Lithia Motors: Q3 Earnings Insights

Shares of Lithia Motors LAD rose 1.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 103.24% year over year to $6.89, which beat the estimate of $5.86.

Revenue of $3,620,000,000 rose by 8.64% from the same period last year, which beat the estimate of $3,570,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Lithia Motors hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

Time: 10:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=142007

Recent Stock Performance

52-week high: $288.56

Company's 52-week low was at $55.74

Price action over last quarter: Up 19.67%

Company Profile

Lithia Motors is a retailer of new and used vehicles and related services. The company offers 30 brands of vehicles at nearly 200 stores throughout the western United States and East Coast. The company has expanded largely through the acquisition of dealerships in smaller regional markets and via deals in New York and Southern California. Annual revenue in 2019 was $12.7 billion. In 2019, new-car sales were about 54% of total revenue. Lithia was founded in 1946, went public in 1996, and is now one of the largest U.S. auto dealerships. It is based in Medford, Oregon.