Wednesday, February 13, 2019

Lithia boosts revenue, results, though year-ago tax gains ding net income

Lithia boosts revenue, results, though year-ago tax gains ding net income http://bit.ly/2S16YDU

A double-digit percentage jump in used-vehicle sales and higher finance-and-insurance income helped give Lithia Motors, the country's fourth-largest dealership group, a boost in both revenue and adjusted earnings for the fourth quarter of 2018. But net income dropped on a comparison to a year-earlier quarter that included a large one-time tax benefit.

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