Lithia Motors delivered record Q3 revenue of $9.7 billion and grew adjusted EPS by 17%, driven by strength in used vehicle retail and aftersales performance.
Achieved highest Q3 revenue in company history at $9.7 billion
Adjusted EPS rose 17% to $9.50
Net income slightly declined to $219 million
Used vehicle revenue and aftersales gross profit grew over 9% on a same-store basis
Lithia expects continued profitability from its omnichannel strategy, operational efficiency, and disciplined capital allocation.
Visualization of income flow from segment revenue to net income
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