Lithia Motors (LAD) Tops Q4 EPS by 16c, Revenues Miss

Lithia Motors (NYSE: LAD) reported Q4 EPS of $2.57, $0.16 better than the analyst estimate of $2.41. Revenue for the quarter came in at $2.97 billion versus the consensus estimate of $3 billion.

• Total revenues increased 10%
• Adjusted EPS increased 20%
• Total same store used vehicle retail sales increased 10%
• Same store F&I per unit increased 5% to $1,400

"We grew both revenue and gross profit over 10%, and adjusted EPS by 20% as our acquisitions season and we continue our progress towards the over $250 million in incremental earnings potential," said Bryan DeBoer, President and CEO. "We continue to drive operational excellence while accelerating our omni-channel capabilities to offer consumers personal transportation solutions wherever, whenever, and however they desire."

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

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