Lithia Motors (LAD) Tops Q4 EPS by 6c; Offers FY18 Revenue Mid-Point Above Consenus

Note: EPS may not be comparable

Lithia Motors (NYSE: LAD) reported Q4 EPS of $2.15, $0.06 better than the analyst estimate of $2.09. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.7 billion.

Fourth Quarter-over-Quarter Operating Highlights:

• Total same store sales increased 3%
• New vehicle same store sales increased 3%
• Used vehicle retail same store sales increased 2%
• Service, body and parts same store sales increased 4%
• Same store F&I per unit was $1,342
• Adjusted SG&A expense as a percentage of gross profit was 68.7%

GUIDANCE:

Lithia Motors sees FY2018 EPS of $10.50. Lithia Motors sees FY2018 revenue of $11-11.5 billion versus $11.14 billion estimates.

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

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