Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Lithia Motors's Pre-Tax Income for the
three
months ended in Mar. 2024 was $221 Mil. Lithia Motors's Revenue for the
three
months ended in Mar. 2024 was $8,556 Mil. Therefore, Lithia Motors's pretax margin for the quarter that ended in Mar. 2024 was 2.58%.
The historical rank and industry rank for Lithia Motors's Pretax Margin % or its related term are showing as below:
LAD'
s Pretax Margin % Range Over the Past 10 Years
Min: 2.85 Med: 3.68 Max: 6.5
Current: 3.89
LAD's Pretax Margin % is ranked worse than 53.5% of 1284
companies
in the Vehicles & Parts industry
Industry Median: 4.475
vs LAD: 3.89
Lithia Motors Pretax Margin % Historical Data
The historical data trend for Lithia Motors's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Lithia Motors's Pretax Margin %
For the Auto & Truck Dealerships subindustry, Lithia Motors's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lithia Motors's Pretax Margin % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Lithia Motors's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Lithia Motors's Pretax Margin % falls into.
Lithia Motors Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Lithia Motors's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Lithia Motors Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Lithia Motors's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lithia Motors (Lithia Motors) Business Description
Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.
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