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Lithia Q3 Earnings Beat Expectations, Revenues Rise Y/Y
LADLithia Motors(LAD) ZACKS·2024-10-25 15:51

Lithia Motors (LAD) reported third-quarter 2024 adjusted earnings per share of 8.21,whichdeclinedfromtheprior−yearquarter′s8.21, which declined from the prior-year quarter's 9.25 but surpassed the Zacks Consensus Estimate of 7.59.Higher−than−expectedrevenuesfromusedvehiclewholesaleandaftersalessegmentsledtothebeat.Theautoretailerclockedrevenuesof7.59. Higher-than-expected revenues from used vehicle wholesale and aftersales segments led to the beat. The auto retailer clocked revenues of 9.2 billion, which increased 11.4% year over year but missed the Zacks Consensus Estimate of $9.4 billion. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. Seg ...