Lithia & Driveway reports Q4 EPS $9.05, consensus $10.10

Reports Q4 revenue $6.99B, consensus $7.07B. New and used unit growth was 5% and 9%, respectively. Total vehicle gross profit per unit of $5,691, down $1,191. "The Lithia & Driveway team had another great year with a solid finish in the final quarter of 2022 across all our businesses. Operational excellence is critical across our core in-store operations, growing omnichannel offerings and captive finance arm. We are nimbly adjusting to the environment and focused on achieving our 2025 Plan. Our balance sheet is well capitalized and we’re executing on the growth initiatives across our segments. With the significant capital engine we have built, we are well positioned for further consolidation in our sector," said Bryan DeBoer, Lithia & Driveway, president and CEO.