Lithia Motors, Inc. (NYSE:LAD) is expected to report third quarter earnings results, before market open, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 5.86 per share.
Looking ahead, the full year income are expected at $ 15.97 per share on the revenues of $ 12883.60 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 6.10 ~ $ 6.40 per share
Click Here For More Historical Outlooks Of Lithia Motors, Inc.
Previous Quarter Performance
Lithia Motors, Inc. reported income for the second quarter of $ 3.38 per share, from the revenue of $ 2,759.00 million, On adjusted basis, LAD reported income for the quarter of $ 3.72 per share. The quarterly earnings increased 28.52 percent while revenues contracted 14.36 percent compared with the same quarter last year. The consensus estimates are income of $ 1.54 per share from $ 2415.81 million in revenue. The bottom line results beat street analysts by $ 2.18 or 141.56 percent, at the same time, top line results outshined analysts by $ 343.19 million or 14.21 percent.
Stock Performance
Shares of Lithia Motors, Inc. traded low $ -7.43 or -2.78 percent on Tuesday, reaching $ 259.55 with volume of 544.90 thousand shares. Lithia Motors, Inc. has traded high as $ 269.76 and has cracked $ 257.13 on the downward trend
The closing price of $ 259.55, representing a 378.97 % increase from the 52 week low of $ 55.74 and a 7.48 % decrease over the 52 week high of $ 288.56.
The company has a market capital of $ 6.88 billion and is part of the Consumer Cyclical sector and Auto & Truck Dealerships industry.
Recent Analyst recommendations
- On 19th October 2020, initiated by Seaport Global Securities at Buy rating, with $ 305.00 target price.
- On 1st October 2020, maintained by Craig Hallum at Buy rating, with $ 300.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on August 14, 2020, with payment date of August 28, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Lithia Motors, Inc. will be hosting a conference call at 10:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lithiainvestorrelations.com
Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury.
