Revenue Update on Lithia Motors Inc(NYSE:LAD)

Lithia Motors Inc(NYSE:LAD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.13B. Analysts estimated a revenue of $2.18B. Earnings per share were $1.96. Analysts had estimated an EPS of $1.94.

Lithia Motors Inc (LAD) made into the market gainers list on Thursdays trading session with the shares advancing 0.05% or 0.04 points. Due to strong positive momentum, the stock ended at $83.83, which is also near the day’s high of $85.985. The stock began the session at $83.53 and the volume stood at 2,10,534 shares. The 52-week high of the shares is $126.56 and the 52 week low is $68.7. The company has a current market capitalization of $2,109 M and it has 2,51,63,552 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Sidney B Deboer (director) sold 229 shares at $85.00 per share price.Also, On Apr 27, 2016, Thomas R Becker (director) purchased 140 shares at $83.97 per share price.On Nov 25, 2015, Kenneth E Roberts (director) sold 1,500 shares at $123.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Lithia Motors Inc. is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic Import and Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler General Motors and Ford. Its Import segment includes retail automotive franchises that sell new vehicles of Honda Toyota Subaru Nissan and Volkswagen. The Luxury segment consists of retail automotive franchises that sell new vehicles of BMW Mercedes-Benz and Lexus. Its segment franchises sell used vehicles parts and automotive services and automotive finance and insurance products. Its operations involve the use handling storage and contracting for recycling and disposal of materials such as motor oil and filters transmission fluids antifreeze refrigerants paints thinners batteries cleaning products lubricants degreasing agents tires and fuel.

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