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Lithia & Driveway (LAD) Reports Fourth Quarter Results and Full Year Results
Prnewswire· 2026-02-11 10:30
Financial Performance - The company reported record full year revenues of $37.63 billion, representing a 4.0% increase [1] - Fourth quarter revenue reached $9.20 billion, marking a strong performance [1] - Full year diluted earnings per share increased by 9.7%, while adjusted diluted earnings per share rose by 15.7% [1] Sales and Revenue Breakdown - Same-store sales were nearly flat during the quarter [1] - Used revenue increased by 6.1%, and used retail units grew by 4.7% on a same-store basis [1] - Aftersales revenue saw a significant increase of 10.9%, with gross profit up by 9.8% on a same-store basis [1] Financing Operations - Financing operations achieved record quarterly income of $23 million, an increase of $19 million from the previous year [1] - Driveway Finance Corporation attained a penetration rate of 15.0% with an average FICO score of 751 during the quarter [1] Shareholder Returns - The company reported fourth quarter diluted earnings per share of $5.72 and adjusted diluted earnings per share of $6.74 [1] - A total of $947 million in shares were repurchased, accounting for 11.4% of shares outstanding in 2025, including 3.8% of outstanding shares in the quarter [1] Strategic Acquisitions - The company made strategic acquisitions totaling $2.4 billion in annual revenue [1]