Automotive retailer Lithia & Driveway says Q1 2024 revenue $8.6 billion, up 23% YOY

News
Financial results

The company’s net income for the first quarter was $165 million, a 28% decrease compared to net income of $230 million in the same period of 2023

Lithia & Driveway (LAD), an automotive retailer in North America that also provides a suite of financing, leasing, repair and maintenance options, announced that its first quarter 2024 revenue increased 23% to $8.6 billion from $7.0 billion in the first quarter of 2023, according to a press release dated April 24.

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