09:14 AM EDT, 04/24/2024 (MT Newswires) -- Lithia Motors ( LAD ) reported Q1 adjusted earnings Wednesday of $6.11 per diluted share, down from $8.44 a year earlier.

Analysts surveyed by Capital IQ expected $7.88.

Revenue for the quarter ended March 31 was $8.56 billion, compared with $6.97 billion a year earlier. Analysts surveyed by Capital IQ expected $8.56 billion.

Shares of Lithia Motors ( LAD ) were down more than 3% in recent premarket activity.

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