Lithia Motors (NYSE: LAD) reported Q4 EPS of $2.95, $0.02 worse than the analyst estimate of $2.97. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.22 billion.

Fourth Quarter-over-Quarter Operating Highlights:

• Total adjusted net income per diluted share increased 15%
• Total same store sales increased 7%
• Same store new vehicle retail sales increased 4%
• Same store used vehicle retail sales increased 17%
• Same store F&I per unit increased 10% to $1,526
• Same store total gross profit per unit increased 5% to $3,705

"We increased same store sales in all core business lines, including double digit revenue growth of over 16% in both used vehicle sales and F&I," said Bryan DeBoer, President and CEO. "Our stores and their phenomenal teams continue to be focused on creating convenient and transparent consumer experiences to generate our strong results."

"With over $1 billion in liquidity through our cash, availability on our credit facility, and unfinanced real estate, we remain well positioned to take advantage of the robust acquisition market in 2020," said DeBoer.

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