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Sep 30, 2020
Lithia Motors Q3 2020 Earnings Report
Lithia Motors achieved record quarterly results driven by strong used vehicle performance and cost-saving measures.
Key Takeaways
Lithia Motors reported record third-quarter revenue and earnings per share. Revenue increased by 9% to $3.6 billion, and net income per diluted share rose by 88% to $6.86. The company's strong used vehicle performance and strategic cost-saving measures contributed to the highest quarterly earnings per share in its history.
Total company revenues increased 8.6%.
Same store used vehicle retail sales increased 11.2%.
Same store F&I per unit increased 9.8% to $1,617.
Same store total vehicle gross profit per unit increased 28.0% to $4,690.
Revenue by Segment
Forward Guidance
The company did not provide forward guidance in its earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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