Lithia Motors Q2 revenue $8.1B (+12%), EPS $10.78 (-7%), declares $0.50 dividend

LITHIA MOTORS INC

2023-Q2 EPS reported $19.08 revenue$15,091,000,000

Revenue $8.1B (+12% YoY); diluted EPS $10.78 (-7%), adjusted EPS $10.91 (-10%).
Acquired 14 locations expected to add ~$1.5B annualized revenue; divested 3 stores.
DFC originated $558M in loans; service/body/parts revenue up 18%.
Dividend $0.50/share payable Aug 25, record Aug 11.
Total vehicle gross profit per unit $5,710, down $853; adjusted SG&A 60.4% of gross profit.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LITHIA MOTORS INC reported second quarter 2023 results: revenue $8.1 billion, net income $301 million, EPS $10.78.

Period: second quarter 2023
Revenue: $8.1 billion
Net income: $301 million
EPS: $10.78
Result: reported results

Exact text from the filing

Second quarter 2023 revenue increased 12% to $8.1 billion from $7.2 billion in the second quarter of 2022. Second quarter 2023 net income attributable to LAD per diluted share was $10.78, a 7% decrease from $11.60 per diluted share reported in the second quarter of 2022.

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LITHIA MOTORS INC filing history →

Source: SEC EDGAR

accession 0001023128-23-000113

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