Lithia & Driveway 4Q Profit, Revenue Increase

Dow Jones
02-12
 

By Denny Jacob

 

Lithia & Driveway logged an increase to its top- and bottom-line in the fourth quarter.

The automotive retailer logged net income of $216.2 million, or $8.12 a share, compared to $213.4 million, or $7.74 a share, a year earlier.

Stripping out certain one-time items, earnings came in at $7.79 a share. Analysts polled by FactSet expected $7.17 a share.

Revenue rose to $9.22 billion from $7.67 billion. Analysts polled by FactSet expected $9.08 billion.

Lithia said its fourth-quarter revenue was the highest in its company history.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

February 12, 2025 06:21 ET (11:21 GMT)

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