Lithia Motors (LAD) Q1 Earnings and Revenues Lag Estimates

Core Viewpoint - Lithia Motors reported quarterly earnings of $7.66 per share, missing the Zacks Consensus Estimate of $7.77 per share, but showing an increase from $6.11 per share a year ago, indicating a -1.42% earnings surprise [1] - The company posted revenues of $9.18 billion for the quarter, missing the Zacks Consensus Estimate by 1.09%, and up from $8.56 billion year-over-year [2] Group 1: Earnings Performance - Lithia Motors has surpassed consensus EPS estimates three times over the last four quarters [2] - The company had an earnings surprise of 11.13% in the previous quarter, where it reported earnings of $7.79 per share against an expectation of $7.01 per share [1] Group 2: Stock Performance - Lithia Motors shares have declined approximately 17.3% since the beginning of the year, compared to a decline of 10.1% for the S&P 500 [3] - The current Zacks Rank for Lithia Motors is 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Future Outlook - The current consensus EPS estimate for the upcoming quarter is $8.92 on revenues of $9.78 billion, and for the current fiscal year, it is $34.51 on revenues of $38.78 billion [7] - The outlook for the automotive retail and wholesale industry is positive, with the industry currently in the top 17% of Zacks-ranked industries, suggesting potential for outperformance [8] Group 4: Competitor Insights - Penske Automotive, another company in the same industry, is expected to report quarterly earnings of $3.27 per share, reflecting a year-over-year increase of 2.5% [9] - Penske Automotive's revenues are anticipated to be $7.54 billion, up 1.2% from the previous year [10]