LAD Earnings Prediction
The chart below shows how LAD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LAD sees a +2.46% change in stock price 10 days leading up to the earnings, and a +2.31% change 10 days following the report. On the earnings day itself, the stock moves by -0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
LAD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.22B
11.41%
-0.12%
Gross Margin
14.83%
-6.73%
0.00%
Operating Margin
4.62%
-16.15%
7.19%
Net Margin
2.42%
-24.38%
2.98%
EPS
7.80
-17.63%
-1.02%
No Data Available
LAD Earnings Analysis
Lithia Motors, Inc. Corporation (LAD.N) Earnings Conference Call
Positive
Record Revenue Growth: Lithia & Driveway grew revenues to a record $9.2 billion, an 11% increase from Q3 of last year.
Earnings Per Share Improvement: We achieved adjusted diluted earnings per share of $8.21, demonstrating continued improvement in our financial performance.
Cost Savings Achievement: We generated $200 million in annualized cost savings, primarily from personnel-related reductions.
Financing Operations Profit Increase: Our financing operations delivered a profit of $1 million this quarter compared to a loss of $4 million in the same quarter last year.
Net Leverage Target Alignment: We ended the quarter with net leverage of 2.7 times, in line with our long-term target of 3 times.
Negative
Financial Performance Decline: Total revenues declined by 6% and gross profits declined by 8%, indicating a significant downturn in financial performance.
Unit Sales Decline: Total unit sales decreased by 4% in the quarter, reflecting a drop in market demand.
Vehicle Profit Decline: New vehicle gross profit of $4,631 was down $589 compared to the same period last year, showing reduced profitability.
Used Vehicle Sales Decline: Used vehicle units were down 9.6% year-over-year, indicating challenges in inventory management and sales.
SG&A Percentage Decline: The adjusted SG&A as a percentage of gross profit was 66% during the quarter, a decline from 67.5% in the previous quarter, suggesting rising operational costs.
LAD FAQs
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LAD Earning Call Sentiment
Lithia Motors, Inc. (LAD) Q3 2024 Earnings Call Transcript
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LAD.N
-0.44%Positive
The earnings call summary indicates positive financial performance with increased revenue and EPS, despite some challenges like lower vehicle gross profit. The Q&A section reveals confidence in addressing used inventory challenges and cost-cutting successes. Share repurchase activity and strategic investments, such as in Wheels, further bolster sentiment. Although there are concerns about economic factors and regulatory issues, the overall outlook is optimistic. Therefore, a positive stock price movement (2% to 8%) is expected over the next two weeks.
