AP NEWS

Lithia Motors: 4Q Earnings Snapshot

February 12, 2020 GMT

MEDFORD, Ore. (AP) _ Lithia Motors Inc. (LAD) on Wednesday reported fourth-quarter profit of $68 million.

On a per-share basis, the Medford, Oregon-based company said it had profit of $2.89. Earnings, adjusted for one-time gains and costs, came to $2.95 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.

The auto dealership chain posted revenue of $3.27 billion in the period.

For the year, the company reported profit of $271.5 million, or $11.60 per share. Revenue was reported as $12.67 billion.

Lithia Motors shares have decreased 4% since the beginning of the year. The stock has risen 68% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAD at https://www.zacks.com/ap/LAD