Lithia & Driveway's second quarter results took a hit from the CDK Global software outage. While the company reported its second highest quarterly revenue in company history, net income fell 28% compared to the same quarter in 2023 to $216.6 million. Revenue increased 14% to $9.2 billion.

The group faced other headwinds, as well.

“Free cash flows were impacted by declining EBITDA due to ...

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