Lithia Motors, Inc. (LAD) Set to Announce Earnings on Wednesday
Lithia Motors, Inc. (NYSE:LAD) will be posting its quarterly earnings results before the market opens on Wednesday, October 18th. Analysts expect Lithia Motors to post earnings of $2.31 per share for the quarter. Lithia Motors has set its FY17 guidance at $8.35-8.50 EPS.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Friday, July 28th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.05. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Lithia Motors had a return on equity of 21.66% and a net margin of 2.26%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. On average, analysts expect Lithia Motors to post $8.61 EPS for the current fiscal year and $9.56 EPS for the next fiscal year.
Shares of Lithia Motors, Inc. (NYSE:LAD) opened at 119.14 on Wednesday. The firm has a market capitalization of $2.98 billion, a PE ratio of 14.36 and a beta of 1.71. Lithia Motors, Inc. has a 52 week low of $75.85 and a 52 week high of $123.50. The stock has a 50 day moving average price of $112.41 and a 200 day moving average price of $98.24.
In other Lithia Motors news, Director Susan O. Cain sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $105.64, for a total value of $105,640.00. Following the transaction, the director now owns 12,242 shares in the company, valued at approximately $1,293,244.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sidney B. Deboer sold 65,711 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $121.77, for a total transaction of $8,001,628.47. Following the completion of the transaction, the director now owns 1,421 shares in the company, valued at approximately $173,035.17. The disclosure for this sale can be found here. Insiders have sold a total of 299,781 shares of company stock worth $32,525,652 in the last 90 days. Company insiders own 7.85% of the company’s stock.
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Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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