Despite revenue miss and same-store sales decline, Lithia's gross margin beat is viewed positively. However, the quarter's overall performance is deemed mediocre, with stock down 1.2%.
LAD's CEO is optimistic about the potential of the Lithia & Driveway ecosystem. The integration with Pendragon Vehicle Management and Pinewood is seen as establishing Lithia as a diversified, innovative, and scaled UK presence with significant advantages over peers.
The company's leadership expressed confidence in Chamberlain's ability to enhance customer experience and operational performance, citing his multi-decade career and proven track record in the automotive industry.
Camping World outperformed analysts' earnings estimates, while Lithia Motors and CarMax had mixed results. America's Car-Mart underperformed with increased credit losses.
Lithia Motors' low P/E ratio compared to its growth trend and market average indicates investor skepticism about the company's future growth potential. Unseen threats to earnings may be hindering the P/E ratio from aligning with the outlook.
Insider sell-offs and absence of insider purchases in the last year may indicate future weakness despite the recent stock increase. High insider ownership could align leaders' interests with shareholders.
While Lithia Motors Inc's ROE parallels the industry average, the high debt usage influences its performance assessment. High debt limits future options and escalates risks. Businesses with similar debt equity but higher ROE are preferable.
Core points 1. New vehicle retail sales rose 11% YoY and 15% QoQ in Q2 as supply chain constraints eased. 2. Listed new car dealerships are up more than 50% year-to-date, outperforming the S&P's 17% year-to-date rally. This jump may reflect better-than-expected car pricing, strategic actions (M&A, buybacks), and better macroeconomics. 3. New pricing decreased slightly q/q, and used pricing dropped significantly in J...
利西亞車行股票討論區
新增數據:2022後兩季度及全年,2023前兩季度
2022年營收增長23.5%,營業利潤增長13.8%,淨利潤增長18.7%。
2023前兩季度營收增長8.2%,營業利潤受毛利率下滑影響萎縮11.7%,淨利潤萎縮22.1%。
2022年資產負債率從58.2%提高到65%,2023Q2資產負債率進一步提高到67.2%。
2022年存貨增加了10.2億到34.1億,應收賬款增加1.3億到8.1億,而同期淨利潤僅有12.6億,和存貨加應收的增量差不多。2022Q2存貨進一步增加8.7億到42.8億,已經超過季度營收到達不健康的範圍,而同期淨利潤僅有3.01億,現金流進一步惡化。
商譽及其他無形資產從17.76億增加到33.17億,2023Q2進一步增加到36.26億,佔58.03億淨資產的62%。長期借款66.13億,已經超過淨資產,槓桿率很高。
2022年及2023前兩季度經營現金流出現大幅淨流出情況,而投資淨額依然是非常大的淨流出。
目前市盈率6.8,市盈率TT...
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1. New vehicle retail sales rose 11% YoY and 15% QoQ in Q2 as supply chain constraints eased.
2. Listed new car dealerships are up more than 50% year-to-date, outperforming the S&P's 17% year-to-date rally. This jump may reflect better-than-expected car pricing, strategic actions (M&A, buybacks), and better macroeconomics.
3. New pricing decreased slightly q/q, and used pricing dropped significantly in J...
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