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.
Get a deeper insight into the potential performance of Lithia Motors (LAD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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 & Driveway, an American automotive dealership group, is now an $8 billion (by market cap) car dealership retailer. The company has increased its dividend for 15 consecutive years, with a 10-year dividend growth rate of 14.6%. LAD advanced its revenue from $5.4 billion in FY 2014 to $31 billion in FY 2023, a compound annual growth rate of 21.4%.
Lithia Motors (LAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Lithia Motors reported better than expected quarterly results with revenue growth of 13.8% and non-GAAP EPS of $7.87. Weaknesses in same store data showed declines in new and used vehicle revenues, finance, insurance, and aftersales, impacting margins. Despite short-term challenges, LAD stock offers a long-term investment opportunity with historically strong growth and a growth-oriented management mindset.