earnings
confidence high
sentiment positive
materiality 0.75
Lithia Motors Q2 EPS $11.54 (+17% YoY), revenue $9.8B record, dividend raised 23%
LITHIA MOTORS INC
- Q2 diluted EPS $11.54 (up 17% YoY); adjusted diluted EPS $10.03 (up 9% YoY).
- Record Q2 revenue $9.8B (+2% YoY); net income $261.6M (+1.3% YoY).
- Quarterly dividend increased 23% to $0.70/share, payable Aug 21 to holders of record Aug 7.
- Repurchased $242M of shares (3.7% of outstanding) in Q2; $620M remaining under authorization.
- Acquired 5 stores ($340M annualized revenue) and divested 3 stores ($120M annualized revenue).