Lithia Motors (LAD) Tops Q3 EPS by 1c

Lithia Motors (NYSE: LAD) reported Q3 EPS of $1.32, $0.01 better than the analyst estimate of $1.31. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.3 billion.

Third Quarter-over-Quarter Operating Highlights:

• Total same store sales increased 12%
• New vehicle same store sales increased 11%
• Used vehicle retail same store sales increased 13%
• Service, body and parts same store sales increased 13%
• Same store F&I per unit increased $97 to $1,202
• Adjusted SG&A expense as a percentage of gross profit was 66.1%

*** The company sees Q4 EPS of $1.17 - $1.19 and FY14 EPS of $4.86 - $4.88, with consensus views at Q4 EPS of $1.20 and FY14 EPS of $4.88.

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

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