Lithia Motors (LAD) reported $9.23 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 13.8%. EPS of $7.87 for the same period compares to $10.91 a year ago. The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $9.2 billion. With the consensus EPS estimate being $7.09, the EPS surprise was +11.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

财务业绩 - 第二季度收入创历史新高,达92亿美元,同比增长14%[2] - 前6个月收入同比增长18%,达178亿美元[7] - 公司第二季度收入为9.75亿美元，同比增长15.8%[27] - 公司第二季度净利润为2.14亿美元，同比下降27.9%[27] - 公司第二季度营业利润率为4.3%，同比下降1.6个百分点[32] - 总收入为74.79亿美元，同比下降6.4%[34] - 公司二季度营业收入为13.687亿美元，同比增长3.1%[49,50] - 公司二季度经调整后每股收益为7.87美元，同比增长28.3%[51,52] - 公司上半年经调整后每股收益为13.97美元，同比增长27.5%[58,59] - 公司二季度经调整后息税折旧摊销前利润(Adjusted EBITDA)为4.354亿美元，同比下降13.6%[63,64] - 公司上半年经调整后息税折旧摊销前利润(Adjusted EBITDA)为7.968亿美元，同比下降12.4%[63,64] - 公司二季度营业利润为4.014亿美元，同比增长4.0%[50] - 公司上半年营业利润为7.505亿美元，同比增长10.6%[57] 业务拓展 - 融资业务首次实现盈利,收益7百万美元[6] - Driveway Finance Corporation发放贷款5.62亿美元,总贷款组合达36亿美元[6] - 在田纳西州和大多伦多地区分别收购了2家门店[9] - 与丸红公司合作,收购了Wheels Inc.少数股权,进一步拓展了全渠道战略[10] 资本运作 - 回购了2.9%的股票[6] - 第二季度末现金及现金等价物、有价证券和未使用的信贷额度合计约13亿美元[11] - 董事会批准派发每股0.53美元的股息[12] - 2024年已回购约79.3万股,剩余授权额度约6.138亿美元[13] - 公司总债务为134.76亿美元，较上年同期增加41.8%[65] - 剔除与经销商融资相关的债务后,公司净债务为38.48亿美元,较上年同期增加3.4%[66] - 公司TTM调整后EBITDA为16.51亿美元,较上年同期下降9.3%[67] - 公司净债务与调整后EBITDA比率为2.33倍,较上年同期上升[67] - 公司非贸易性经销商融资债务为26.97亿美元,较上年同期增加57.9%[65] - 公司经销商融资债务为25.90亿美元,较上年同期增加133.8%[65] - 公司用于购买二手车和维修用车的融资额度为10.15亿美元,较上年同期增加15.8%[65] - 公司无追索权票据债务为20.26亿美元,较上年同期增加62.4%[65] - 公司其他债务(包括融资租赁等)为8.76亿美元,较上年同期增加27.4%[65] - 公司未偿还债务的发行成本为2.83亿美元,较上年同期下降9.9%[65] 销售业绩 - 公司第二季度新车零售销量为92,508辆,同比增长10.7%[30] - 公司第二季度二手车零售销量为109,249辆,同比增长35.6%[30] - 公司第二季度新车平均售价为47,603美元,同比下降0.9%[30] - 公司第二季度二手车平均售价为27,332美元,同比下降10.3%[30] - 公司第二季度新车毛利为3,467美元,同比下降25.2%[30] - 公司第二季度二手车毛利为1,790美元,同比下降32.2%[30] - 公司第二季度金融及保险业务毛利为1,789美元,同比下降13.1%[30] - 新车零售收入为38.10亿美元,同比下降3.7%[34] - 二手车零售收入为22.54亿美元,同比下降6.8%[34] - 金融和保险收入为3.14亿美元,同比下降5.7%[34] - 服务、车身和配件收入为7.78亿美元,同比下降1.4%[34] - 新车零售毛利率为7.0%,同比下降260个基点[34] - 二手车零售毛利率为7.5%,同比下降110个基点[34] - 美国市场占总收入的77.0%,占总毛利的82.7%[35] - 新车库存天数为87天,二手车库存天数为65天[36] - 利息收入率为9.3%,利息支出率为5.2%,利息净收益率为4.1%[38] - 公司上半年经营活动产生的现金流为9.527亿美元,较上年同期增长90.6%[48] - 公司二季度销售、一般及管理费用为9.674亿美元,同比增长15.7%[50] - 公司上半年销售、一般及管理费用为18.94亿美元,同比增长17.9%[57]

Lithia Motors (LAD) came out with quarterly earnings of $7.87 per share, beating the Zacks Consensus Estimate of $7.09 per share. This compares to earnings of $10.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11%. A quarter ago, it was expected that this auto dealership chain would post earnings of $7.85 per share when it actually produced earnings of $6.11, delivering a surprise of -22.17%. Over the last four quarters, ...

MEDFORD, Ore., Aug. 1, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD), a leader in automotive retail, has realigned organizational leadership to more efficiently realize operational potential and leverage the competitive advantages of its now completed customer ecosystem. To achieve this, Adam Chamberlain has been promoted to Executive Vice President, Chief Operating Officer (COO) and Chris Holzshu will continue as an Executive Vice President, with both supporting LAD's commitment to delivering best-in- ...

MEDFORD, Ore., July 16, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its second quarter 2024 earnings will be released before the market opens on Thursday, August 1, 2024. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lit ...

Lithia Motors, Inc. (LAD) , alongside Marubeni Corporation, has made a notable minority investment in Wheels, a prominent fleet management company in North America. This strategic move positions Wheels with key players in the mobility industry as it carries on to innovate its top-tier product offerings for corporate clients. Recognizing the ever-evolving automotive sector, Wheels values the extensive industry expertise brought by Marubeni and LAD.Marubeni has been investing in the U.S. automotive value chai ...

DES PLAINES, Ill. and TOKYO and MEDFORD, Ore. and NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Wheels, a leading fleet management company in North America, announced that it received a significant minority investment from Marubeni Corporation ("Marubeni") and Lithia & Driveway ("Lithia"). The strategic investment aligns Wheels with notable players in the mobility space as it continues to innovate, building upon its best-in-class product offerings to corporate clients. As the pioneer in fleet leasing and serv ...

文章核心观点 - 公司通过收购Sunrise Chevrolet Buick GMC、Sunrise Buick GMC和Woodbridge Hyundai等经销商,进一步扩大在美国东南地区和加拿大大多伦多地区的业务规模 [1][2] - 这些收购预计将为公司带来超过2.4亿美元的年化收入 [1] - 公司表示这些收购有助于提升消费者体验,满足客户需求 [3] - 这些收购使得公司今年累计预期年化收入超过56亿美元 [4] - 公司还完成了对英国Pendragon集团和明尼阿波利斯-圣保罗地区Carousel Motor Group的收购,预计将分别为公司带来45亿美元和9亿美元的年化收入 [5] 行业分析 - 公司目前的股票评级为Zacks Rank 5(强卖) [6] - 同行业中Blue Bird Corporation、Oshkosh Corporation和American Axle & Manufacturing Holdings Inc.的股票评级为Zacks Rank 1(强买) [7] - 分析师预计Blue Bird Corporation 2024年销售额和利润将同比增长17.29%和155.14% [8] - 分析师预计Oshkosh Corporation 2024年销售额和利润将同比增长9.86%和11.92% [9] - 分析师预计American Axle & Manufacturing Holdings Inc. 2024年销售额和利润将同比增长3.05%和544.44% [10]

MEDFORD, Ore., June 11, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today it has expanded its footprint in the U.S. Southeast Region with the purchase of Sunrise Chevrolet Buick GMC at Collierville and Sunrise Buick GMC at Wolfchase in Memphis, Tennessee, and Woodbridge Hyundai in the greater Toronto area. Combined, these newly acquired stores are projected to generate over $240 million in annualized revenue.  The dominant Sunrise stores in Tennessee mark LAD's debut in the Memphis market, ...

Lithia Motors (LAD) , one of the leading auto retailers in the United States, has been on an aggressive acquisition spree and remains committed to shareholder returns through buybacks and dividends. Despite its strategic moves, the company's stock performance has been lackluster of late, indicating potential challenges ahead.In this write-up, we will discuss the reasons behind our near-term bearish outlook for Lithia, despite its aggressive growth strategies and share repurchase programs. LAD’s Buyout Binge ...