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Lithia Motors, Inc. is an American nationwide automotive dealership group headquartered in Medford, Oregon. [7] It is the third largest new vehicle automotive dealership group in the United States , below AutoNation and Penske Automotive Group . [ 8 ]
Lithia Motors has been profitable 10 over the past 10 years. Over the past twelve months, the company had a revenue of $14.7 billion and earnings of $23.07 a share.
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After an initial business review in June 2019, it was found that losses incurred by the Car Store division had jumped from £11.9m in 2018 to over £25m in 2019, as a result of excess used car stock and execution inefficiency. [16] Its CEO, Mark Herbert, left the company after serving for just three months. [17]
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