Lithia & Driveway Q3 Profit Rises to $291.1 Million as Revenue Grows 2.8%

Lithia & Driveway (LAD) reported third-quarter earnings of $291.1 million, or $13.22 per share, up from $217.1 million, or $8.61 per share, in the same period last year. Excluding certain items, the automotive retailer posted adjusted earnings of $227.5 million, or $10.34 per share. Revenue for the quarter rose 2.8% to $9.946 billion from $9.675 billion a year earlier, the company said.