LAD - Lithia Motors trades lower despite highest Q4 revenue EPS in company history

Lithia Motors ([[LAD]] -3.2%) reports total same-store sales increased 2.7% in Q4.Same-store sales breakdown: New vehicle retail: +0.4%; Used vehicle retail: +8.5%; Finance and insurance: +3.9%; Service, body and parts: -2.8%.Revenue breakdown: New vehicle retail: $2.15B (+19%); Used vehicle retail: $1.11M (+23.9%); Used vehicle wholesale: $91.8M (+35.6%); Finance and insurance: $172.6 (+26.9%); Service, body and parts: $383.9M (+15.7%); Fleet and other: $35.4M (+7.3%).Gross margin rate improved 120 bps to 16.5%; Adj. SG&A expense rate -60 bps to 10.2%; Adj. operating margin rate +180 bps 5.6%.Total retail units sold increased 12.4% Y/Y to 100,200 units; Total vehicle gross profit/unit increased 18.0% to $4,371.The Board approved a dividend of $0.31/share expected to pay on March 26, 2021."The high performance being achieved at our existing stores, coupled with the acquisitions in 2020 anticipated to generate over $3.5B in annualized steady state revenue and the successful launch of our national e-commerce home solution Driveway, gives us increased confidence in our 5-year plan

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Lithia Motors trades lower despite highest Q4 revenue, EPS in company history