MEDFORD, Ore. (AP) _ Lithia Motors Inc. (LAD) on Wednesday reported fourth-quarter profit of $59.9 million.
On a per-share basis, the Medford, Oregon-based company said it had net income of $2.54. Earnings, adjusted for one-time gains and costs, were $2.57 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The auto dealership chain posted revenue of $2.97 billion in the period.
For the year, the company reported profit of $265.7 million, or $10.86 per share. Revenue was reported as $11.82 billion.
Lithia Motors shares have risen 13 percent since the beginning of the year. The stock has fallen 27 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LAD at https://www.zacks.com/ap/LAD