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

Lithia Motors

26/07/2023 14:32

* Lithia Motors Inc  LAD.N  reported quarterly adjusted
earnings
of $10.91​​ per share for the quarter ended in June. The mean
expectation of thirteen analysts for the quarter was
for earnings of $9.26 per share.
    * Revenue rose 12% to $8.11 billion from a year ago;
analysts
expected $7.92 billion. 
    * Lithia Motors Inc's reported EPS for the quarter was
$10.78​.
    * The mean earnings estimate of analysts had risen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lithia Motors Inc shares had fallen by 3.9% this
quarter and
gained 42.8% so far this year.
    * The company reported quarterly net income of $297.2
million.
    * Wall Street's median 12-month price target for Lithia
Motors Inc
is $316.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      9.26           10.91          Beat
 Mar. 31 2023      8.77           8.44           Missed
 Dec. 31 2022      10.10          9.05           Missed
 Sep. 30 2022      11.84          11.08          Missed