Lithia & Driveway (LAD) Reports Strong, Diversified Preliminary Second Quarter 2025 Results
MEDFORD, Ore., July 15, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today reported preliminary financial results for the three months ended June 30, 2025. LAD expects second quarter 2025 net income per diluted share between $9.70 and $10.00, an increase of between 23% and 27%, respectively, compared to the second quarter of 2024, significantly outpacing the market and expectations for the quarter.
Key Preliminary Second Quarter 2025 Highlights:
Total revenues expected to be between $9.4 billion and $9.6 billion
Same store total revenue growth between 3.5% and 4.0%
Financing ops income between $15 million and $18 million, an increase of between 110% and 155% year-over-year
Other income related to equity investment mark-to-market adjustments up slightly year-over-year
Share repurchases of 1.5% of shares outstanding during the second quarter, and 3.0% year-to-date
These results reflect the combined strength across core operations and the advantages of LAD's differentiated design. Industry-defining operational excellence across all business lines translated into strong top and bottom-line performance, while the scalability of the ecosystem continues to demonstrate earnings growth and capital efficiency. LAD's integrated model, including DFC, Driveway and GreenCars, technology investments, and other adjacencies, is enabling momentum, market share, and constructively differentiated performance.
"The strength and durability of the LAD model is increasingly clear," said Bryan DeBoer, President and CEO. "This quarter's results follow a 35% year-over-year increase in earnings per share last quarter, compared to relatively flat results at auto retail peers, and demonstrate that the profitability of our strategy is accelerating. Our teams are increasing our core execution as we serve customers and unlock the tremendous potential of our ecosystem in 2025 and beyond."
The foregoing results are based on preliminary information and are subject to change following completion of our quarter-end review process and other developments arising between now and the time we finalize our financial results. In addition, these preliminary unaudited results are not comprehensive financial results for the quarter ended June 30, 2025, should not be viewed as a ...
