Lithia's Second Quarter Beats Management's Own Preannounced EPS Range From July 12
Lithia’s second-quarter results reported July 28 exceeded management’s own preannounced EPS expectation from a July 12 press release. We don’t see anything in the results to merit changing our moat or fair value estimate, but we are increasing our EPS to $8.59 from $8.52 to factor in a lower share count of 25.1 million shares, from 25.3 million given in the April 19 earnings release. We wrote in our July 12 note that guidance may increase, and it did with adjusted 2017 EPS now guided in a range ...Lithia Motors is a providers of personal transportation solutions. The company's segments are Domestic, Import and Luxury. The company's Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. The company's Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. The company's Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.
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