Lithia & Driveway Reports Impressive Q4 Growth with Profitable Finance Operations
February 12, 2025 - 11:40
Lithia & Driveway has announced a remarkable achievement in its fourth-quarter earnings report, showcasing a 20% revenue growth that reached an impressive $9.2 billion. This significant increase is attributed to robust new vehicle sales, which saw a rise of 7.4%.
In a notable milestone for the company, its Finance Operations division has posted its first-ever profit, amounting to $15.4 million. This achievement marks a turning point for the finance unit, which has been a focus of growth and development in recent years.
The combination of increased vehicle sales and a profitable finance segment underscores Lithia & Driveway's strategic initiatives and resilience in a competitive market. The company continues to adapt to changing consumer demands and market conditions, positioning itself for sustained success in the automotive industry. As it moves forward, stakeholders are optimistic about the potential for further growth and profitability in the upcoming quarters.
MORE NEWS
June 25, 2025 - 05:06
Prudential Financial's PGIM Unifies Credit Units into a $1 Trillion PlatformIn a strategic move to bolster its position in the financial market, PGIM, a subsidiary of Prudential Financial, has announced the merger of its credit units to create a formidable $1 trillion...
June 24, 2025 - 03:10
From Waukee High School to Wall Street: The Inspiring Journey of Sheldon FoxSheldon Fox`s journey from Waukee High School to a successful career in finance in New York City highlights the power of hands-on learning and real-world experience. A decade ago, he was just an...
June 23, 2025 - 02:39
Today's HELOC Rates See a Notable DecreaseHome equity line of credit (HELOC) rates have dropped further, now standing at an appealing 6.68%. This decline presents an attractive opportunity for homeowners, especially those with low primary...
June 22, 2025 - 04:42
The Rising Threat of AI-Enhanced Cyber Scams in Personal FinanceAmericans faced staggering losses of $12.5 billion due to fraud last year, as reported by the Federal Trade Commission. This alarming figure highlights the growing sophistication of cyber scams,...