Lithia Motors (LAD) Tops Q1 EPS by 1c
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Lithia Motors (LAD) Defended at KeyBanc
April 21, 2016 2:50 PM EDTKeyBanc 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