Lithia Motors & Driveway (LAD) Tops Q3 EPS by $1.97
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Go back to Lithia Motors & Driveway (LAD) Tops Q3 EPS by $1.97
October 21, 2021 7:58 AM EDT
Jefferies analyst Bret Jordan lowered the price target on Lithia Motors (NYSE: LAD) to $450.00 (from $480.00) while maintaining a Buy rating.
The analyst commented, "LAD Q3'21 adj. EPS of $11.21 beat our $11.04 est. and cons. of $9.30 as record new GPUs more than offset... More
October 20, 2021 5:57 AM EDT
Lithia & Driveway (NYSE: LAD) today reported the highest third quarter revenue and earnings per share in company history.
Third quarter 2021 revenue increased 70% to $6.2 billion from $3.6 billion in the third quarter of 2020.
Third quarter 2021 net income attributable to LAD per diluted share was $10.11, a 47% increase from $6.86 per diluted share reported in the third quarter of 2020. Adjusted third quarter 2021 net income attributable to LAD per diluted share was $11.21, a 63% increase compared to $6.89 per diluted share in the same period of 2020.
Third quarter 2021 net income was $309 million, a 95% increase compared to net income of $159... More
