Lithia Motors Inc reports results for the quarter ended in September 30 - Earnings Summary

Lithia Motors

23/10/2024 14:33

* Lithia Motors Inc  LAD.N  reported quarterly adjusted
earnings
of $8.21​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $9.25.  The mean expectation of thirteen analysts for the
quarter was for earnings of $7.60 per share. Wall Street
expected results to range from $6.84  to $8.34 per share.
    * Revenue rose 11.4% to $9.22 billion from a year ago;
analysts
expected $9.48 billion. 
    * Lithia Motors Inc's reported EPS for the quarter was
$7.80​.
    * The company reported quarterly net income of $209.1
million.
    * Lithia Motors Inc shares had fallen by 4.1% this
quarter and
lost 7.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and no "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 345.00 
This summary was machine generated from LSEG data October 23 at
01:33 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
 Sep. 30 2024      7.60                          
 Jun. 30 2024      7.03                          
 Mar. 31 2024      7.89           6.11           Missed
 Dec. 31 2023      8.24           8.24           Met