Lithia Motors is a leading automotive retailer in the United States, specializing in the sale of new and used vehicles across various brands, alongside providing related services such as financing and vehicle maintenance
With a widespread presence in multiple states, the company operates an extensive network of dealerships that cater to a diverse customer base. Lithia Motors emphasizes a customer-centric approach and leverages innovative technology to enhance the car-buying experience, aiming to simplify the process and provide exceptional service. The company is committed to growth through acquisitions and expanding its dealership operations, while also promoting a culture of integrity and community involvement.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vehicle retailer industry, including Camping World (NYSECWH) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at vehicle retailer stocks, starting with Lithia (NYSELAD).
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the vehicle retailer stocks, including America's Car-Mart (NASDAQCRMT) and its peers.
What a fantastic six months it’s been for Lithia. Shares of the company have skyrocketed 43.6%, hitting $387. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Automotive retailer Lithia Motors (NYSELAD) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 11.4% year on year to $9.22 billion. Its non-GAAP profit of $8.21 per share was 8.1% above analysts’ consensus estimates.
Analysts at Morgan Stanley sparked a shakeup across auto stocks Wednesday as the firm moved to the sidelines on automakers and turned more positive on dealers and parts companies.
