Lithia Motors(US:LAD)2026-02-11 13:13Revenue Performance - Fourth quarter 2025 revenue increased 0.3% to $9.20 billion from $9.17 billion in the fourth quarter of 2024[4] - Full year 2025 revenue reached a record $37.63 billion, a 4.0% increase from $36.19 billion in 2024[6] - Total revenues for Q4 2025 were $9,197.8 million, a slight increase of 0.3% compared to $9,173.5 million in Q4 2024[22] - Total revenues for the three months ended December 31, 2025, were $8,839.8 million, a decrease of 0.5% compared to $8,884.4 million in 2024[24] Earnings and Profitability - Fourth quarter 2025 diluted earnings per share decreased 28% to $5.72 from $7.98 per share in the fourth quarter of 2024[4] - Full year 2025 net income increased 1% to $825.9 million from $816.3 million in 2024[7] - Net income attributable to LAD for Q4 2025 was $136.8 million, down 35.7% from $212.7 million in Q4 2024[22] - Net income for the twelve months ended December 31, 2025, was $854.7 million, compared to $790.4 million in 2024, representing an increase of 8.1%[31] - Net income for the three months ended December 31, 2025, was $137.9 million, a decrease of 35.5% compared to $213.7 million in 2024[32] Vehicle Sales - Used vehicle revenue increased 6.1% and used retail units increased 4.7% on a same-store basis in the fourth quarter[8] - New vehicle revenues decreased by 5.7% to $4,626.7 million in Q4 2025, while used vehicle revenues increased by 6.7% to $3,179.2 million[22] - Unit sales of new vehicles fell by 8.1% to 97,424 in Q4 2025, while used vehicle retail sales increased by 4.8% to 99,905[23] Expenses and Margins - SG&A expenses as a percentage of revenue increased to 10.7% in Q4 2025 from 9.9% in Q4 2024[23] - The net profit margin for Q4 2025 was 1.8%, down from 2.2% in Q4 2024[23] - Total selling, general and administrative expenses for the twelve months ended December 31, 2025, were $3,941.3 million, an increase of 5.0% from $3,747.3 million in 2024[31] Cash Flow and Assets - Cash, restricted cash, and cash equivalents at the end of the period were $341.8 million, down from $402.2 million in 2024[27] - Total assets increased to $25,107.2 million as of December 31, 2025, compared to $23,122.6 million in 2024[27] - Adjusted cash flow from operations for the twelve months ended December 31, 2025, was $1,291.3 million, compared to $1,246.8 million in 2024[29] Debt and Financing - Total debt rose by 11.7% to $14,821.9 million as of December 31, 2025, compared to $13,265.7 million in 2024[33] - Net debt increased by 17.4% to $4,864.1 million from $4,142.1 million in 2024[33] - Net debt to Adjusted EBITDA ratio was 2.92x for the twelve months ended December 31, 2025, compared to 2.71x in 2024[33] Other Financial Metrics - The company repurchased $947 million of shares, representing 11.4% of shares outstanding in 2025[8] - The Board of Directors approved a dividend of $0.55 per share related to fourth quarter 2025 financial results[11] - Adjusted EBITDA for the twelve months ended December 31, 2025, increased by 9.0% to $1,666.4 million from $1,528.2 million in 2024[32]