Lithia Motors (LAD) Misses Q2 EPS by 42c, Lowers Guidance

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Go back to Lithia Motors (LAD) Misses Q2 EPS by 42c, Lowers Guidance

Lithia Reports Record Second Quarter 2018 Results, Increases Revenue 26%

July 25, 2018 7:00 AM EDT

Declares Dividend of $0.29 Per Share for Second Quarter

MEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today reported the highest second quarter revenue and earnings per share in company history.

Second quarter 2018 revenue increased 26% to $3.1 billion from $2.5 billion in the second quarter of 2017.

Second quarter 2018 net income per diluted share was $2.44, a 15% increase over $2.12 per diluted share reported in the second quarter of 2017. Adjusted second quarter 2018 net income per diluted share was $2.52, a 11% increase compared to adjusted net income of $2.28 per diluted share in the same period... More