Filing Flows › Lithia Motors (LAD) › Q1 2025
Lithia Motors (LAD) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Lithia Motors (LAD) reported revenue of $9.2B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +0.1% from the quarter before. Operating margin was 4.4%, net earnings $211M (2.3% of revenue).
Lithia Motors, Q1 2025: revenue $9.2B (+7% year over year), operating margin 4.4%, net earnings $211M, operating cash flow $322M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2B | +0.1% | +7% |
| Gross profit | $1.4B | +3% | +6% |
| Operating profit | $406M | -1% | +19% |
| Net earnings | $211M | -1% | +28% |
| Operating cash flow | $322M | +421% | +10% |
| Free cash flow | $253M | — | +19% |
What changed
Revenue was $9.2B in Q1 2025, up 7% year over year and roughly flat from the previous quarter. New vehicle retail was the largest line at 48% of revenue. New vehicle retail added $0.37B year over year (up 9%), 59% of the total change. Used vehicle wholesale declined 2%.
Gross margin was 15.4%, down 0.2 points from a year earlier. Operating profit was $0.41B, a 4.4% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 4% margin then. Operating expenses grew 1% against revenue growth of 7%. Net earnings were $0.21B, up 29% year over year. The effective tax rate was 25.8%.
Operating cash flow was $0.32B (up 10% year over year), 153% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.07B left free cash flow of $0.25B.
Questions
What was Lithia Motors' revenue in the first quarter 2025?
Lithia Motors (LAD) reported revenue of $9.2B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +0.1% from the quarter before.
Was Lithia Motors profitable in the first quarter 2025?
Operating profit was $406M (4.4% of revenue) and net earnings $211M.
Source: Lithia Motors 10-Q on SEC EDGAR.