Lithia (LAD) Q2 Earnings Exceed Expectations but Fall Y/Y
LADLithia Motors(LAD) ZACKS·2024-08-02 23:01

Lithia Motors (LAD) reported second-quarter 2024 adjusted earnings per share of 7.87,whichdeclinedfromtheprior−yearquarter’s7.87, which declined from the prior-year quarter’s 10.91 but surpassed the Zacks Consensus Estimate of 7.09.Higher−than−expectedrevenuesfromusedvehicleretail,service,bodyandparts,andfleetandotherssegmentsledtothebeat. Theautoretailerclockedrevenuesof7.09. 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 PerformanceNew vehicle retail revenues increased 9.7% ...