Vehicle Retailers' Q4: Mixed Results, Used Cars Shine
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Vehicle retailer stocks ended Q4 on a low note, missing revenue estimates by 1.8%. Despite slowing sales in new vehicles, used cars and services held steady. Lithia Motors led with $9.2B in revenue, missing expectations by 0.6%. Penske Automotive reported flat $7.77B, beating estimates by 2.2%. CarMax outperformed with $5.79B, topping estimates by 3.3%. Americas Car-Mart struggled, posting a 12% drop and missing estimates by 13.4%. AutoNation reported $6.93B, off 3.9% and lagging estimates by 3.6%. Shares plummeted, with Lithia down 23.5% and Car-Mart cratering 33.1%. Despite challenges, used vehicles and aftersales offer resilience if margins stabilize.
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