Lithia Motors (LAD) Reports Q2 EPS of $2.28

Lithia Motors (NYSE: LAD) reported Q2 EPS of $2.28, versus $1.96 reported last year. Revenue for the quarter came in at $2.5 billion, versus $2.1 billion reported last year.

GUIDANCE:

Lithia Motors sees FY2017 revenue of $9.6-9.9 billion.

• New vehicle same store sales increasing 1.0%
• New vehicle gross margin of 5.6% to 5.8%
• Used vehicle same store sales increasing 5.0%
• Used vehicle gross margin of 11.5% to 11.7%
• Service body and parts same store sales increasing 7.0%
• Service body and parts gross margin of 48.5% to 49.0%
• Finance and insurance same store gross profit of $1,325 to $1,350 per unit
• Tax rate of 39.5%
• Average diluted shares outstanding of 25.1 million

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

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