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Stock impact report

Lithia Motors Reports Preliminary Q2 Results, Earnings Rise Y/Y [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
Driven by its solid core operations and differentiated design, Lithia significantly outpaced the industry in the quarter. It expects its earnings per diluted share between $9.70 and $10.00 in the referred quarter. This depicts a rise of 23-27% from the previous year. Lithia's integrated business line, including diverse revenue streams, demonstrated earnings growth and future scalability. Its top line is expected to be between $9.4 billion and $9.6 billion, powered by an impressive 3.5% to 4.0% same-store total revenue growth. A major contributor to the earnings was the company's financing operations, which stood out with year-on-year growth of 110-155%, amounting to income between $15 million and $18 million. The results signal toward an effective strategy that is driving LAD's momentum, while other peers in the industry are showing flat results. Its diversified lines have been integrated well to create meaningful synergy. Driveway, GreenCars, and Driveway Finance Corporation toge Show less Read more
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