Lithia & Driveway reports preliminary Q2 revenue below estimates
Investing.com | Editor Senad Karaahmetovic
Published Jul 15, 2025 05:55AM ET
Investing.com -- Lithia & Driveway announced preliminary second quarter revenue between $9.4 billion and $9.6 billion, falling short of the $9.61 billion average analyst estimate compiled by Bloomberg.
Despite the revenue miss, the auto retailer reported strong preliminary earnings per share of $9.70 to $10.00 for the quarter, representing an increase of up to 27% compared to the same period last year. This earnings growth outpaced both market performance and analyst expectations.
The company achieved preliminary same-store total revenue growth between 3.5% and 4.0% during the second quarter.
Lithia & Driveway also actively returned value to shareholders, repurchasing 1.5% of its outstanding shares during the three-month period.
The company attributed its quarterly performance to "the combined strength across core operations and the advantages of LAD's differentiated design."
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