Lithia Motors Analysts Slash Their Forecasts Following Weak Results
Lithia Motors Inc. LAD reported downbeat sales for the first quarter on Wednesday.The company reported first-quarter FY25 sales growth of 7.2% year-on-year to 9.26 billion.New vehicle, same-store units grew by 3.6%. New vehicle retail revenues increased 9.1% Y/Y, and used vehicle retail revenues climbed 4.2%. Adjusted EPS of 7.69.“We achieved profitable growth year over year in each month this quarter as we gre ...