Overview
Lithia & Driveway Q3 revenue of $9.68 bln beats analyst expectations
Adjusted EPS for Q3 beats consensus, reflecting strong operational performance
Company repurchased 5.1% of outstanding shares in Q3
Q3 adjusted results exclude a $0.89 per diluted share impact resulting from non-core items
Outlook
Company did not provide specific guidance for future quarters or full year in its press release
Result Drivers
SAME-STORE SALES GROWTH - Co reports 7.7% increase in same-store revenue, with used retail revenue up 11.8%
AFTERSALES PROFITABILITY - Aftersales gross profit rose 9.1% on a same-store basis
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $9.68 bln | $9.45 bln (10 Analysts) |
Q3 Adjusted EPS | Beat | $9.50 | $8.51 (10 Analysts) |
Q3 EPS | $8.61 | ||
Q3 Adjusted Net Income | Beat | $241 mln | $220.26 mln (8 Analysts) |
Q3 Dividend | $0.55 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Lithia Motors Inc is $385.00, about 19% above its October 21 closing price of $311.87
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nPn6Nrl3Na
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)