Lithia Motors (LAD) Misses Q1 EPS by 4c, Revenues Miss

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Go back to Lithia Motors (LAD) Misses Q1 EPS by 4c, Revenues Miss

Lithia Reports First Quarter 2020 Results

April 22, 2020 7:00 AM EDT

Declares Dividend of $0.30 Per Share for First Quarter

MEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today reported first quarter 2020 revenue of $2.8 billion. First quarter 2020 net income per diluted share was $1.97, a 19% decrease from $2.42 per diluted share reported in the first quarter of 2019. Adjusted first quarter 2020 net income per diluted share was $2.01, an 18% decrease compared to adjusted net income of $2.44 per diluted share in the same period of 2019.

First quarter 2020 net income was $46 million, an 18% decrease compared to net income of $56 million in the same period of 2019.... More