (LAD) and Rush Enterprises (RUSHA) .Industry: Auto RetailLink: https://www.zacks.com/commentary/2369377/2-resilient-auto-retailers-rewarding-investors-amid-industry-hurdles?art_rec=quote-stock_overview-zacks_news-ID01-txt-2369377The outlook for the Zacks Auto Retail and Wholesale industry is muted now amid concerns over slowing vehicle sales growth. While consumer incentives offer some relief, they also squeeze ...

The outlook for the Zacks Auto Retail and Wholesale industry is muted now amid concerns over slowing vehicle sales growth. While consumer incentives offer some relief, they also squeeze retailers' profit margins. Adding to the pressure, uncertainty surrounding EV policies under Donald Trump's presidency may further dampen sales. Despite these complex challenges, auto retailers like Lithia Motors (LAD) and Rush Enterprises (RUSHA) appear well-prepared, leveraging strategic expansions and shareholder-focused ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------|-----------------------------|-----------------------------------|------------|------ ...

Lithia Motors (LAD) reported third-quarter 2024 adjusted earnings per share of $8.21, which declined from the prior-year quarter's $9.25 but surpassed the Zacks Consensus Estimate of $7.59. Higher-than-expected revenues from used vehicle wholesale and aftersales segments led to the beat. The auto retailer clocked revenues of $9.2 billion, which increased 11.4% year over year but missed the Zacks Consensus Estimate of $9.4 billion. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. Seg ...

Investor Presentation OCTOBER 2024 UPDATED 10/23/24 2 N Y S E : L A DDisclosure Forward-Looking Statements Certain statements in this presentation, and at times made by our officers and representatives, constitute forwardlooking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as "project", "outlook", "target", "may", "will", "would", "should", "seek", "expect", "plan", ...

Financial Data and Key Metrics Changes - Lithia Motors achieved record revenues of $9.2 billion in Q3 2024, an 11% increase from Q3 2023 [6] - Adjusted diluted earnings per share reached $8.21, reflecting strong operational execution [5] - Adjusted SG&A as a percentage of gross profit improved from 67.9% in Q2 to 66% in Q3 [6][22] - Annualized cost savings reached $200 million, exceeding initial targets [7][38] Business Line Data and Key Metrics Changes - New vehicle units increased by 2% year-over-year, while used vehicle units decreased by 9.6% [20] - Aftersales revenues grew by 5.1% compared to the prior year, with a gross profit margin of 56% [21] - Front-end GPUs for used vehicles remained stable at $2,136, while new vehicle GPUs normalized to $4,631 [20][21] Market Data and Key Metrics Changes - The digital ecosystem saw growth to 12 million monthly unique visitors, with Driveway and GreenCars contributing 3 million [11] - The company operates in one of the largest addressable retail markets globally, with a focus on capturing market share [10] Company Strategy and Development Direction - The company aims to enhance operational efficiencies, customer loyalty, and market share through disciplined execution and strategic partnerships [6][9] - Acquisition remains a core competency, targeting a minimum after-tax return of 15% [12] - The company is focused on building a complete mobility ecosystem and leveraging its scale for growth [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate market dynamics and achieve profitability through operational improvements [12][29] - The company anticipates continued strength in aftersales and a gradual normalization of vehicle GPUs [7][60] - Management highlighted the importance of adapting to local market conditions and maintaining financial discipline [28] Other Important Information - The financing operations segment reported profitability of $1 million, a significant improvement from a loss of $4 million in the same quarter last year [24] - The company repurchased $54 million of its outstanding shares during the quarter, representing 0.7% of total shares [14][27] Q&A Session Summary Question: Used inventory trends and strategy - Management acknowledged challenges in sourcing core models and emphasized a focus on improving used inventory performance moving forward [30][31] Question: DFC operating income and provision concerns - Management noted signs of stress primarily in the subprime segment but expressed confidence in the overall portfolio's health [33][34] Question: Cost-cutting targets and future expectations - Management exceeded initial cost-saving targets and indicated potential for further reductions, with a focus on operational efficiencies [38][39] Question: Impact of Stellantis incentives on sales - Management reported mixed results with Stellantis, noting a need for pricing adjustments to improve market share [40][41] Question: SG&A improvements and future modeling - Management provided insights on expected SG&A trends, factoring in seasonality and potential further reductions [45][46] Question: Share repurchase flexibility and M&A pipeline - Management indicated a balanced approach to capital allocation, with flexibility to adjust share repurchases based on M&A opportunities [47][48] Question: Wholesale revenue and inventory management - Management attributed revenue jumps to normal seasonality rather than specific fallout from CDK [54] Question: Future GPU expectations and industry dynamics - Management expressed optimism about stabilizing GPUs and anticipated a return to normalized levels as supply improves [56][62]