Lithia Motors Inc (LAD) Releases Earnings Results, Beats Expectations By $0.03 EPS

Lithia Motors Inc (LAD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.96 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.93. The company posted revenue of $2133.34 million in the period, compared to analysts expectations of $2162.32 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.

Lithia Motors Inc opened for trading at $86.14 and hit $86.76 on the upside on Thursday, eventually ending the session at $85.73, with a gain of 2.82% or 2.35 points. The heightened volatility saw the trading volume jump to 6,10,921 shares. Company has a market cap of $2,194 M.

In a different news, on May 10, 2016, Sidney B Deboer (director) sold 229 shares at $85.00 per share price. According to the SEC, on Apr 27, 2016, Thomas R Becker (director) purchased 140 shares at $83.97 per share price. On Nov 25, 2015, Kenneth E Roberts (director) sold 1,500 shares at $123.75 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.

Lithia Motors Inc

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