Lithia & Driveway Reports Record Revenue and Exceeds Expectations
Lithia & Driveway (LAD) reported Q1 revenue of $9.3 billion, a 1.1% year-over-year increase, surpassing expectations by $80 million. The company also exceeded earnings per share estimates with a Non-GAAP EPS of $7.34. Used vehicle revenue and used retail GPU sales both saw significant growth in the quarter.
Tickers: $LAD
Topics: Earnings Beat Retail GPU Sales Revenue Growth Used Vehicle Sales