Lithia Motors: Despite Short-Term Troubles, Long-Term Story Remains Intact [Seeking Alpha]
Lithia Motors, Inc. (LAD)
Last lithia motors, inc. earnings: 4/22 07:00 am
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US:NYSE Investor Relations:
lithiainvestorrelations.com
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Source: Seeking Alpha
Net income declined by 29% despite a 23% increase in revenues, indicating rising costs for the company. Same-store sales for new cars were up 2% while used car sales were down 5%, possibly due to a small price difference between new and used cars. Despite short-term troubles, the long-term story remains intact, and the company will continue to invest up to 60% of its cash flow into the company's growth initiatives. Lithia Motors ( NYSE: LAD announced the results for last quarter on April 24 and investors were mostly disappointed with the results considering that the stock is down close to -7% since the announcement. This is my follow up coverage on this company after my February article titled Lithia Motors: Strong Growth At A Cheap Price. For the quarter, the company announced $6.11 per share in net income while analysts were looking for $7.88 and $8.6 billion in revenues when analysts were looking for $8.56 billion, so it was a significant miss for net income and a slight bea
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LAD
News
- Lithia Motors, Inc. (NYSE: LAD) had its price target lowered by analysts at JPMorgan Chase & Co. from $285.00 to $270.00. They now have a "neutral" rating on the stock.MarketBeat
- EFG Companies Expands Powerhouse Leadership Roster [Yahoo! Finance]Yahoo! Finance
- Lithia Motors (NYSE:LAD) Is Increasing Its Dividend To $0.53 [Yahoo! Finance]Yahoo! Finance
- Lithia (LAD) Q1 Earnings Miss Expectations, Dividend Hiked [Yahoo! Finance]Yahoo! Finance
- Lithia Motors, Inc. Just Missed EPS By 26%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
LAD
Earnings
- 4/24/24 - Miss
LAD
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 144
- 5/1/24 - Form 4
- LAD's page on the SEC website