Lithia posts record earnings

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Thursday, October 25, 2012

The economy has been unpredictable, but it didn't seem to faze automobile buyers during the late summer and early fall as Lithia Motors dealers throughout the West saw sales increases.

The Medford-based auto retailer reported third-quarter earnings of $23.2 million, or 90 cents per share, its highest-ever earnings per share.

The nation's ninth-largest auto seller saw per-share earnings jump 48 percent and its quarterly revenue for the three months ending Sept. 30 increased 24 percent to $888.4 million from $715.2 million for the same period in 2011.

Read more in today's Mail Tribune.

 

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"I feel private enterprises are capable of operating at a higher efficiency than state government."

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