Wed, Apr. 22, 7:49 AM
- 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.
Wed, Feb. 25, 8:34 AM
- 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.
Oct. 15, 2014, 8:15 AM| Comment!
Oct. 2, 2014, 9:40 AM
- There's more than passing interest in the auto retailer/dealership group over Warren Buffett's acquisition of Van Tuyl Group.
- Analysts have already tapped the sector as ripe for M&A opportunities before Buffett skipped into the fray.
- AutoNation (AN +2.2%), CarMax (KMX +1.5%), Sonic Automotive (SAH +3.5%), Lithia Motors (LAD +7.1%), Penske Automotive (PAG +3.4%), Group 1 Automotive (GPI +3.5%), Asbury Automotive (ABG +5.5%), Rush Enterprises (RUSHA) are all higher in early action.
- Related: Strong comps at AutoNation.
Jul. 23, 2014, 2:59 PM
- Lithia Motors (LAD +4.7%) rises near 52-week highs after the auto dealership chain reported positive Q2 results and a sunny view of the rest of the year.
- Retail sales of new vehicles at locations open one year or more rose 12% in Q2 while retail same-store sales of used cars increased 11% over the same quarter last year.
- LAD projects Q3 EPS of $1.36-$1.38, with sales of $1.2B-$1.3B, and raises is FY 2014 EPS outlook to $4.95-$5, up from $4.57-$4.65 and $4.84 analyst consensus.
- LAD purchased the three new stores in Texas, Oregon and Alaska during Q2, which it says will bring in another $165M in estimated annual revenue.
Apr. 1, 2014, 10:50 AM
- Automobile industry stocks are on the rise as the early batch of reports on U.S. sales beat expectations on broad strength.
- Advancers: Lithia Motors (LAD) +2.1%, Asbury Automotive (ABG) +2.3%, Sonic Automotive (SAH) +2.2%, America's Car-Mart (CRMT) +1.4%, CarMax (KMX) +1.5%, AutoNation (AN) +1.5%, Pep Boys (PBY) +2.2%, O'Reilly Automotive (ORLY) +1.7%, Advance Auto Parts (AAP) +0.9%.
Feb. 6, 2014, 1:39 PM
- Shares of O'Reilly (ORLY +9.3%) are higher after the company surprises with its Q4 report to follow along with peer Advance Auto Parts (AAP +12.4%).
- The harsh winter weather appears to have created a pickup in demand at auto parts retailers and service centers.
- Sector movers: Pep Boys (PEP) +4.2%, AutoZone (AZO) +5.2%, U.S. Auto Parts (PRTS) +1.2%, LKQ Corporation (LKQ) +3.2%, Genuine Parts (GPC) +3.0%, Monro Muffler (MNRO) +2.7%, Lithia Motors (LAD) +3.8%, Sonic Automotive (SAH) +2.0%.
Apr. 24, 2013, 9:07 AM
Oct. 24, 2012, 8:00 AM
Jul. 25, 2012, 3:40 PM
Jun. 5, 2012, 2:43 PM
Apr. 25, 2012, 10:58 AMLithia Motors (LAD +5.9%) trades higher after clobbering the estimates of analysts with its Q1 report and raising its full-year earnings guidance to $2.45-$2.63 a share, from a prior view of $2.06-$2.16. The company takes the stance that Q1 results support its case that a multi-year recovery in new vehicle sales is ahead. | Comment!
Apr. 25, 2012, 8:26 AM
Apr. 3, 2012, 10:59 AM
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