earnings
confidence high
sentiment positive
materiality 0.85
Lithia posts record Q1 revenue $6.7B (+54%), EPS $11.55 (+99%), dividend $0.42
LITHIA MOTORS INC
2022-Q1 EPS reported
$11.55
revenue$6,705,300,000
- Revenue $6.7B (+54% YoY); EPS $11.55 (+99%); adjusted EPS $11.96 (+103%).
- Driveway hits 1M monthly unique visitors; March transactions 3,100; quarterly transactions up >1,000%.
- F&I per unit up 28.6% to $2,260; service/body/parts revenue +55.4%.
- Acquired 3 Stellantis stores in Las Vegas (~$400M annual revenue); YTD acquisitions $1.1B annualized.
- Dividend raised to $0.42/share (payable May 27); $572M remaining share repurchase authorization.