8-K
filed February 14, 2024, 6:59 PM ET
ticker LAD
CIK 0001023128
earnings
confidence high
sentiment negative
materiality 0.75
Lithia Motors Q4 revenue $7.7B (+10%), EPS $7.74 (-14%); declares $0.50 dividend
LITHIA MOTORS INC
2023-FY EPS reported
$36.29
revenue$31,042,300,000
- Q4 revenue $7.7B (+10% YoY); net income $216M (-13%); diluted EPS $7.74 (-14%).
- Adjusted Q4 EPS $8.24 (-9%); includes $0.21 unrealized FX gain.
- Full year 2023 revenue $31.0B (record); net income $1.0B; diluted EPS $36.29.
- Board declares $0.50/share dividend payable March 22, 2024 to holders of record March 9.
- Q4 share repurchases: 142,700 shares at avg $240.81; ~$467M remaining authorization.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
LITHIA MOTORS INC reported full year 2023 results: EPS $36.86.
- Period
- full year 2023
- EPS
- $36.86
- Result
- reported results
Exact text from the filing
Full year 2023 revenue increased 10% to a record $31.0 billion from $28.2 billion in 2022. Full year 2023 net income attributable to LAD per diluted share decreased 18% to $36.29 from $44.17 for 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
LITHIA MOTORS INC reported full year 2023 results: EPS $36.86.
- Period
- full year 2023
- EPS
- $36.86
- Result
- reported results
Exact text from the filing
Adjusted net income attributable to LAD per diluted share decreased 17% to $36.86 from $44.42 for 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
LITHIA MOTORS INC reported fourth quarter of 2023 results: net income $230 million.
- Period
- fourth quarter of 2023
- Net income
- $230 million
- Result
- reported results
Exact text from the filing
Adjusted fourth quarter 2023 net income attributable to LAD per diluted share was $8.24, a 9% decrease compared to $9.05 per diluted share in the same period of 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
LITHIA MOTORS INC reported fourth quarter of 2023 results: net income $230 million.
- Period
- fourth quarter of 2023
- Net income
- $230 million
- Result
- reported results
Exact text from the filing
Adjusted fourth quarter 2023 net income was $230 million, a 8% decrease compared to adjusted net income of $251 million for the same period of 2022.
View on SEC.gov
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