Lithia & Driveway reports Q2 EPS $10.91, consensus $9.26

Reports Q2 revenue $8.11B, consensus $7.92B. New and used unit growth was 22% and (1)% , respectively Total vehicle gross profit per unit of $5,710 was down $853. “Our second quarter performance was strong across all our business lines and our teams demonstrated strong operating discipline as we continue to build out our adjacencies with consumer optionality and provide products and services fitting all affordability levels,” said Bryan DeBoer, Lithia & Driveway, President and CEO. “Our commitment to improving our operating results through a relentless focus on high performance is demonstrated in our results, allowing us to continue acquiring stores domestically and abroad. We see DFC and our omnichannel footprint enhancing our offering and driving us towards our targets in the 2025 Plan and beyond. We are well capitalized and our free cash flow generation gives us flexibility to deliver on our strategy.”