Lithia & Driveway reports Q4 EPS $7.74, consensus $8.24

Reports Q4 revenue $7.67B, consensus $7.95B. Reports new vehicle same store units grew by 9.6 %. Reports total vehicle gross profit per unit of $4,973, down $717. “2023 completes another successful year of tremendous growth and building strategic diversification. My team and I are excited to turn our efforts to even higher levels of execution in 2024, as we now have all the key components of our long-term growth strategy in place,” said Bryan DeBoer, president and CEO. “Our financial position, combined with the diversity and reach of our network and complementary adjacencies, positions us to continue to positively drive results and return capital to our shareholders, providing a distinctive growth strategy.”