Lithia Motors: Q2 Earnings Insights

Shares of Lithia Motors LAD rose 5.7% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 198.92% over the past year to $11.12, which beat the estimate of $5.85.

Revenue of $6,009,000,000 rose by 117.80% from the same period last year, which beat the estimate of $4,990,000,000.

Outlook

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

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

Details Of The Call

Date: Jul 21, 2021

Time: 10:00 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=144535

Price Action

52-week high: $417.98

52-week low: $169.04

Price action over last quarter: down 1.69%

Company Description

Lithia Motors is a retailer of new and used vehicles and related services. The company offers 33 brands of vehicles at over 200 stores in 22 states. 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 2020 was $13.1 billion. In 2020, new-car sales were about 52% 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.