April 25, 2018 / 11:10 AM / 7 months ago

BRIEF-Lithia Reports Q1 Earnings Per Share $2.07

April 25 (Reuters) - Lithia Motors Inc:

* LITHIA REPORTS RECORD FIRST QUARTER 2018 RESULTS, INCREASES REVENUE 19%

* Q1 EARNINGS PER SHARE $2.07

* Q1 REVENUE $2.7 BILLION VERSUS I/B/E/S VIEW $2.67 BILLION

* Q1 EARNINGS PER SHARE VIEW $2.29 — THOMSON REUTERS I/B/E/S

* QTRLY USED VEHICLE RETAIL SAME STORE SALES INCREASED 5%

* YEAR TO DATE, HAVE REPURCHASED 90,000 SHARES AT A WEIGHTED AVERAGE PRICE OF $98.02 PER SHARE

* UNDER EXISTING $250 MILLION SHARE REPURCHASE AUTHORIZATION, ABOUT $154 MILLION REMAINS AVAILABLE

* BOARD HAS APPROVED A 7% INCREASE IN OUR DIVIDEND TO $0.29 PER SHARE RELATED TO FIRST QUARTER 2018 FINANCIAL RESULTS Source text for Eikon: Further company coverage:

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