Lithia Motors (LAD) Tops Q2 EPS by 218c

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Go back to Lithia Motors (LAD) Tops Q2 EPS by 218c

Lithia Reports Highest Second Quarter Net Income in Company History

July 22, 2020 8:00 AM EDT

Declares Dividend of $0.31 Per Share for Second Quarter

MEDFORD, Ore.--(BUSINESS WIRE)-- Lithia Motors, Inc. (NYSE: LAD) today reported second quarter 2020 revenue of $2.8 billion.

Second quarter 2020 net income per diluted share was $3.38, a 29% increase from $2.63 per diluted share reported in the second quarter of 2019. Adjusted second quarter 2020 net income per diluted share was $3.72, a 26% increase compared to adjusted net income of $2.95 per diluted share in the same period of 2019.

Second quarter 2020 net income was $78 million, a 26% increase compared to net income of $62 million in the same period of... More