In This Article:
Lithia Motors (NYSE:LAD) Full Year 2024 Results
Key Financial Results
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Revenue: US$36.2b (up 17% from FY 2023).
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Net income: US$802.0m (down 20% from FY 2023).
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Profit margin: 2.2% (down from 3.2% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: US$29.70 (down from US$36.39 in FY 2023).
LAD Sales Performance
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Like-for-like sales growth: Down 2.7% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lithia Motors EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 7.6% from a week ago.
Valuation
It's possible that Lithia Motors could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Discover what analysts are forecasting and how the current share price shapes up by clicking here.
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