Lithia Motors, Inc.
 (LAD)

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  • Wed, Jan. 6, 10:06 AM
    • AutoNation (NYSE:AN) CEO Mike Jackson warned that the company's strong pace of sales growth in December was boosted by "significant retail discounts" amid elevated inventory.
    • "This plus 9% is misleading," Jackson told CNBC during an interview after the sales report was posted.
    • AutoNation is down 11%, while peers Lithia Motors (LAD -10.3%), Asbury Automotive Group (ABG -7.4%), Group 1 Automotive (GPI -7.4%), Sonic Automotive (SAH -4%), and CarMax (KMX -4%) are also lower.
    • Previously: Strong demand for domestic cars paces AutoNation (Jan. 06 2016)
    | Wed, Jan. 6, 10:06 AM | 13 Comments
  • Oct. 21, 2015, 7:38 AM
    • Lithia Motors (NYSE:LAD) reports total same-store sales rose 12% in Q3.
    • Revenue breakdown: New vehicle retail: $1.23B (+67.6%); Used vehicle retail: $505.89M (+48.6%); Used vehicle wholesale: $69.47M (+42.2%); Finance and insurance: $76.63M (+63.6%); Service, body and parts: $189.8M (+57.2%); Fleet and other: $15.98M (100%).
    • Same store F&I per unit grew +$71 to $1,274.
    • Gross margin rate fell 40 bps to 14.9%.
    • Adjusted SG&A expense rate improved 20 bps to 9.9%.
    • Operating margin rate -10 bps to 4.6%.
    • Total retail units sold grew 63% Y/Y to 63,607 units.
    • Q4 Guidance: Diluted EPS: $1.61 to $1.65.
    • FY2015 Guidance: Total revenues: $7.8B to $7.9B; Same-store revenues: $5.7B to $5.9B; New vehicle sales: +48%; Used vehicle sales: +41%; Service body and parts sales: +44%; New vehicle gross margin: 6% to 6.2%; Used vehicle gross margin: 12.4% to 12.6%; Service body and parts gross margin: 48.8% to 49.2%; Tax rate: 39%; Diluted EPS: $6.89 to $6.93; Average diluted shares outstanding: 26.5M.
    | Oct. 21, 2015, 7:38 AM
  • Oct. 21, 2015, 7:00 AM
    • Lithia Motors (NYSE:LAD): Q3 EPS of $2.03 beats by $0.16.
    • Revenue of $2.08B (+60.0% Y/Y) beats by $30M.
    | Oct. 21, 2015, 7:00 AM
  • Oct. 20, 2015, 5:30 PM
    | Oct. 20, 2015, 5:30 PM | 3 Comments
  • Oct. 14, 2015, 9:12 AM
    • Retail sales improved 2.4% Y/Y with some categories helping to offset the 20% drop in gasoline station sales.
    • Clothing store sales improved 0.9% M/M and 4.7% Y/Y. Both marks were much higher than sales churned up from department stores.
    • As expected, auto dealers and auto parts stores (ABG, AN, CPRT, GPI, KMX, LAD, PAG, AAP, AZO, ORLY, PBY) showed a brisk 9% Y/Y gain.
    • Furniture and home furnishings store sales were also ahead of the broad retail sales growth numbers with gains of 0.6% M/M and 5.3% Y/Y.
    • Previously: Retail sales missed consensus in September (Oct. 14 2015)
    • Related ETFs: IYK, IYC, SCC, UCC, UGE, SZK
    | Oct. 14, 2015, 9:12 AM
  • Oct. 14, 2015, 7:38 AM
    • Lithia Motors (NYSE:LAD) announces it acquired two new stores for undisclosed amounts.
    • The company added Crown Chrysler Jeep Dodge Ram Fiat in Concord, California and Bennett Motors in Great Falls, Montanta.
    • The two soon-to-be-renamed stores are expected to add $75M in annual revenue.
    | Oct. 14, 2015, 7:38 AM
  • Aug. 5, 2015, 2:16 PM
    • Lithia Motors (LAD +0.6%) announces it acquired Bitterfoot Ford in Montana for an undisclosed amount.
    • The acquisition is expected to add $50M to annual revenue.
    | Aug. 5, 2015, 2:16 PM
  • Jul. 22, 2015, 7:43 AM
    • Lithia Motors (NYSE:LAD) reports same-store sales rose 11% in Q2.
    • New vehicle same-store sales were up 8%, while the used vehicle comp was 16%.
    • Same store F&I per unit +$78 to $1,280.
    • Gross profit margin rate -80 bps to 14.9%, driven lower by a drop in used and fleet margins.
    • Average selling price: New -3.6% to $32,738; Used +2.6% to $19,798.
    • Guidance: Lithia expects Q3 EPS of $1.83-$1.87 and full-year EPS of $6.63-$6.67.
    • Previously: Lithia Motors beats by $0.23, beats on revenue
    | Jul. 22, 2015, 7:43 AM
  • Jul. 22, 2015, 7:30 AM
    • Lithia Motors (NYSE:LAD): Q2 EPS of $1.86 beats by $0.23.
    • Revenue of $2B (+63.9% Y/Y) beats by $100M.
    | Jul. 22, 2015, 7:30 AM
  • Jul. 21, 2015, 5:30 PM
    | Jul. 21, 2015, 5:30 PM | 2 Comments
  • Apr. 22, 2015, 7:49 AM
    • Lithia Motors (NYSE:LAD) reports total same-store sales increased 11% in Q1.
    • Revenue breakdown: New vehicle retail: $1.01B (+74.0%); Used vehicle retail: $462.93M (+53.3%); Used vehicle wholesale: $62.21M (+45.7%); Finance and insurance: $64.60M (+63.0%); Service, body and parts: $173.48M (+65.8%); Fleet and other: $18.14M (86.1%).
    • Gross margin rate declined 68 bps to 15.28%.
    • Operating margin rate fell 35 bps to 3.80%.
    • Total retail units sold +63.2% Y/Y to 54,827 units.
    • Q2 Guidance: Diluted EPS: $1.55 to $1.59.
    • FY2015 Guidance: Total revenues: $7.5B to $7.7B; Same-store revenues: $5.2 to $5.4B; New vehicle sales: +43.5%; Used vehicle sales: +36.5%; Service body and parts sales: +41%; New vehicle gross margin: 5.9% to 6.1%; Used vehicle gross margin: 12.6% to 12.8%; Service body and parts gross margin: 48.8% to 49.0%; Tax rate: 40%; Diluted EPS: $6.20 to $6.30; Average diluted shares outstanding: 26.5M; Capex: $100M.
    | Apr. 22, 2015, 7:49 AM
  • Apr. 22, 2015, 7:31 AM
    • Lithia Motors (NYSE:LAD): Q1 EPS of $1.39 beats by $0.17.
    • Revenue of $1.79B (+65.7% Y/Y) beats by $30M.
    | Apr. 22, 2015, 7:31 AM
  • Apr. 21, 2015, 5:30 PM
  • Feb. 25, 2015, 8:34 AM
    • Lithia Motors (NYSE:LAD) reports total same-store sales increased 14% in Q4.
    • Revenue breakdown: New vehicle retail: $1.07B (+81.8%); Used vehicle retail: $409.59M (+61.4%); Used vehicle wholesale: $59.87M (+59%); Finance and insurance: $60.06M (+66.9%); Service, body and parts: $172.4M (+71%); Fleet and other: $19.85M (179.2%).
    • Gross margin rate declined 98 bps to 14.56%.
    • Operating margin rate fell 77 bps to 3.68%.
    • Total retail units sold +73.9% Y/Y to 53,626 units.
    • FQ1 Guidance: Diluted EPS: $1.18 to $1.21.
    • FY2015 Guidance: Total revenues: $7.5B to $7.7B; Same-store revenues: $5.2 to $5.4B; New vehicle sales: +41.5%; Used vehicle sales: +36.5%; Service body and parts sales: +41%; New vehicle gross margin: 5.9% to 6.1%; Used vehicle gross margin: 12.3% to 12.5%; Service body and parts gross margin: 48.4% to 48.6%; Tax rate: 40%; Diluted EPS: $5.95 to $6.05; Average diluted shares outstanding: 26.5M; Capex: $120M.
    • LAD +2.97% premarket.
    | Feb. 25, 2015, 8:34 AM
  • Feb. 25, 2015, 7:31 AM
    • Lithia Motors (NYSE:LAD): Q4 EPS of $1.42 beats by $0.23.
    • Revenue of $1.79B (+75.5% Y/Y) beats by $110M.
    | Feb. 25, 2015, 7:31 AM
  • Feb. 24, 2015, 5:30 PM
Company Description
Lithia Motors Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services.
Sector: Services
Country: United States