LAD Stock Recent News

Shares of Lithia Motors Inc. LAD, +0.26% slid 3.5% in premarket trading Wednesday, after the auto retailer reported first-quarter results that missed expectations as profit per vehicle sold fell, while boosting its quarterly dividend by 19%. Net income fell to $228.7 million, or $8.30 a share, from $342.2 million, or $11.55 a share, in the year-ago period.

The management team at Lithia Motors is due to announce financial results for the first quarter of the company's 2023 fiscal year in the coming days. Recently, shares have underperformed the market even as sales climb, and this is due to concerns over worsening market conditions.

Lithia (LAD) purchases Jardine Motors Group to cash in on the latter's strong track record and market position in United Kingdom.

Lithia (LAD) fails to pull off an earnings surprise in Q4 owing to lower-than-expected revenues from used vehicle retail and F&I units.

Lithia Motors, Inc. (NYSE:LAD ) Q4 2022 Earnings Conference Call February 15, 2023 10:00 AM ET Company Participants Amit Marwaha - Director, Investor Relations Bryan DeBoer - President and CEO Chris Holzshu - Executive Vice President and COO Tina Miller - Senior Vice President and CFO Chuck Lietz - Senior Vice President, Driveway Finance Conference Call Participants Daniel Imbro - Stephens Rajat Gupta - JPMorgan John Murphy - Bank of America Chris Bottiglieri - BNP Paribas Bret Jordan - Jefferies Colin Langan - Wells Fargo David Whiston - Morningstar Operator Good morning. And welcome to the Lithia & Driveway Fourth Quarter 2022 Conference Call.

Lithia Motors (LAD) delivered earnings and revenue surprises of -10.48% and 1.41%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Shares of Lithia Motors Inc. LAD, +1.91% were indicated down about 4% in premarket trading Wednesday, after the automotive retailer reported fourth-quarter profit and revenue that missed expectations, as gross margin contracted and vehicle profit per unit fell sharply. Net income declined to $247.7 million, or $9.00 a share, from $291.0 million, or $9.57 a share, in the year-ago period.

MEDFORD, Ore. , Jan. 24, 2023 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced its fourth quarter 2022 earnings will be released before the market opens on Wednesday, February 15, 2023.

Lithia has been a huge winner over the past decade as they roll up franchised dealerships. Lithia is looking to transform its business by fully embracing online.

An American car dealership giant is in advanced talks to buy Jardine Motors, one of the largest automotive retail groups in Britain, for about £300m.