LAD News

Lithia Motors (LAD) implements a number of cost-containment actions including reduction of headcount and suspension of buybacks amid the coronavirus-led financial crisis.

Lockdown measures to contain the spread of coronavirus hit Lithia Motors (LAD) hard in March, which in turn hurt overall operating results in the first quarter.

Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Lithia Motors, Inc. (NYSE: LAD) today reported preliminary financial results for the three months ended March 31, 2020. Based on preliminary information available today, Lithia expects first quarter 2020 net income to be in the range of $45.5 million to $47.0 million and net income per diluted share between $1.95 to $2.00.

Lithia Motors (LAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hit by coronavirus mayhem, Ford (F) and Goodyear Tire (GT) expect first-quarter 2020 pretax loss of $600 million and $185-$195 million, respectively.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lithia Motors, Inc. New York, April 22, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lithia Motors, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

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Lithia Motors (NYSE:LAD) shareholders are no doubt pleased to see that the share price has bounced 32% in the last...

Lithia Motors told regulators that sales and service revenue is volatile as some sales operations are closed by stay-at-home orders, however, the company is confident in its balance sheet.

Shares of Lithia Motors (NYSE:LAD) gained over 6% after the company reported Q1 results.Quarterly Results Earnings per share fell 17.62% year over year to $2.01, which missed the estimate of $2.05.Revenue of $2,804,000,000 lower by 1.61% from the same period last year, which missed the estimate of $2,930,000,000.Looking Ahead Lithia Motors hasn't issued any earnings guidance for the time being.Lithia Motors hasn't issued any revenue guidance for the time being.Conference Call Details Date: Apr 22, 2020View more earnings on LADTime: 10:01 AM ETWebcast URL: http://www.lithiainvestorrelations.com/webcasts.htmlPrice Action Company's 52-week high was at $165.26Company's 52-week low was at $55.74Price action over last quarter: down 32.80%Company Overview Lithia Motors is a retailer of new and used vehicles and related services. The company offers 30 brands of vehicles at over 190 stores throughout the western United States and East Coast. The company has expanded largely through the acquisition of dealerships in smaller regional markets and via deals in New York and Southern California. Annual revenue in 2019 was $12.7 billion. In 2019, new-car sales were about 54% of total revenue. Lithia was founded in 1946, went public in 1996, and is now one of the largest U.S. auto dealerships. It is based in Medford, Oregon.See more from Benzinga * Recap: Amphenol Q1 Earnings * Recap: Baker Hughes Q1 Earnings * NextEra Energy: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Today we'll look at Lithia Motors, Inc. (NYSE:LAD) and reflect on its potential as an investment. Specifically, we'll...

Q1 2020 Lithia Motors Inc Earnings Call

If you own shares in Lithia Motors, Inc. (NYSE:LAD) then it's worth thinking about how it contributes to the...

Lithia Motors, Inc. (NYSE: LAD) today reported first quarter 2020 revenue of $2.8 billion. First quarter 2020 net income per diluted share was $1.97, a 19% decrease from $2.42 per diluted share reported in the first quarter of 2019. Adjusted first quarter 2020 net income per diluted share was $2.01, an 18% decrease compared to adjusted net income of $2.44 per diluted share in the same period of 2019.

Lithia Motors, Inc. (NYSE: LAD) announced its first quarter 2020 earnings will be released before the market opens on Wednesday, April 22, 2020. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.

NEW YORK, NY / ACCESSWIRE / April 22, 2020 / Lithia Motors, Inc. (NYSE:LAD) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 22, 2020 at 10:00 AM ...

Lithia Motors, Inc. (NYSE: LAD) (the "Company") today announced that due to the emerging public health impact of COVID-19, the Board of Directors has authorized participation via remote communication and moved to a virtual-only format for the Company’s 2020 Annual Meeting of Shareholders (the "Annual Meeting").

Moody's Investors Service, Inc. ("Moody's") today affirmed all ratings of Lithia Motors, Inc. ("Lithia") including the Ba1 corporate family rating and Ba2 senior unsecured bond rating. "Today's affirmation considers Lithia's flexible business model, which derives the bulk of its profits from used vehicle sales, parts & service, and finance & insurance, with new vehicle sales, while representing over 50% of revenue, only represent around 20% of gross profit," stated Moody's Lead Lithia Analyst Charlie O'Shea. "Lithia's operating costs are very flexible, especially those involved in vehicle sales, so consistent with the 2008-09 recession, as sales drop, Moody's expects compensation costs to drop as well," continued O'Shea.

Lithia Motors (LAD) delivered earnings and revenue surprises of 1.52% and -1.35%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?