Lithia Q3 Earnings Beat Expectations, Revenues Rise Y/Y [Yahoo! Finance]
Lithia Motors, Inc. (LAD)
Last lithia motors, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance
Higher-than-expected revenues from used vehicle wholesale and aftersales segments led to the beat. The auto retailer clocked revenues of $9.2 billion, which increased 11.4% year over year but missed the Zacks Consensus Estimate of $9.4 billion. Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar. Lithia Motors, Inc. price-consensus-eps-surprise-chart | Lithia Motors, Inc. Quote New vehicle retail revenues increased 14% year over year to $4.43 billion but missed our estimate of $4.46 billion due to a lower-than-expected average selling price (ASP). New vehicle units sold rose 15.5% from the prior-year quarter's levels to 94,964 units, topping our estimate of 94,891 units. The ASP of new vehicle retail decreased to $46,649 from $47,279 reported in the prior-year quarter. Our estimate was $47,051.3. The gross margin in this segment contracted 230 basis points (bps) to 6.9% amid high cost of sales, which flared up 16.9% year over year to $4.1 billion. Used veh
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News
- Why Is Lithia Motors (LAD) Up 14.1% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Lithia Motors, Inc. (NYSE: LAD) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Lithia Motors, Inc. (NYSE: LAD) had its price target raised by analysts at Guggenheim from $380.00 to $418.00. They now have a "buy" rating on the stock.MarketBeat
- Zacks Industry Outlook Lithia Motors and Rush Enterprises [Yahoo! Finance]Yahoo! Finance
- Lithia Motors, Inc. (NYSE: LAD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
LAD
Earnings
- 10/23/24 - Beat
LAD
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 144
- 11/14/24 - Form 4
- LAD's page on the SEC website