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Benzinga
Benzinga
Business
Triveni Kothapalli

Lithia Motors Hits Record Revenue As Omnichannel Push Pays Off

Lithia Motors LAD
Stuttgart,,Germany,-,04-13-2024:,Person,Holding,Cellphone,With,Logo,Of

Lithia Motors, Inc. (NYSE:LAD) delivered better-than-expected third-quarter results on Wednesday before the market opened, topping Wall Street estimates on both earnings and revenue.

The company posted adjusted earnings of $9.50 per share, up 17% from $8.14 a year ago and ahead of the $8.52 consensus estimate.

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