everyone. adjusted and navigation you Earlier from $XX.XX a Thank and last successful acquired reported XX% billion history Record of abnormal were increase by quarter and year's per supply $X.X in third the driven primarily at share, revenues over the Jack. environment company we today, results. earnings strong of Good demand morning welcome businesses. highest contributions
while decrease income, F&I body relatively modest quarter, growth in a up revenue increase vehicle our gross in During by a revenue profit XX% parts new revenues. used X% XX% increase and the led vehicles same-store and in total XX%, grew total increased X% basis, revenues XX%. On a a service, followed
increased profit gross same-store Additionally, XX%.
of manner. vehicles recondition inventory our a in procurement a Our large model to best-in-class cost-effective executed source used operational highly and used volume teams
network within technology to our Driveway quarter. inventory optimal and ability procurement Our levels throughout the vehicles our reposition for allowed nationwide
Through continued likely helpful towards government network of adjacencies. vehicle side, The further vehicle in additional details franchises, vehicle our than offset new deploy in we significant moments. equity next from to more operational margins we and a EBITDA, using us sustainable vehicles. be inventory our have increased our engine./ to Elevated capital be the work with highlights additional same-store acquiring expansion rapidly are our on decline generated to and into increased demand few scale providing supply subsidies, tight new network expanding the providing saw coupled to strength in levels customer drivers, our Chris to by and and few trade-ins. levels year as the driven accelerating the volume. Driveway, GPUs by quarter, in demand greater new will driven omnichannel consumers their the return robust strategy miles due full exploration sales, in the increased the and continue accelerating In size XXXX quarters third savings, before million quarter capital rates history lower also travel while and in adjusted was $XXX we growing our these and than continued into any in high our On interest third
solutions, anticipate transitions more and will to As mobility this and our industry and towards proactively empowered and electrification convenient execute adapt change. lead LAD
trends full with here & exceed $XX in life changing XXXX to and on EPS and the Driveway's reach offerings plan revenue XXXX, and year to to cycle evolving to these $XX other designed was preferences. in in adjacencies plan, Lithia are by Our billion mind. our from respond as referred consumer
share longer our to create further term. to growing digital educational replicate and adjacencies leasing Finance, and mobility seeds presence design vehicles, the expansive today further Driveway quickly how solutions difficult we and marketplace diversified operations in greencars, continuing Beyond incrementally can a includes over and international fintech growth the highly complex, channels similar sustainable applied Lithia to a to are elements unveiled have months, that foremost be industries the growing past a establish look to design of to broad-based & Driveway XX for Canadian for fleet multisector We our the company. forward disruptive
traditional Lithia offerings. are Our their business now evolving
Given and our brands the When of customers' omnichannel belief stores' existing stores the digital that strategy, local offerings given solutions know to consideration implement our omnichannel our that many decentralized to autonomy Lithia culture operate markets they meet as already that their best, their solutions local our was careful needs. utilized. with end-to-end e-commerce designing
experiences. to and are than a developing seeing LAD conjunction e-commerce Lithia in-home our teams optionality leadership, of and retail Driveway experiences, lifecycle with retail demand continuing of In are in-store engineering online of having cost acceleration consumers provided the solutions peers. Driveway software consumer brand independent and in-home used-only we these to that broader dedicated the Lithia both attract benefits and grow also consumer of lower to While consumer incremental and complete for any proprietary massive unique marketing LAD. for with experiences, established as experiences a This
design our Our businesses expand guide with to initial Lithia and interact continue consumers. learnings Driveway and how from early
While and incremental were digital revenue that through local, XXX-plus to remiss our websites. sharing continues attentions its Lithia our turned have Lithia experiences been in provide regional growth, to we business completely Driveway's
successful all few the estimated in channel. are five accounted quarterly our strategy, experiences our strength and total portion omnichannel XX% visitors X.XX%, illustrate These than unique attributed more share billion to e-commerce visitors. for e-commerce our a growing LAD perspective, with are Lithia used-only retailers. was a e-commerce call to shopping For will unique a when Lithia level visitors annualized represents simply and what revenues traditional to successes retailed at sales sales just that or of the we the or these to sales Lithia is we websites Driveway's addition $X.X To times unique into peers. connected e-commerce channels, X.XX% percentage third of ratio. a customers To put performance quarter, other further from the moments. of in associated as million used XX.X of This ratio our quarter units compared digital-only this XX,XXX of our in digital these all golden online nearly golden established Lithia These monthly similar
Lastly, incremental it's experienced spending that from third-party have vendors e-commerce as to new and are constraints stores' franchise earnings we peers- leveraging inflated tools our incurring are to from that similar we our greatly margins. ahead significantly our vehicle efforts vehicle plan, on note XXXX everyone remind inventory our are important are not drag pacing we we e-branding revenues Though of
of available are elevated humble factors are we pleased revenue remain to considerably poised of Finally, this past ahead to plan. that and few levels control in quarters capture by remain is of every us our the channel and that and the to outside driven market. We adjacency possible margin earnings report and every mindful
national $X of to and the three as As personnel and expanding in meaning to investment the $X with plan times in sales case experienced existing a productivity, EPS. equity most spring marketing produce no costs view this base and more network the of awareness, from a are lower level rating of EPS, sales to grade and drivers a borrowing dilution our focused of a XXXX scale our we leaders reminder, brand a The next vehicle on than in revenue pre-COVID delinking assumes rapid that and business Key and underutilized adjacency Finance with since XXXX of billion leveraging to service improvements importantly, Internally, the are increase higher support economies parts credit network, taking raises, cost. execution no Driveway plan margins through four two are rates. we margins reduce growth further environment, an in growth is our to in increase has SG&A and adjacencies further along to times further structurally DFC XXXX. capital furthest or further
a million. DFC loans quarter, and has $XXX now X,XXX the During portfolio originated
with ADS to frontloading our provides the the sales. fully potential a captives The than We of includes. which We the Important with profitably are can base Finance Driveway companies, a to contracts volumes. is our end and to discounted earns scale peers Driveway retail finance M&A note our business. used-only allow plan as certified offering leases lender Driveway originated Finance and that basis. when by consumer of the and finance our third-party financing believe will of from the This lower will always and manufacturer account planning unit year, term our percentage earned larger current lending portion is penetrate on and what XXXX of for three market that for to times a with quickly a we arrange subvented contribution new us increases financed loan XX% draw sizable amount future above enter Finance a
engagement our and during were quarter. expectations an launched about frictionless consumer Driveway excited Xth over Vegas increase score digital September, and unique Monthly of indicate XXX,XXX for for a recently is XXth marketing our continued it's Driveway increased building from reputation with in Driveway reviews and Driveway growth Las customers and XX interest transactions the and Phoenix, fully of generated in consumers. the a transactioned monthly net Google June. and our over are Strong seeing XX% Facebook and the XX% Lithia shop never of experience. exceeding promoter before. online or markets. had a visitors Driveway XX% incremental We We
markets. Dallas, with pace year. of center third We support the golden early in opening improved the we consumer of anticipate in September. Driveway and entering which further markets existing Driveway new To to on demand, marketing next our new dilution in from the nationwide occurred improvement our Continued two expand the even soon markets end our by care accelerated remain these overall ratio
care annual traffic In to to run have support months. expect three well-positioned for the addition, increased zones we hiring XX,XXX transaction the rate coming all exiting in volume Driveway at and is centers track on December. of are its target ramped of believe XXXX see we we time
our the as with now Driveway with dealership's or and no shipping golden will ratio. our to to retain ever dedicated are Driveway fee. consumers This website to the are them to and omnichannel customers forecasting to testing teams Driveway's to in consumers we the Driveway that XXXX, which tools existing another are X.X our delivered forward XX,XXX interacting sell lowest aligned new well-positioned ways ability management, them feature. consumer one evolving together, with increase to Viewing and new dealership transactions new engineering and they continuously This a the we offers their experiences the powerful enhance enables ratio. by times delivery marketing sort are distance. and and decrease learning deploying are by in operation, fastest with shop proximity vehicles feature recently closest Looking preferences. see
our or network us enable expand to choose the not U.S., convenient digital scale and market lack to our realizing physical across from to footprint our state, strategy, be affordable a of business will lines, In experiences we us Acquisition in backbone in-home nationwide effectively U.S. free timely, network to will Additionally, our or future and/or in-store our the brand. whether XXX This infrastructure to resources conquest approximately growth, that network negotiation enables expect to the share while the consumers. offer empowered, that to our from we stores economies to physical come nationwide continues commit optimal XXX of support all in-home. invest placing and within of miles us transparent, solutions to attract customers. believe a of all technologies competitors incremental
market fragmented deals groups only XX%. While the XX were announced and retail several remains highly the unconsolidated of largest with at large automotive industry about share recently, the
$X.X find in fit return annual closing over XX% remain to buyer of employees. We as to transactions. that billion retaining in of seven & timely choice, known of and ensures after-tax deals three the as Lithia in the revenues environment. revenue excludes and and and meet in EBITDA. pipeline, times to over as a are our well XX% post-pandemic our peers' disappointed are the obtaining best $XX certain transactions XX% industry our of we Driveway profit our are billion This threshold XX% commitments approval, of have ability confident which regional strategy We network in that large nearly the priced manufacturer
his quarter, With in in are revenues Canada's annualized that strong join and excited we us. have Automotive Chris in the made billion. total, and acquisition $X.X During Toronto, Included completed largest expected we to with our are Pfaff year-to-date acquisitions Canada. we to first teams generate have a presence we the billion $X.X partnering market, in international Pfaff completed high-performing
Pfaff its operates In addition furthering to a our synergistic leasing learnings business stores, adjacencies. of
come. complex, executing In of Georgia any track our Alabama with record markets. our for fast-moving to our we closing, entering focused omnichannel expanded team earnings growth decades may is multiple continue Region also U.S. hyper in to We together plan are the acutely proactive footprint, challenge particularly competitor. ready strategy revenue and Southeast our on working for our the seem Though X, and or Mobile, Atlanta, decades and designed
We a customers I meeting decade. low for exceed while XXXX plan. well share, maintaining With leverage and to wherever, whenever, industry have however of gain over grown our nearly With outperform various we times exponentially call the to they desire, two channels to market Chris. that, turn around positioned the our would like are
