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Lithia Motors (LAD) shares soared 6.7% in the last trading session to close at $305.46. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.1% loss over the past four weeks. Lithia shares have gained since the company acquired three Duval Motor Company stores last week, marking its foray into the Florida market. These newly acquired dealerships are expected to generate more than $200 million in annual revenues. This move to expand ...

MEDFORD, Ore., Sept. 10, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today it has continued to expand its footprint in the highly profitable U.S. Southeast Region with the purchase of three stores from the Duval Motor Company in Jacksonville and Gainesville, Florida. Combined, these newly acquired Acura, Honda, and Subaru stores are projected to generate over $200 million in annualized revenue. These high-performing Duval stores mark LAD's debut in these markets. These additions will streng ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------|-----------------------------|-----------------------------------|------------------------ ...

Lithia Motors (LAD) reported second-quarter 2024 adjusted earnings per share of $7.87, which declined from the prior-year quarter's $10.91 but surpassed the Zacks Consensus Estimate of $7.09. Higher-than-expected revenues from used vehicle retail, service, body and parts, and fleet and others segments led to the beat. The auto retailer clocked revenues of $9.23 billion, up 14% year over year, and surpassed the Zacks Consensus Estimate by 0.31%. Segmental Performance New vehicle retail revenues increased 9.7 ...

Lithia Motors, Inc. (NYSE:LAD) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Jardon Jaramillo – Senior Director, Investor Relations Bryan DeBoer – President and Chief Executive Officer Tina Miller – Senior Vice President and Chief Financial Officer Adam Chamberlain – Chief Operating Officer Conference Call Participants Ryan Sigdahl – Craig-Hallum Rajat Gupta – JPMorgan Bret Jordan – Jefferies John Murphy – Bank of America Douglas Dutton – Evercore Colin Langan – Wells Farg ...

Investor Presentation JULY 2024 UPDATED 8/1/24 2 NYSE: LADDisclosure Forward-Looking Statements Certain statements in this presentation, and at times made by our officers and representatives, constitute forwardlooking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as "project", "outlook", "target", "may", "will", "would", "should", "seek", "expect", "plan", "intend", " ...

Lithia Motors (LAD) reported $9.23 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 13.8%. EPS of $7.87 for the same period compares to $10.91 a year ago. The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $9.2 billion. With the consensus EPS estimate being $7.09, the EPS surprise was +11.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Lithia & Driveway (LAD) Reports Record Second Quarter Revenue of $9.2 billion, a 14% Increase, and the First Profitable Quarter for Financing Operations ________________________________________________ Announces Dividend of $0.53 per Share for Second Quarter Medford, Oregon, August 1, 2024 - Lithia & Driveway (NYSE: LAD) today reported the highest second quarter revenue in company history and the first profitable quarter for Financing Operations, which includes Driveway Finance Corporation. Second quarter 2 ...

Lithia Motors (LAD) came out with quarterly earnings of $7.87 per share, beating the Zacks Consensus Estimate of $7.09 per share. This compares to earnings of $10.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11%. A quarter ago, it was expected that this auto dealership chain would post earnings of $7.85 per share when it actually produced earnings of $6.11, delivering a surprise of -22.17%. Over the last four quarters, ...