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Lithia Motors stock shoots up after profit more than tripled, revenue more than doubled to big beats

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Lithia Motors stock shoots up after profit more than tripled, revenue more than doubled to big beats

Shares of Lithia Motors Inc.
LAD,
+5.88%
hiked up 4.7% in premarket trading Wednesday, after the auto retailer reported earlier second-quarter profit that more than tripled and revenue that more than doubled to beat expectations by wide margins, amid…

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