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	<title>Stock Blog Hub &#187; LAD</title>
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		<title>(LAD) Lithia Motors Reports Improved Quarter</title>
		<link>http://www.stockbloghub.com/2009/11/10/lad-lithia-motors-reports-improved-quarter-for-lithia/20198</link>
		<comments>http://www.stockbloghub.com/2009/11/10/lad-lithia-motors-reports-improved-quarter-for-lithia/20198#comments</comments>
		<pubDate>Wed, 11 Nov 2009 00:04:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Auto Dealerships]]></category>
		<category><![CDATA[Services]]></category>
		<category><![CDATA[LAD]]></category>
		<category><![CDATA[Lithia Motors Inc.]]></category>

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		<description><![CDATA[Lithia Motors (LAD) announced a profit of $7.2 million or 33 cents per share, before special items, in the third quarter, an improvement from $1.45 million or 7 cents per share in the year-ago period. This was attributed to increased sales due to the U.S. Government’s “Cash for Clunkers&#8221; cash incentive program for fuel-efficient vehicles. The auto retailer managed to nearly meet the Zacks Consensus Estimate of 34 cents per share. Revenues in the quarter declined 10% to $458 million driven by lower new vehicle sales. New vehicle sales fell 15% to $242 million while used vehicle sales remained almost flat at $136 million. Same store new vehicle sales declined 14.3% while used vehicle sales increased 3.9% on a year-over-year basis. Lithia’s gross profit margin increased 190 basis points to ]]></description>
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