NYSE$LAD
Lithia Motors Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Lithia Motors achieved record quarterly revenue and EPS, driven by strong performance across business lines and strategic acquisitions.
Lithia & Driveway reported record second-quarter revenue of $7.2 billion, a 20% increase year-over-year. Net income per diluted share rose by 8% to $11.60, and adjusted net income per diluted share increased by 10% to $12.18. The company's Driveway Finance Corp achieved a 12.9% penetration rate in June, and Lithia continued its expansion through strategic acquisitions.
- Revenue increased by 20% to $7.2 billion, marking the highest quarterly revenue in the company's history.
- Net income per diluted share grew by 8% to $11.60, with an adjusted increase of 10% to $12.18.
- Driveway Finance Corp achieved a 12.9% penetration rate in June, becoming the #1 lender to LAD customers.
- The company acquired thirteen locations during the quarter, expected to generate $1.2 billion in annualized revenues.
Headline financials
Revenue & EPS history
Lithia Motors · Revenue · Quarterly
$7.24B
Revenue by segment
Lithia Motors · $6.77B total across 4 segments · Q2 2022
- New Vehicle Retail$3.25B+3.3%48.0%
- Used Vehicle Retail$2.51B+39.1%37.1%
- Aftersales$683M+31.0%10.1%
- Finance & Insurance$330M+22.6%4.9%
Forward guidance
The company did not provide specific forward guidance but expressed optimism about achieving its 2025 plan through operational excellence, acquisition integration, and expansion of its finance and e-commerce businesses.
Tailwinds
- Continued investment in the network.
- Expansion of adjacencies to grow earnings.
- Expansion of competitive advantages.
- Balanced approach towards building the business.
- Ability to deliver returns to shareholders through acquisitions, business lines, dividends and share repurchases.
Headwinds
- Future market conditions, including car sales and inventory supply.
- Availability of stores for acquisition at acceptable prices.
- Changes in customer demand and OEM relationships.
- Competitive landscape changes, including technology advancements.
- Risks associated with indebtedness and compliance with financial covenants.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.3%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+1.4%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+26.2%
Q2 2020
Best reaction
-11.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | +1.6% | +4.8% | |
| Q4 2025 | -1.9% | -7.7% | -22.0% | |
| Q3 2025 | -1.2% | +3.2% | -3.0% | |
| Q1 2025 | -5.8% | -1.6% | +5.4% | |
| Q4 2024 | +4.6% | +3.0% | -19.8% | |
| Q3 2024 | +10.1% | +11.4% | +28.3% | |
| Q2 2024 | +5.0% | +1.3% | +9.0% | |
| Q1 2024 | -2.6% | -1.2% | -3.1% | |
| Q4 2023 | +2.0% | -2.2% | -5.5% | |
| Q3 2023 | -2.5% | -2.8% | +8.3% | |
| Q2 2023 | +5.4% | +6.2% | +3.0% | |
| Q1 2023 | -2.3% | -0.5% | -0.1% | |
| Q4 2022 | -6.5% | -4.2% | -25.5% | |
| Q3 2022 | -11.7% | -6.7% | +9.9% | |
| Q2 2022 | -8.2% | -13.6% | -8.9% | |
| Q1 2022 | -4.7% | -5.3% | -7.9% | |
| Q4 2021 | +4.2% | +3.4% | +7.2% | |
| Q3 2021 | -0.4% | -0.8% | -14.0% | |
| Q2 2021 | +5.6% | +4.8% | -7.6% | |
| Q1 2021 | +2.0% | +3.3% | -4.4% | |
| Q4 2020 | +6.2% | +12.1% | +11.3% | |
| Q3 2020 | -3.8% | -7.2% | +8.3% | |
| Q2 2020 | +26.2% | +29.6% | +49.6% | |
| Q1 2020 | +11.1% | +21.5% | +35.2% | |
| Q4 2019 | -6.6% | -6.5% | -31.9% | |
| Q3 2019 | +18.4% | +20.6% | +23.2% | |
| Q2 2019 | +15.4% | +14.4% | +7.4% | |
| Q1 2019 | +12.7% | +16.5% | +19.0% | |
| Q4 2018 | -2.9% | +1.9% | +1.8% | |
| Q3 2018 | +18.9% | +17.7% | +8.0% | |
| Q2 2018 | -9.6% | -7.2% | -8.8% | |
| Q1 2018 | -2.6% | -3.7% | -1.9% | |
| Q4 2017 | -5.8% | -5.9% | -10.0% | |
| Q3 2017 | -5.9% | -3.7% | -1.6% | |
| Q2 2017 | +3.2% | -1.1% | +3.0% | |
| Q1 2017 | +11.1% | +11.1% | +7.7% | |
| Q4 2016 | -3.3% | -1.5% | -9.3% | |
| Q3 2016 | -7.0% | -9.2% | -8.7% | |
| Q2 2016 | +3.5% | -1.0% | -3.3% | |
| Q1 2016 | -11.2% | — | — | |
| Q4 2015 | +8.1% | — | — | |
| Q3 2015 | +6.5% | — | — | |
| Q2 2015 | +4.0% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | +3.2% | — | — | |
| Q3 2014 | +3.9% | — | — | |
| Q2 2014 | +5.3% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +6.6% | — | — | |
| Q4 2012 | -7.1% | — | — | |
| Q3 2012 | -7.3% | — | — | |
| Q2 2012 | +6.9% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q1 2012 | +8.5% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q4 2011 | -1.5% | — | — | |
| Q4 2009 | -1.5% | — | — | |
| Q3 2010 | -7.4% | — | — | |
| Q3 2011 | -7.4% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q1 2010 | +5.1% | — | — |
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