LAD / Lithia Motors stock set to fall after earnings miss, as gross margin and profit per vehicle drop

Lithia's (LAD) third-quarter earnings miss estimates. Revenues increase by 13.5% year over year. more_horizontal

Lithia Motors, Inc. (NYSE:LAD ) Q3 2023 Results Conference Call October 25, 2023 10:00 AM ET Company Participants Amit Marwaha - Director of Investor more_horizontal

Lithia Motors (LAD) came out with quarterly earnings of $9.25 per share, missing the Zacks Consensus Estimate of $9.97 per share. This compares to ear more_horizontal

Lithia Motors (LAD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with st more_horizontal

The battle for control of Pendragon PLC has taken another twist after it sweetened the terms of its deal with Lithia Motors. Lithia has agreed to pay more_horizontal

Lithia Motors (LAD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong B more_horizontal

Lithia (LAD) joins forces with Pinewood Technologies and purchases the U.K. motor and fleet management divisions of Pendragon plc. more_horizontal

Lithia Motors' revenue has grown at a CAGR of 23% during the last decade, as commercial development and US expansion have driven value. The automotive more_horizontal