* Lithia Motors Inc reported quarterly adjusted earnings of $8.21 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $9.25. The mean expectation of thirteen analysts for the quarter was for earnings of $7.60 per share. Wall Street expected results to range from $6.84 to $8.34 per share.
* Revenue rose 11.4% to $9.22 billion from a year ago; analysts expected $9.48 billion.
* Lithia Motors Inc's reported EPS for the quarter was $7.80.
* The company reported quarterly net income of $209.1 million.
* Lithia Motors Inc shares had fallen by 4.1% this quarter and lost 7.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.
* In the last 30 days, four analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the auto vehicles, parts & service retailers peer group is also "buy"
Wall Street's median 12-month price target for Lithia Motors Inc is 345.00 This summary was machine generated from LSEG data October 23 at 01:33 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 7.60
Jun. 30 2024 7.03
Mar. 31 2024 7.89 6.11 Missed
Dec. 31 2023 8.24 8.24 Met
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