Lithia Reports Adjusted EPS of $1.55 for First Quarter 2016

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Go back to Lithia Reports Adjusted EPS of $1.55 for First Quarter 2016

Lithia Motors (LAD) Defended at KeyBanc

April 21, 2016 2:50 PM EDT

KeyBanc analsyt Brett D. Hoselton defended Lithia Motors (NYSE: LAD) after shares plunged 12% in the wake of Q1 results. Hoselton said he believes the sell off is "exaggerated and will be short lived."

The analyst made three points:

LADs 1Q16 gross profit throughput of 37% was well below LADs target range of 45-50% due to over spending (e.g., higher... More

Lithia Motors (LAD) Tops Q1 EPS by 1c

April 21, 2016 7:00 AM EDT

Lithia Motors (NYSE: LAD) reported Q1 EPS of $1.55, $0.01 better than the analyst estimate of $1.54. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.96 billion.

First Quarter-over-Quarter Operating Highlights:

Total same store sales increased... More