earnings
confidence high
sentiment negative
materiality 0.75
Lithia Motors Q3 revenue record $8.3B, EPS down 21% to $9.46; declares $0.50 dividend
LITHIA MOTORS INC
2023-Q3 EPS reported
$28.54
revenue$23,368,000,000
- Revenue $8.3B (+13% YoY); net income $265M (-20%); diluted EPS $9.46 (-21% from $11.92).
- Adjusted diluted EPS $9.25, down 17% YoY; foreign currency loss impacted EPS by $0.28.
- Total vehicle gross profit per unit $5,218, down $930 YoY; service/body/parts revenue up 18%.
- Acquired four stores (~$290M annualized revenue) and divested four stores (~$180M revenue) in Q3.
- Board declared $0.50 per share dividend, payable Nov 17 to holders of record Nov 10.