NYSE$LAD

Lithia Motors Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Lithia & Driveway reported record Q4 2021 performance with revenue increasing by 60% and EPS by 36%.

Lithia & Driveway (LAD) reported a strong fourth quarter in 2021, with a 60% increase in revenue to $6.3 billion and a 36% increase in net income per diluted share to $9.57. Adjusted net income per diluted share increased by 109% to $11.39. The company also announced a dividend of $0.35 per share for the fourth quarter.

  • Revenue increased by 60.1% compared to the fourth quarter of 2020.
  • New vehicle retail revenues increased by 37.7%.
  • Used vehicle retail revenues increased by 82.1%.
  • F&I per unit increased 23.3% to $2,125.

Headline financials

Total Revenue

$6.31B

Previous: $3.94B+60.1%
EPS (adj)

$11.39

Previous: $5.46+108.6%
New Vehicle Avg Price

$45.7K

No prior period
Used Vehicle Avg Price

$28.9K

No prior period
New Vehicle Avg Gross Profit

$6.15K

No prior period
Used Vehicle Avg Gross Profit

$3.22K

No prior period
F&I Avg Gross Profit

$2.13K

Previous: $1.72K+23.3%
Total Vehicle Avg Gross Profit

$6.88K

Previous: $4.37K+57.4%
Capital Expenditures

$66.3M

Previous: $42.2M+57.1%
Free Cash Flow

-$258M

Previous: -$301M+14.1%
Net Income

$293M

Previous: $188M+55.6%
Operating Income

$504M

Previous: $235M+114.4%
Gross Profit

$1.24B

Previous: $649M+91.7%
Cash & Equivalents

$175M

Previous: $160M+9.1%
Total Assets

$11.1B

Previous: $7.9B+41.1%
Stock-Based Comp

$9.1M

Previous: $6M+51.7%

Revenue & EPS history

Lithia Motors · Revenue · Quarterly

$6.31B

Q4 2021+60.1%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Lithia Motors · $5.87B total across 4 segments · Q4 2021

  • New Vehicle Retail
    $2.96B+37.7%
  • Used Vehicle Retail
    $2.02B+82.1%
  • Aftersales
    $608M+58.3%
  • Finance & Insurance
    $286M+65.9%

Forward guidance

This section was not included in the earnings report.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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