Lithia Motors Inc reports results for the quarter ended in January - Earnings Summary

Lithia Motors

01/08/2024 14:32

* Lithia Motors Inc  LAD.N  reported quarterly adjusted
earnings
of $7.87​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $10.91.  The mean expectation of twelve analysts for the
quarter was for earnings of $7.03 per share. Wall Street
expected results to range from $6.06  to $8.19 per share.
    * Revenue rose 13.8% to $9.23 billion from a year ago;
analysts
expected $9.33 billion. 
    * Lithia Motors Inc's reported EPS for the quarter was
$7.87​.
    * The company reported quarterly net income of $214.2
million.
    * Lithia Motors Inc shares had risen by 9.5% this
quarter and
lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the auto
vehicles,
parts & service retailers peer group is also "buy"

Wall Street's median 12-month price target for Lithia Motors Inc
is $327.50 
This summary was machine generated from LSEG data August 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      7.03           7.87           Beat
 Mar. 31 2024      7.89           6.11           Missed
 Dec. 31 2023      8.24           8.24           Met
 Sep. 30 2023      10.08          9.25           Missed