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Zacks

Lithia Motors (LAD) Q2 Earnings and Revenues Miss Estimates

Lithia Motors Zacks America CarMart

Lithia Motors (NYSE:LAD) came out with quarterly earnings of $12.18 per share, missing the Zacks Consensus Estimate of $12.22 per share. This compares to earnings of $11.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -0.33%. A quarter ago, it was expected that this auto dealership chain would post earnings of $9.63 per share when it actually produced earnings of $11.96, delivering a surprise of 24.20%.

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