Lithia Motors, Inc. (LAD) Q1 2025 Earnings Call Transcript


Lithia Motors, Inc. (NYSE:LAD) Q1 2025 Earnings Call April 23, 2025 10:00 AM ET

Company Participants

Jardon Jaramillo – Investor Relations
Bryan DeBoer – President and Chief Executive Officer
Adam Chamberlain – Chief Operating Officer
Tina Miller – Senior Vice President and Chief Financial Officer
Chuck Lietz – Senior Vice President, Driveway Finance

Conference Call Participants

Ryan Sigdahl – Craig-Hallum Group
John Murphy – Bank of America
Rajat Gupta – JPMorgan
Mark Jordan – Goldman Sachs
Jeff Lick – Stephens
Douglas Dutton – Evercore
Ron Jewsikow – Guggenheim
Daniela Haigian – Morgan Stanley
Bret Jordan – Jefferies
Colin Langan – Wells Fargo

Operator

Greetings, and welcome to the Lithia Motors First Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Jardon Jaramillo. Thank you. You may begin.

Jardon Jaramillo

Good morning. Thank you for joining us for our first quarter earnings call. With me today are Bryan DeBoer, President and CEO; Adam Chamberlain, Chief Operating Officer; Tina Miller, Senior Vice President and CFO; and finally, Chuck Lietz, Senior Vice President of Driveway Finance.

Today’s discussion may include statements about future events, financial projections and expectations about the company’s products, markets and growth. Such statements are forward-looking and subject to risks and uncertainties that could cause actual results to materially differ from the statements made. We disclose those risks and uncertainties we deem to be material in our filings with the Securities and Exchange Commission. We urge you to carefully consider these disclosures and not to place undue reliance on forward-looking statements. We undertake no duty to update any forward-looking statements, which are made as of the date of this release. Our results discussed today include references to non-GAAP financial measures. Please refer to the text of today’s press release for a



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