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What Lithia Motors (LAD) Said on Its Q3 Earnings Call
MarketBeat· 2026-10-22 02:04
Lithia Motors NYSE: LAD reported third-quarter revenue just below $10 billion and adjusted diluted earnings per share of $10.34, up 9% from a year earlier, as growth in used vehicles, aftersales and financing operations helped offset softer new-vehicle results. Chairman and Chief Executive Officer Bryan DeBoer said same-store revenue declined 1.4% against a comparison period in which revenue rose nearly 8%. Total vehicle gross profit per unit was $3,958, down $63 year over year. Lithia's used-vehicle gross ...