LAD - Why Is Lithia Motors Stock Sliding Today? | Benzinga
Lithia Motors, Inc. (NYSE:LAD) reported first-quarter FY24 sales growth of 23% year-on-year to $8.56 billion, beating the analyst consensus estimate of $8.54 billion.
New vehicle same store units grew by 3.6 %. New vehicle retail revenues increased 22.4% Y/Y, and used vehicle retail revenues jumped 25.7%.
GreenCars monthly unique visitors (MUVs) increased by 71%, and Driveway Finance Corporation (DFC) originated approximately $493 million in loans.
Total vehicle gross profit per unit was $4,346. Gross profit ...