earnings
confidence high
sentiment negative
materiality 0.75
Lithia Q3 revenue record $9.2B (+11% YoY), but EPS falls 18% to $7.80
LITHIA MOTORS INC
2024-Q3 EPS reported
$21.54
revenue$27,014,700,000
- Diluted EPS $7.80 vs $9.46 YoY; adjusted EPS $8.21 vs $9.22, down 11%.
- Net income $223M, down 16% from $265M; revenue rose 11% to $9.2B.
- Aftersales same-store gross profit +6.3%; DFC originated $518M loans, portfolio $3.8B.
- Board declared $0.53/sh dividend, payable Nov 15 to holders of record Nov 8.
- Repurchased 0.7% of shares in Q3; ~$561M remaining under buyback authorization.