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Stock impact report

Lithia (NYSE:LAD) Reports Q1 In Line With Expectations But Stock Drops [Yahoo! Finance]

Lithia Motors, Inc. (LAD) 
Last lithia motors, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: lithiainvestorrelations.com
Company Research Source: Yahoo! Finance
It made a non-GAAP profit of $6.11 per share, down from its profit of $8.44 per share in the same quarter last year. Is now the time to buy Lithia? Find out in our full research report Lithia (LAD) Q1 CY2024 Highlights: Revenue: $8.56 billion vs analyst estimates of $8.56 billion (small miss) EPS (non-GAAP): $6.11 vs analyst expectations of $7.88 (22.5% miss) Gross Margin (GAAP): 15.6%, down from 17% in the same quarter last year Free Cash Flow of $212.8 million is up from -$87.9 million in the same quarter last year Same-Store Sales were down 1.9% year on year Market Capitalization: $7.28 billion "In the first quarter, our teams responded as the industry continued to normalize inventories and profitability. We are committed to driving improvements across our business," said Bryan DeBoer, President and CEO. With a strong presence in the Western US, Lithia Motors (NYSE:LAD) sells a wide range of vehicles, including new and used cars, trucks, SUVs, and luxury vehicle Show less Read more
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