Lithia Motors (LAD) Tops Q2 EPS by 3c

Lithia Motors (NYSE: LAD) reported Q2 EPS of $1.96, $0.03 better than the analyst estimate of $1.93. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.16 billion.

• Total same store sales increased 3.8%
• New vehicle same store sales increased 2.3%
• Used vehicle retail same store sales increased 10.2%

GUIDANCE:

Lithia Motors sees Q3 2016 EPS of $2.11-$2.15, versus the consensus of $2.17.

Lithia Motors sees FY2016 EPS of $7.50-$7.65, versus the consensus of $7.56.

For earnings history and earnings-related data on Lithia Motors (LAD) click here.

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