Lithia Motors, Inc. (LAD) exceeded analysts’ expectations for third-quarter earnings, driven by strong performance in its retail and aftersales segments. The company also expanded its presence in the Southeast through strategic acquisitions, boosting its annualized revenue from acquisitions to over $5.9 billion. Despite missing revenue expectations, Lithia’s solid earnings and expansionary moves have fueled a positive market reaction, sending its shares up in premarket trading.
