Lithia Motors Inc (LAD) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.55 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.54. The company posted revenue of $1982.86 million in the period, compared to analysts expectations of $1960.03 million. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.
Many Wall Street Analysts have commented on Lithia Motors Inc. Jefferies Initiated Lithia Motors Inc on Apr 11, 2016 to “Buy”, Price Target of the shares are set at $105.
Lithia Motors Inc opened for trading at $88.67 and hit $90.71 on the upside on Monday, eventually ending the session at $90.44, with a gain of 1.58% or 1.41 points. The heightened volatility saw the trading volume jump to 3,76,143 shares. Company has a market cap of $2,326 M.
In a different news, on Nov 25, 2015, Kenneth E Roberts (director) sold 1,500 shares at $123.75 per share price. According to the SEC, on Nov 4, 2015, William J Young (director) sold 323 shares at $116.31 per share price. On Apr 27, 2015, John F North (VP Finance / CAO) sold 8,577 shares at $104.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Lithia Motors Inc. is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic Import and Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler General Motors and Ford. Its Import segment includes retail automotive franchises that sell new vehicles of Honda Toyota Subaru Nissan and Volkswagen. The Luxury segment consists of retail automotive franchises that sell new vehicles of BMW Mercedes-Benz and Lexus. Its segment franchises sell used vehicles parts and automotive services and automotive finance and insurance products. Its operations involve the use handling storage and contracting for recycling and disposal of materials such as motor oil and filters transmission fluids antifreeze refrigerants paints thinners batteries cleaning products lubricants degreasing agents tires and fuel.