Lithia Motors reports record Q1 revenue of $8.6B; EPS down 29% to $5.89

LITHIA MOTORS INC

2024-Q1 EPS reported $5.89 revenue$8,561,800,000

Revenue rose 23% YoY to $8.6B; GAAP diluted EPS fell 29% to $5.89, adjusted EPS $6.11.
Net income of $165M (GAAP) and $171M (adjusted), down 28% and 27% respectively.
Dividend of $0.53 per share declared, payable May 24, 2024 to record holders May 10.
Year-to-date acquisitions total $5.4B in annualized revenues; repurchased ~58K shares at avg $264.42.
Service, body, parts revenue up 24%; DFC originated $493M in loans; GreenCars MUVs up 71%.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LITHIA MOTORS INC reported first quarter of 2024 results: revenue $8.6 billion, net income $165 million, EPS $5.89.

Period: first quarter of 2024
Revenue: $8.6 billion
Net income: $165 million
EPS: $5.89
Result: reported results

Exact text from the filing

Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase

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Source: SEC EDGAR

accession 0001023128-24-000047

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