Earnings Call Insights: Lithia Motors (LAD) Q1 2026 Management view "In the first quarter, we again achieved record revenues, reaching $9.3 billion and adjusted diluted EPS of $7.34" (CEO Bryan DeBoer). "Our same-store revenues were down 1.7% and total gross profit was down 2.3%" and "Total vehicle GPU was $3,928" (CEO Bryan DeBoer). "Used vehicle revenues grew 4.6% on a same-store basis, Aftersal...
Earnings Call Insights: Lithia Motors (LAD) Q1 2026 Management view "In the first quarter, we again achieved record revenues, reaching $9.3 billion and adjusted diluted EPS of $7.34" (CEO Bryan DeBoer). "Our same-store revenues were down 1.7% and total gross profit was down 2.3%" and "Total vehicle GPU was $3,928" (CEO Bryan DeBoer). "Used vehicle revenues grew 4.6% on a same-store basis, Aftersales growth grew 5.7% and F&I per unit held steady at $1,813" (CEO Bryan DeBoer). "Driveway Finance Corporation continued to scale profitably with financing operation income of $21 million for the quarter, up 71% year-over-year" and "a steadily growing portfolio now at $5 billion" (CEO Bryan DeBoer). "With our shares continuing to trade at a significant discount to our intrinsic value, we maintained our aggressive repurchase pace" and "total repurchases of $259 million" (CEO Bryan DeBoer). "Adjusted SG&A as a percentage of gross profit was 71.5% for the quarter compared to 68.2% a year ago" (CFO Tina Miller). "We originated a record $840 million of loans" and "North American penetration reached 18% for the quarter" (CFO Tina Miller). Outlook No formal quarterly or full-year EPS/revenue guidance was provided in this transcript; management reiterated longer-run targets including "clear runway for penetration growth towards our long-term 20-plus target" at DFC (CEO Bryan DeBoer) and "our conviction in the long-term target of $2 of EPS for $1 billion of revenue" (CEO DeBoer). On cost structure ambition, management said "we're going to continue to drive towards that mid- to high 50 percentile range in the long term" for SG&A (CEO Bryan DeBoer). On Pinewood AI timing, management described a U.S. deployment path: "piloting a couple of the stores on that DMS system here in the U.S. later this year" (CFO Tina Miller), and separately referenced a multi-year horizon: "you're expecting to complete that by the end of '28" (Analyst John Saager, Evercore ISI) and "We're basically doing a ro...
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT Dario Amodei, co-founder and chief executive officer of Anthropic, during the company's Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic has been chasing OpenAI since the launch of ChatGPT in late 2022. It appears to have finally caught up. The artificial intellig...
In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNT Dario Amodei, co-founder and chief executive officer of Anthropic, during the company's Builder Summit in Bengaluru, India, on Monday, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic has been chasing OpenAI since the launch of ChatGPT in late 2022. It appears to have finally caught up. The artificial intelligence startup, founded five years ago by former OpenAI execs, is in talks with investors to raise money at a $900 billion valuation, according to a person familiar with the matter. No term sheet has been signed and talks are ongoing, said the person who asked not to be named because the discussions are private. An Anthropic spokesperson declined to comment. Bloomberg was first to report on the potential financing. OpenAI was valued at $852 billion in late March after closing a record-breaking $122 billion funding round. Large contributions came from strategic investors, including up to $50 billion from Amazon , $30 billion from Nvidia and $30 billion from SoftBank. Anthropic, meanwhile, was valued at $380 billion as of February. As it's been racing to keep pace with OpenAI in recent years, Anthropic has become best known for developing a family of AI models called Claude. The company released its latest model, Claude Opus 4.7, earlier this month, which it described as its best generally available offering. But just days prior, Anthropic captivated Wall Street by unveiling Claude Mythos Preview , a model with advanced cybersecurity capabilities that's only available to a select group of companies. Mythos has sparked a number of high-profile meetings between members of the Trump administration , tech CEOs and bank executives in recent weeks, and the model is part of the reason Anthropic is seeking fresh capital. The company needs to be able to purchase the compute that it needs in order to run Mythos, said the source familiar with its plans. Compute has been top of mind for An...
King Charles III gathered leaders of some of the world’s biggest companies to encourage US-UK investment, as he swung through New York as part of a state visit aimed at shoring up ties between the two allies. Charles met senior executives from Bank of America Corp. , Blackstone Inc. , Comcast Corp. , Alphabet Inc. ’s Google, JPMorgan Chase & Co. , OpenAI and Tishman Speyer during a gathering at Ro...
King Charles III gathered leaders of some of the world’s biggest companies to encourage US-UK investment, as he swung through New York as part of a state visit aimed at shoring up ties between the two allies. Charles met senior executives from Bank of America Corp. , Blackstone Inc. , Comcast Corp. , Alphabet Inc. ’s Google, JPMorgan Chase & Co. , OpenAI and Tishman Speyer during a gathering at Rockefeller Center on Wednesday. Representatives from GSK Plc , Octopus Energy Group Ltd. and Rolls-Royce Plc also attended the event designed to showcase US-UK commercial ties across the creative, energy, healthcare, financial services and technology industries. The British monarch and his wife, Queen Camilla , focused on economic and cultural exchanges on the third day of a visit timed to mark the 250th anniversary of America’s independence. Earlier, Charles was joined by New York City Mayor Zohran Mamdani and former Mayor Michael Bloomberg while paying his respects at the memorial to the Sept. 11 attacks. The trip to America’s financial capital follows a day of pageantry in Washington, DC, which saw Charles meet President Donald Trump at the White House and address a joint session of Congress. He attended a state banquet alongside Amazon.com Inc. founder Jeff Bezos , Apple Inc.’s Tim Cook , Nvidia Corp.’s Jensen Huang , venture capitalist Marc Andreessen and Blackstone Inc. ’s Steve Schwarzman . Trump on Wednesday, however, reiterated his complaints about UK Prime Minister Keir Starmer’s refusal to commit resources to the US-led conflict with Iran, even as he heaped praise on Charles. Still, the president acknowledged that “when you like the king of a country so much, it probably helps your relationship with the prime minister.” Earlier: King Charles Urges US to Reject Isolationism in Speech In an usually pointed speech to Congress on Tuesday, Charles urged US lawmakers to reject isolationism and maintain America’s leadership in the world. He said that ideals the two count...