Lithia & Driveway on April 23 reported the highest first quarter revenue in company history, and a 35% increase in diluted earnings per share compared to the same period in 2024.

First quarter 2025 revenue increased 7% to $9.2 billion from $8.6 billion in the first quarter of 2024.

First quarter 2025 diluted earnings per share attributable to LAD was $7.94, a 35% increase from $5.89 per share reported in the first quarter of 2024. First quarter 2025 adjusted diluted earnings per share attributable to LAD was $7.66, a 25% increase compared to $6.11 per share in the same period of 2024. Unrealized losses on our investment in Pinewood Technologies Group PLC decreased diluted earnings per share by $0.27.

First quarter 2025 net income was $211 million, a 28.0% increase compared to net income of $165 million in the same period of 2024. Adjusted first quarter 2025 net income was $204 million, a 20% increase compared to adjusted net income of $171 million for the same period of 2024.