tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Lithia & Driveway Reports Record Revenue and Earnings Growth

Lithia & Driveway Reports Record Revenue and Earnings Growth

Lithia Motors ( (LAD) ) has released its Q2 earnings. Here is a breakdown of the information Lithia Motors presented to its investors.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Lithia & Driveway (LAD) is a leading global automotive retailer offering a wide range of products and services throughout the vehicle ownership lifecycle, with a focus on providing simple, convenient, and transparent experiences through their extensive network of physical locations and e-commerce platforms.

In its latest earnings report, Lithia & Driveway announced record second-quarter revenue of $9.6 billion, marking a 4% increase from the previous year. The company also reported a significant 25% rise in diluted earnings per share, reaching $9.87, and a 30% increase in adjusted diluted earnings per share.

Key highlights from the report include a 19.2% increase in net income to $258 million and a 4.3% rise in total gross profits. The company’s financing operations saw a remarkable 179% increase in profitability, generating $20 million. Additionally, Lithia & Driveway’s Driveway Finance Corporation originated $731 million in loans, with U.S. penetration increasing to 14.8%. The company also repurchased 1.5% of its outstanding shares and announced a dividend of $0.55 per share.

Looking ahead, Lithia & Driveway’s management remains optimistic about accelerating growth in the latter half of 2025 and beyond, driven by their scalable omnichannel ecosystem and recent acquisitions. The company is well-positioned to continue its market-share gains and earnings growth, ensuring capital efficiency for its shareholders.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1