Lithia Motors Inc reports results for the quarter ended June 30 - Earnings Summary

• Lithia Motors Inc LAD.N reported quarterly adjusted earnings of $10.24​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $7.87. The mean expectation of thirteen analysts for the quarter was for earnings of $9.24 per share. Wall Street expected results to range from $8.06 to $9.95 per share.

• Revenue rose 3.8% to $9.58 billion from a year ago; analysts expected $9.69 billion.

• Lithia Motors Inc's reported EPS for the quarter was $9.87​.

• The company reported quarterly net income of $256.1 million.

• Lithia Motors Inc shares had fallen by 9.1% this quarter and lost 14.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 7.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 3 "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 $400.00, about 23.2% above its last closing price of $307.07

This summary was machine generated from LSEG data July 29 at 01:31 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)