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These industry leaders are ripe for the picking before 2023.
Lithia Motors continues to grow at a rapid pace, thanks to high prices and accretive acquisitions. The future for the company looks bright even though it has shown some signs of weakness.
Lithia (LAD) purchases the second-largest CDJR store in Texas to solidify its business. The buyout will generate $200 million in annual revenues.
Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock?
Lithia (LAD) lags earnings and sales estimates in the third quarter of 2022. Nonetheless, revenues increase year over year.
The auto dealership has posted incredible earnings growth -- and it could just be getting warmed up.
Lithia Motors, Inc. (NYSE:LAD ) Q3 2022 Earnings Conference Call October 19, 2022 10:00 AM ET Company Participants Amit Marwaha - Director of IR Bryan DeBoer - President and CEO Chuck Lietz - VP, Driveway Finance Corporation Chris Holzshu - EVP and COO Tina Miller - SVP and CFO Conference Call Participants Joe Enderlin - Stephens Inc. John Murphy - Bank of America-Merrill Lynch Ryan Sigdahl - Craig-Hallum Capital Group Rajat Gupta - J.P. Morgan Ali Faghri - Guggenheim Partners Colin Langan - Wells Fargo Bret Jordan - Jefferies Adam Jonas - Morgan Stanley David Whiston - Morningstar Lee Cooperman - Omega Family Office Operator Good morning, and welcome to the Lithia & Driveway Third Quarter 2022 Conference Call.
Lithia Motors (LAD) delivered earnings and revenue surprises of -6.97% and 0.99%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
The past few months have not been great for Lithia Motors, with fears about weakness in the automotive retail space pushing shares down. To be clear, financial performance reported by the business has been mixed, but the overall picture looks positive.
These stocks offer great prospects for long-term returns from these prices.