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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.
Lithia Motors
Lithia Motors
Lithia Motors Revenue by Segment
Revenue by Segment
New Vehicle Retail Revenue
CapyFin.comUsed Vehicle Retail Revenue
CapyFin.comUsed Vehicle Wholesale Revenue
CapyFin.comFinance and Insurance Revenue
CapyFin.comAftersales Revenue
CapyFin.comFleet and Other Revenue
CapyFin.com 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