Lithia Motors ( (LAD) ) has released its Q1 earnings. Here is a breakdown of the information Lithia Motors presented to its investors.
Lithia & Driveway (LAD) is a leading global automotive retailer offering a comprehensive range of products and services throughout the vehicle ownership lifecycle, known for its extensive network and innovative solutions in the automotive industry.
Lithia Motors reported a record-breaking first quarter with revenues reaching $9.2 billion, marking a 7% increase from the previous year, alongside a notable 35% rise in diluted earnings per share.
Key financial highlights include a 28% increase in net income to $211 million and a 25% rise in adjusted diluted earnings per share. The company also expanded its network with acquisitions in Virginia and California, adding $180 million in expected annualized revenues. Additionally, Lithia Motors announced a 4% increase in its quarterly dividend and repurchased 1.7% of its outstanding shares.
The company attributes its strong performance to its integrated ecosystem and strategic execution, which have enabled profitable growth and market share expansion. Lithia Motors continues to focus on delivering high-quality experiences and operational efficiencies across its diverse business model.
Looking ahead, Lithia Motors remains committed to its growth strategy, leveraging its agile business model to navigate the dynamic market and continue delivering consistent results throughout 2025 and beyond.