Lithia Motors (LAD) Tops Q2 EPS by 23c; Guides Q3, FY15 EPS

Lithia Motors (NYSE: LAD) reported Q2 EPS of $1.86, $0.23 better than the analyst estimate of $1.63. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.9 billion.

Second Quarter-over-Quarter Operating Highlights:

• Total same store sales increased 11%
• New vehicle same store sales increased 8%
• Used vehicle retail same store sales increased 16%
• Service, body and parts same store sales increased 10%
• Same store F&I per unit increased $78 to $1,280
• Adjusted SG&A expense as a percentage of gross profit was 66.6%

Lithia Motors sees Q3 2015 EPS of $1.83-$1.87, versus the consensus of $1.69.

Lithia Motors sees FY2015 EPS of $6.63-$6.72, versus the consensus of $6.39.

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

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