Lithia Motors(LAD) - 2024 Q1 - Earnings Call Transcript

Ryan Sigdahl Operator Rajat Gupta Bryan DeBoer Our next question comes from Ron Josey with Citi. Please proceed with your question. Bryan DeBoer Adjusting for these items, we ended the quarter with net leverage of approximately 2.25 times, comfortably below our target of 3x and our banking covenant requirement of 5.7 times. We continue to maintain our financial discipline even with planned growth and target leverage below 3 times. During the quarter, we generated free cash flows of $218 million. We define f ...