Welcome to our dedicated page for Lithia Mtrs news (Ticker: LAD), a resource for investors and traders seeking the latest updates and insights on Lithia Mtrs stock.
Lithia Motors Inc (LAD) operates one of North America's largest automotive retail networks, combining vehicle sales, financing solutions, and service operations across 300+ locations. This page serves as the definitive source for verified corporate developments, providing stakeholders with timely access to earnings announcements, strategic acquisitions, and operational updates.
Investors and industry observers will find curated press releases detailing dealership expansions, financial performance metrics, and leadership initiatives. Our aggregation includes official statements on service network growth, technology implementations, and partnership formations within the automotive ecosystem.
All content undergoes rigorous verification to ensure alignment with SEC compliance standards and corporate disclosure best practices. Bookmark this resource for efficient tracking of LAD's market positioning, inventory strategy developments, and customer experience enhancements across its omnichannel platform.
Lithia & Driveway (LAD) reported record first quarter 2025 results with revenue increasing 7% to $9.2 billion from $8.6 billion in Q1 2024. The company achieved a 35% increase in diluted earnings per share to $7.94, while adjusted diluted EPS rose 25% to $7.66.
Net income grew 28% to $211 million, with adjusted net income up 20% to $204 million. Key highlights include a 3.6% increase in new retail units on a same-store basis, improved used retail performance, and 7.5% growth in aftersales gross profit. Driveway Finance originated $623 million in loans.
LAD expanded its network with two Subaru store acquisitions in Virginia and California, adding $180 million in expected annualized revenue. The company increased its quarterly dividend by 4% to $0.55 per share and repurchased approximately 403,000 shares at an average price of $326.
Lithia & Driveway (NYSE: LAD) announced that Executive Vice President and Chief Operating Officer Adam Chamberlain will transition from his role effective June 1, 2025 to become CEO of Mercedes-Benz USA. CEO Bryan DeBoer acknowledged Chamberlain's contributions in strengthening operations, driving growth, and advancing company strategy.
Following this transition, LAD's Regional Presidents and Regional Vice Presidents will report directly to CEO Bryan DeBoer. The company emphasized its 'Growth Powered by People' mission and expressed confidence in its operational leadership team to maintain high velocity and continue executing company strategy.
Lithia & Driveway (LAD) has announced the schedule for its first quarter 2025 financial results release. The earnings report will be published before market opening on Wednesday, April 23, 2025, followed by a conference call at 10:00 a.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can participate in the conference call by dialing (877) 407-8029. Additionally, a live webcast and replay of the earnings call will be available on the company's investor relations website at investors.lithiadriveway.com under the quarterly earnings section.
Lithia & Driveway (LAD) has announced two significant developments: a strategic acquisition and an increase in share repurchase authorization. The company acquired Elk Grove Subaru in California, expanding its Sacramento presence and Southwest regional network. This acquisition is expected to add $100 million in annual revenue, bringing LAD's total year-to-date acquired annualized revenue to $180 million.
Additionally, LAD's Board of Directors approved a $350 million increase to its share repurchase authorization, resulting in approximately $748 million available for future repurchases. The company has already invested $71 million this year to repurchase over 197,500 shares at a weighted average price of $361 per share, representing 0.75% of outstanding shares.
Lithia & Driveway (LAD) reported record fourth quarter 2024 revenue of $9.2 billion, a 20% increase from $7.7 billion in Q4 2023. The company achieved diluted earnings per share of $8.12, up 5% year-over-year, while Q4 net income remained flat at $217 million.
Notable achievements include a 7.4% increase in new retail units on a same-store basis, and Driveway Finance originating $501 million in loans with a portfolio of $3.9 billion in average managed receivables. The company marked its first profitable year for Financing Operations with income of $15.4 million, compared to a loss of $45.9 million in 2023.
Full-year 2024 revenue increased 17% to $36.2 billion, though net income decreased 20% to $0.8 billion. The Board approved a dividend of $0.53 per share for Q4 2024. During 2024, LAD repurchased approximately 1,230,000 shares at an average price of $283.
Lithia & Driveway (LAD) has announced the acquisition of Stohlman Subaru in Sterling, Virginia, expanding its presence in the Mid-Atlantic Region. The acquisition is expected to generate $80 million in annualized revenue and was financed using existing on-balance sheet capacity.
Additionally, since the end of the third quarter, LAD has deployed $107 million to repurchase shares at an average price of $372. The company still has approximately $454 million available under its current share repurchase authorization.
Lithia & Driveway (NYSE: LAD) has announced the schedule for its fourth quarter 2024 earnings release. The company will publish its financial results before market opening on Wednesday, February 12, 2025. Following the release, LAD will host a conference call at 10:00 a.m. Eastern Time to discuss the earnings results. Investors and interested parties can participate in the conference call by dialing (877) 407-8029 or access the live webcast and replay through the investor relations section of the company's website at investors.lithiadriveway.com.
Lithia & Driveway (LAD) has sold North Branch Chevrolet in Minnesota to Tyler Kadlec of Tom Kadlec Automotive, with Performance Brokerage Services acting as the exclusive sell-side advisor. The dealership will be renamed Tom Kadlec Chevrolet and will remain at its current location in North Branch, Minnesota. Tom Kadlec Automotive, a family-owned business operating since 1979 in Rochester, Minnesota, is expanding its footprint through this acquisition.
The transaction represents another successful deal for Performance Brokerage Services, which has advised on over 300 dealership sales in the last 5 years. Lithia & Driveway, currently ranked #1 on the 2024 Automotive News Top 150 Dealership Groups based on 2023 new vehicle retail sales units, continues to optimize its dealership portfolio through strategic divestitures.
Lithia & Driveway (LAD) has sold Carson Nissan in Carson, California to David Massoudi of Mass Auto Group, with Performance Brokerage Services acting as the exclusive sell-side advisor. This marks Performance Brokerage Services' second transaction with Mass Auto Group in 2024 and their second dealership sale for LAD this year. The dealership will maintain its location at 1505 East 223rd Street in Carson.
Mass Auto Group currently operates six dealerships across Southern California, representing Nissan, Chrysler, Dodge, Jeep, and RAM brands. This transaction represents Performance Brokerage Services' 30th successful deal with LAD, highlighting their strong business relationship.
Lithia & Driveway (LAD) reported record third quarter revenue of $9.2 billion, an 11% increase from $8.3 billion in Q3 2023. However, net income decreased 16% to $223 million, with diluted earnings per share falling 18% to $7.80. The company expanded its network by acquiring three stores in Florida and announced a quarterly dividend of $0.53 per share. Driveway Finance remained profitable, originating $518 million in loans with a total portfolio of $3.8 billion. LAD ended Q3 with approximately $1.1 billion in cash and equivalents, and repurchased about 986,000 shares at an average price of $260.
