Lithia & Driveway 4Q Revenue Beats Street Views - Update

Dow Jones

Feb 12, 2025

By Denny Jacob

Lithia & Driveway said its quarterly revenue grew by a fifth, beating market forecasts, and touted its first profitable year for the auto retailer's financing operations, sending shares higher.

The Medford, Ore., company Wednesday posted net income of $216.2 million, or $8.12 a share, up from $213.4 million, or $7.74 a share, a year earlier.

Stripping out certain one-time items, earnings came in at $7.79 a share, ahead of the average forecast for $7.17 a share from analysts polled by Factset. Insurance proceeds from a business-interruption claim, partially offset by foreign-exchange losses, boosted earnings per share by 17 cents.

Revenue rose 20.2% to $9.22 billion, the highest in the company's history, also beating the $9.08 billion expected by analysts.

Lithia said 2024 was the first profitable year for its Driveway Finance business. The company in January of this year expanded its Mid-Atlantic network with the purchase of a Subaru store in Virginia, which will add an expected $80 million of annual revenue.

Shares rose 7% to $394.80 in premarket trading.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 12, 2025 08:02 ET (13:02 GMT)

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The company in January of this year expanded its Mid-Atlantic network with the purchase of a Subaru store in Virginia, which will add an expected $80 million of annual revenue. \n</p>\n<p>\n  Shares rose 7% to $394.80 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2025 08:02 ET (13:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LAD","symbol_name":"利西亚车行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510637962","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510637962","pubTimestamp":1739365320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lithia & Driveway said its quarterly revenue grew by a fifth, beating market forecasts, and touted its first profitable year for the auto retailer's financing operations, sending shares higher.The Medford, Ore., company Wednesday posted net income of $216.2 million, or $8.12 a share, up from $213.4 million, or $7.74 a share, a year earlier.Stripping out certain one-time items, earnings came in at $7.79 a share, ahead of the average forecast for $7.17 a share from analysts polled by Factset. 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The company in January of this year expanded its Mid-Atlantic network with the purchase of a Subaru store in Virginia, which will add an expected $80 millio","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LAD":"利西亚车行"},"translate_title":"Lithia&Driveway第四季度收入超过街景–更新","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAD":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  Lithia & Driveway said its quarterly revenue grew by a fifth, beating market forecasts, and touted its first profitable year for the auto retailer's financing operations, sending shares higher. \n\n\n  The Medford, Ore., company Wednesday posted net income of $216.2 million, or $8.12 a share, up from $213.4 million, or $7.74 a share, a year earlier. \n\n\n  Stripping out certain one-time items, earnings came in at $7.79 a share, ahead of the average forecast for $7.17 a share from analysts polled by Factset. 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The company in January of this year expanded its Mid-Atlantic network with the purchase of a Subaru store in Virginia, which will add an expected $80 million of annual revenue. \n\n\n  Shares rose 7% to $394.80 in premarket trading. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2025 08:02 ET (13:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}