Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Lithia Motors Q4 Earnings Top Estimates

  • Lithia Motors Inc (NYSE:LAD) reported fourth-quarter FY21 sales growth of 60.1% year-on-year, to $6.31 billion, beating the analyst consensus of $6.15 billion.
  • New vehicle retail revenues increased 37.7% Y/Y, and used vehicle retail revenues rose 82.1%.
  • Total vehicle gross profit per unit improved 57.4% to $6,882. Gross profit increased 91.7% Y/Y to $1.2 billion, and the gross margin expanded 320 basis points to 19.7%.
  • The operating margin was 7.9%, and operating income for the quarter rose 114.4% to $503.7 million.
  • Adjusted EPS of $11.39 beat the analyst consensus of $10.14.
  • Lithia Motors held $174.8 million in cash and equivalents as of December 31, 2021. Net cash provided by operating activities for the twelve months totaled $1.8 billion.
  • The Board of Directors approved a dividend of $0.35 per share payable on March 25, 2022, to shareholders of record on March 11, 2022.
  • Price Action: LAD shares closed 3.83% higher at $298.76 on Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.