Lithia Motors Q1 Earnings Beat Estimates

Lithia Motors reported Q1 adjusted earnings of $7.34 per share, surpassing the $6.88 consensus by $0.46.
Revenue reached $9.27 billion, up 1% YoY and slightly above the $9.24 billion estimate; adjusted net income fell 18% to $173.3 million.
Aftersales revenue grew 3.8% same‑store, gross profit rose 5.7%, margin expanded 100 bps to 58.7%; used‑car GPU increased 9% to $1,688.
Company repurchased $259 million of shares (4% of float), held $1.4 billion in cash, declared a $0.57 dividend, and expects acquisitions to add $425 million of annual revenue.