Lithia Motors & Driveway (LAD) Q1 EPS at $6.11 missed analyst estimate by $1.80, while revenue exceeded consensus at $8.6B.
Lithia Motors & Driveway (LAD) reported Q1 EPS of $6.11, missing the analyst estimate of $7.91 by $1.80. Revenue for the quarter was $8.6 billion, exceeding the consensus estimate of $8.58 billion. Seaport Res Ptn analyst G. Chin lowered the Q1 2024 EPS estimate to $7.60 from $8.23. The company's Q1 2023 revenue was $7.67 billion, up 10.5% from the previous year, with a net margin of 3.22% and return on equity of 17.33%.
April 24, 2024
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