Shares of Lithia Motors (LAD +8.9%) jump today as Q2 earnings easily beat expectations. Total...

|About: Lithia Motors, Inc. (LAD)|By:, SA News Editor

Shares of Lithia Motors (LAD +8.9%) jump today as Q2 earnings easily beat expectations. Total revenue rose 26%, boosted by double-digit sales growth of both new and used vehicles. The company also adjusts its FY12 new vehicle gross margin from 7.3% to 7.6%.