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November 2021
• | Online traffic up 33% over prior year |
• | Total revenues increased 15% |
• | Total same store sales increased 1% |
• | Adjusted SG&A as a percentage of gross profit was 69.6% |
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Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Lithia Motors Inc.
Lithia Motors Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
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Financing Activities Net cash provided by financing activities, adjusted for borrowing on floor plan facilities: non-trade was as follows: 35 35 Below are highlights of significant activity related to our cash flows from financing activities, excluding net borrowings on floor plan notes payable: non-trade, which are discussed above: Equity Transactions On February 25, 2016, our Board of Directors authorized the repurchase of up to $250 million of our Class A common stock.
Overall, increases in SG&A; expense were due primarily to growth through acquisitions, acquisition expenses, losses related to storm insurance reserve charges and increased allowance losses associated with auto loan receivables.
Third-party extended warranty and insurance contracts yield higher profit margins than vehicle sales and contribute significantly to our profitability.
Driving revenue growth and achieving earnings potential generates the free cash flow that allows us to invest in innovation, diversification and digital initiatives, thereby providing more ways to meet our consumers' personal transportation needs.
To create a seamless omni-channel retail experience and adapt to an evolving retail space we are focused on driving revenue growth, optimizing our network, unlocking earnings potential and generating cash flow for future investment in continued growth and innovation.
Certain important factors that could...Read more
Growth in our Luxury segment...Read more
The following tables detail the...Read more
Additionally, our effective income tax...Read more
We strive for continuous improvement...Read more
Forward-Looking Statements and Risk Factors...Read more
We expect to make expenditures...Read more
Our gross margins have increased...Read more
The following table summarizes our...Read more
Floor Plan Notes Payable We...Read more
However, because manufacturers provide this...Read more
Depreciation and Amortization Depreciation and...Read more
CPO vehicle revenues decreased 2.9%,...Read more
To better understand the impact...Read more
These increases were primarily due...Read more
We have the option to...Read more
The increase in operating margin...Read more
Our core vehicle category performance...Read more
Our effective income tax rate...Read more
Our acquisition strategy seeks underperforming...Read more
Strong performance also creates synergistic...Read more
The 50.1% increase in floor...Read more
The 61.1% increase in floor...Read more
36 36 Summary of Outstanding...Read more
This increase in revenue was...Read more
During the three and nine...Read more
SG&A; expense adjusted for non-core...Read more
We believe the increased number...Read more
The increase in our value...Read more
Our used vehicle operations provide...Read more
We believe improved performance from...Read more
The increases were driven by...Read more
These divestitures generated approximately $33...Read more
Available credit is based on...Read more
Our service, body, and parts...Read more
Same store measures demonstrate our...Read more
On a same store basis,...Read more
Additionally, we may request an...Read more
The largest contribution to our...Read more
Segment income attributable to Corporate...Read more
Import segment income increased 1.1%...Read more
NM - Not meaningful SG&A;...Read more
The variable interest rates on...Read more
Assuming we can obtain financing...Read more
If we do not meet...Read more
We believe that the fragmented...Read more
Borrowings from and repayments to...Read more
The increase in our core...Read more
Since September 30, 2017, we...Read more
We offer convenient personalized service...Read more
Same store gross profits grew...Read more
Floor Plan Interest Expense and...Read more
Used Vehicles Used vehicle retail...Read more
Same store finance and insurance...Read more
Same store service, body and...Read more
Floor plan assistance is provided...Read more
On a same store basis,...Read more
Credit Facility Effective June 25,...Read more
31 31 Non-GAAP Reconciliations We...Read more
The interest rate on the...Read more
Remaining funds are used for...Read more
Import A summary of financial...Read more
Luxury A summary of financial...Read more
Our recently acquired stores are...Read more
Used vehicle revenues increased 18.7%...Read more
The divestiture of these underperforming...Read more
NM - Not meaningful 22...Read more
The increases in finance and...Read more
The strong performances in our...Read more
Examples of forward-looking statements in...Read more
Our parts and service operations...Read more
We are able to subsequently...Read more
We strive for diversification in...Read more
In October 2018, we repurchased...Read more
As a result, same store...Read more
Upon completion of the projects,...Read more
20 20 Finance and Insurance...Read more
As of September 30, 2018,...Read more
These internal corporate expense allocations...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Lithia Motors Inc provided additional information to their SEC Filing as exhibits
Ticker: LAD
CIK: 1023128
Form Type: 10-Q Quarterly Report
Accession Number: 0001023128-18-000073
Submitted to the SEC: Fri Oct 26 2018 6:02:09 AM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: Retail Auto Dealers And Gasoline Stations