NYSE$LAD
Lithia Motors Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Lithia Motors reported record revenue and EPS, driven by strong performance across business lines and strategic acquisitions.
Lithia & Driveway (LAD) reported an 18% increase in revenue to $7.3 billion for Q3 2022, with diluted EPS of $11.92, an 18% increase year-over-year. The company also announced a dividend of $0.42 per share for the third quarter.
- Revenues increased by 18.2%.
- Gross profit increased by 10.5%.
- Vehicle gross profit per unit was $6,139, a decrease of $36.
- Driveway transactions increased by 327%.
Headline financials
Revenue & EPS history
Lithia Motors · Revenue · Quarterly
$7.3B
Revenue by segment
Lithia Motors · $6.82B total across 4 segments · Q3 2022
- New Vehicle Retail$3.31B+14.1%48.5%
- Used Vehicle Retail$2.47B+18.6%36.2%
- Aftersales$712M+23.2%10.4%
- Finance & Insurance$333M+12.2%4.9%
Forward guidance
Lithia & Driveway is focused on improving operating leverage as fundamentals normalize across the industry and is well-positioned with financial flexibility and liquidity to continue delivering growth with strong returns as they progress toward achieving their 2025 plan.
Tailwinds
- Strong results across all business lines.
- Navigating the current environment effectively.
- Integrating a steady stream of acquisitions.
- Continuing to grow Driveway and Driveway Finance.
- Financial flexibility and liquidity to continue delivering growth.
Headwinds
- Foreign currency exchange negatively impacted earnings per share by $0.54.
- Adjusted third quarter 2022 net income was $307 million, a 10% decrease compared to adjusted net income of $342 million for the same period of 2021.
- Vehicle gross profit per unit of $6,139, down $36.
- Adjusted SG&A as a percentage of gross profit was 59.6%.
- Shares outstanding reduced by 10%.
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 Q3 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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