Benzinga | Jul 22, 2020 08:01AM EDT

Lithia Motors Q2 EPS $3.72 Beats $1.54 Estimate, Sales $2.80B Beat $2.42B Estimate

Lithia Motors (NYSE:LAD) reported quarterly earnings of $3.72 per share which beat the analyst consensus estimate of $1.54 by 141.56 percent. This is a 26.1 percent increase over earnings of $2.95 per share from the same period last year. The company reported quarterly sales of $2.80 billion which beat the analyst consensus estimate of $2.42 billion by 15.70 percent. This is a 13.10 percent decrease over sales of $3.22 billion the same period last year.