Lithia Motors (LAD) Misses Q1 EPS by 23c
Lithia Motors (NYSE: LAD) reported Q1 EPS of $2.07, $0.23 worse than the analyst estimate of $2.30. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.76 billion.
- Total same store sales were flat
- New vehicle same store sales decreased 2%
- Used vehicle retail same store sales increased 5%
- Same store F&I per unit was $1,380
- Service, body and parts same store sales increased 3%
- SG&A expense as a percentage of gross profit was 72.9%
- Online traffic up 24% over prior year
- 81% of US population within 500 miles of our delivery and service centers
For earnings history and earnings-related data on Lithia Motors (LAD) click here.
