Lithia Beats Q3 Estimates With $9.95B Revenue and $10.34 Adjusted EPS
LAD sits 25% above its 52-week low of $239.78.
Summary
Lithia posted Q3 revenue of $9.95B, topping the $9.73B IBES estimate, with adjusted EPS of $10.34 versus $9.77 expected and adjusted net income of $229.3M against a $215.4M consensus. GAAP EPS came in at $13.22, and the company declared a $0.75 quarterly dividend, a 7% increase. Diluted earnings per share rose 54% and adjusted diluted earnings per share rose 9%. The beat follows a record Q2 in July ($9.8B revenue, $11.54 diluted EPS, up 17% year-over-year) and suggests the acquisition-driven growth model is still delivering above expectations. For a company with a roughly $6.6B market cap, a clean top- and bottom-line beat is material and should support the shares, though the Q2 print also flagged negative operating cash flow from heavy inventory investment — worth checking whether that reversed in this quarter's filing.
At the time of this announcement, LAD was trading at $300.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.6B. The 52-week trading range was $239.78 to $439.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.