Beyond analysts' top -and-bottom-line estimates for Lithia Motors (LAD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Lithia Motors (LAD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lithia Motors (LAD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Lithia Motors, Group 1 Automotive and Asbury Automotive Group have been highlighted in this Industry Outlook article.
Lithia Motors has seen a 37.2% stock increase since May 2024, outperforming the S&P 500's 13.4% gain. Despite recent appreciation, Lithia Motors remains attractively priced, though not as cheap as before; downgraded from 'strong buy' to 'buy'. Revenue growth driven by acquisitions, with new vehicle sales up 14% and used vehicle sales up 8.5%, despite some price declines.
Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?
Lithia Motors and Rush Enterprises have been highlighted in this Industry Outlook article.
Although the Zacks Auto Retail and Wholesale industry is unfavorably ranked currently, stocks like LAD and RUSHA are worth a watch.
LAD's third-quarter earnings beat the Zacks Consensus Estimate while revenues miss the same.
Lithia Motors, Inc. (NYSE:LAD ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Jardon Jaramillo - Senior Director, Investor Relations Bryan DeBoer - President and Chief Executive Officer Tina Miller - Senior Vice President and Chief Financial Officer Adam Chamberlain - Chief Operating Officer Chuck Lietz - Senior Vice President, Driveway Finance Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group John Murphy - Bank of America Rajat Gupta - JPMorgan Chris Bottiglieri - BNP Jeff Lick - Stephens Douglas Dutton - Evercore Michael Ward - Freedom Capital Brett Jordan - Jefferies Colin Langan - Wells Fargo Operator Greetings, and welcome to Lithia Motors Third Quarter 2024 Earnings Conference Call. At this time, all participants are on a listen-only-mode.
The headline numbers for Lithia Motors (LAD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lithia Motors (LAD) came out with quarterly earnings of $8.21 per share, beating the Zacks Consensus Estimate of $7.59 per share. This compares to earnings of $9.25 per share a year ago.