UPDATE 2-Lithia quarterly profit up 33 percent, shares rise


(Recasts, adds share price) DETROIT, April 26 (Reuters) - Car dealership group Lithia Motors Inc. on Tuesday posted a higher-than-expected 33 percent increase in quarterly earnings and forecast its full-year profit would be above Wall Street expectations, sending its shares up more than 7 percent. Medford, Oregon-based Lithia posted first-quarter net income of $10 million, or 48 cents a share, up from $7.5 million, or 39 cents a share in the year-ago quarter, boosted by higher parts ...

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