Lithia Motors (LAD) reported Q1 adjusted earnings Wednesday of $7.66 per diluted share, up from $6.11 a year earlier.
Analysts polled by FactSet expected $7.86.
Revenue for the quarter ended March 31 was $9.18 billion, compared with $8.56 billion a year earlier.
Analysts surveyed by FactSet expected $9.29 billion.
The company also approved a 4% increase in its dividend to $0.55 per share, payable May 23 to shareholders of record on May 9.