Lithia Motors (LAD) Misses Q3 EPS by 11c; Names New CFO

Lithia Motors (NYSE: LAD) reported Q3 EPS of $2.06, $0.11 worse than the analyst estimate of $2.17. Revenue for the quarter came in at $2.38 billion versus the consensus estimate of $2.25 billion.

Effective January 1, 2017, Chris Holzshu, Senior Vice President and Chief Financial Officer, will be promoted to Executive Vice President and Chief Human Resources Officer. John North, Vice President, Finance and Chief Accounting Officer, will be promoted to Senior Vice President and Chief Financial Officer.

GUIDANCE:

Lithia Motors sees FY2016 EPS of $7.40-$7.45, versus the consensus of $7.65. Lithia Motors sees FY2016 revenue of $8.5-8.6 billion, versus the consensus of $8.58 billion.

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

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