DETROIT, July 23 (Reuters) - Auto dealer Lithia Motors Inc. said on Wednesday its second-quarter earnings rose on strong same-store sales of new vehicles and improved margins.
The company said it earned $8.5 million, or 46 cents a share, compared with $7.9 million, or 43 cents a share, in the same period a year ago.
Revenues rose 14 percent to $667.5 million from $584.3 million.