Lithia Motors reports higher Q2 earnings

Newswire

MEDFORD, Ore., July 31 (Reuters) - Auto dealer Lithia Motors Inc. said on Wednesday its second-quarter earnings rose on higher new car sales and lower costs. Lithia said net income totaled $7.9 million, or 43 cents a share, up from $5 million or 37 cents a share in the same quarter a year ago. Revenue rose 26 percent, to $584 million. The company told investors in April that it was expecting to earn between 40 cents and 42 cents a share. Lithia and other publicly traded dealership ...

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