Lithia (LAD) reports mixed first-quarter results and hikes the dividend to 53 cents per share from 50 cents.
Lithia Motors, Inc. (NYSE:LAD) Q1 2024 Earnings Call Transcript April 24, 2024 Lithia Motors, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Greetings, and welcome to Lithia Motors First Quarter 2024 Earnings Conference Call. At this time, all participants […]
Following a tough outing for its first-quarter earnings, new and used car dealership Lithia Motors (NYSE:LAD) saw its shares stumble more than 6% on Wednesday. However, ongoing economic challenges suggest that LAD stock could suffer from even more downside price action. Lithia reported Q1 profit of $162.6 million. On an adjusted basis, earnings came out to $6.11 per share. Unfortunately, this figure missed Wall Street’s consensus target of $7.85 per share. On the top line, the auto dealership ge