Lithia Reports Adjusted EPS of $1.55 for First Quarter 2016
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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... MoreLithia Motors (LAD) Tops Q1 EPS by 1c
April 21, 2016 7:00 AM EDTLithia 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