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Lithia (LAD) Q1 Earnings Miss Expectations, Dividend Hiked
LADLithia Motors(LAD) Zacks Investment Research·2024-04-26 16:31

Lithia Motors (LAD) reported first-quarter 2024 adjusted earnings per share (EPS) of 6.11,whichdeclinedfromtheprior−yearquarter’s6.11, which declined from the prior-year quarter’s 8.44 and missed the Zacks Consensus Estimate of 7.85.Totalrevenuesjumped237.85.Total revenues jumped 23% year over year to 8.56 billion. The top line outpaced the Zacks Consensus Estimate of 8.5billion.SegmentalPerformanceNewvehicleretailrevenuesincreased22.48.5 billion.Segmental PerformanceNew vehicle retail revenues increased 22.4% year over year to 4 billion, missing our estimate of $4.3 billion due to a lower-than-expected number of units sold and average ...