Lithia Motors Reports Business Improvements With Sequential Increases Throughout April and May
Lithia Motors, Inc. (LAD)
Last lithia motors, inc. earnings: 4/22 07:00 am
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Source: Business Wire
MEDFORD, Ore.--(BUSINESS WIRE)--Lithia Motors, Inc. (NYSE: LAD) today reported notable improvements across all business lines from the declines experienced in March and April as states begin to relax shelter-in-place policies and enter into the various phases of reopening.For the entire month of May, total same store vehicle unit sales decreased approximately 7%, with same store new vehicle unit sales decreasing approximately 20% and same store used vehicle unit sales increasing approximately 8% over the same period last year. Total vehicle unit sales saw weekly sequential improvements in May as shelter-in-place policies began to be lifted throughout the country. During the first week of May, same store new vehicle unit sales decreased approximately 28% and used vehicle unit sales decreased approximately 5%. Significant improvement was seen by the end of the last week of May, with same store new vehicle unit sales decreasing approximately 16% and same store used vehicle unit sales
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News
- 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
- Lithia Motors, Inc. (NYSE: LAD) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Lithia Motors, Inc. (NYSE: LAD) had its price target lowered by analysts at Citigroup Inc. from $320.00 to $280.00. They now have a "neutral" rating on the stock.MarketBeat
- Lithia Motors, Inc. (NYSE: LAD) had its price target lowered by analysts at Craig Hallum from $350.00 to $310.00. They now have a "buy" rating on the stock.MarketBeat
LAD
Earnings
- 4/24/24 - Miss
LAD
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- LAD's page on the SEC website