LAD Stock Recent News

Cava's popularity is generating higher sales, and it has a long growth runway in new store openings. Lithia Motors is profitably expanding in the $1 trillion car industry.

Lithia's (LAD) second-quarter earnings and revenues beat estimates. Revenues increase 12% year over year.

Lithia Motors, Inc. (NYSE:LAD ) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Amit Marwaha - Director-Investor Relations Bryan DeBoer - President and Chief Executive Officer Chris Holzshu - Executive Vice President and Chief Operating Officer Chuck Lietz - Senior Vice President-Driveway Finance Tina Miller - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens, Inc. Rajat Gupta - JPMorgan John Murphy - Bank of America Colin Langan - Wells Fargo Ryan Sigdahl - Craig-Hallum Capital Group Kate McShane - Goldman Sachs Bret Jordan - Jefferies Adam Jonas - Morgan Stanley Ron Josey - Citi David Whiston - Morningstar Operator Good morning. Welcome to Lithia & Driveway's Second Quarter 2023 Conference Call.

Lithia Motors (LAD) came out with quarterly earnings of $10.91 per share, beating the Zacks Consensus Estimate of $9.19 per share. This compares to earnings of $12.18 per share a year ago.

Lithia Motors has seen solid growth due to its acquisitions and expansion strategy, including the recent purchase of 13 car dealerships and expansion into Atlanta. The company's earnings per share have grown exponentially, with a 57% annual growth rate over the last three years, and its valuation appears to be at a discount compared to industry peers. Despite the positive outlook, investors should be aware of risks such as dependence on automotive manufacturers, sudden changes in consumer preferences, and operational challenges.

Lithia (LAD) purchases Wade Ford in Smyrna, GA, to expand its market in the southeast region. The acquisition is expected to add $285 million in annualized revenues.

Lithia (LAD) acquires car dealerships from Priority Automotive to strengthen its foothold in the Mid-Atlantic region.

Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?

Lithia (LAD) misses sales and earnings estimates in first-quarter 2023, owing to lower-than-expected revenues from used vehicle retail, service, body and parts, finance and insurance and fleet and others segments.

Lithia Motors (LAD) came out with quarterly earnings of $8.44 per share, missing the Zacks Consensus Estimate of $8.64 per share. This compares to earnings of $11.96 per share a year ago.