Lithia (LAD) Q2 Earnings Exceed Expectations but Fall Y/Y
Lithia Motors(LAD) ZACKS·2024-08-02 23:01
Lithia Motors (LAD) reported second-quarter 2024 adjusted earnings per share of $7.87, which declined from the prior-year quarter's $10.91 but surpassed the Zacks Consensus Estimate of $7.09. Higher-than-expected revenues from used vehicle retail, service, body and parts, and fleet and others segments led to the beat. The auto retailer clocked revenues of $9.23 billion, up 14% year over year, and surpassed the Zacks Consensus Estimate by 0.31%. Segmental Performance New vehicle retail revenues increased 9.7 ...