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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.