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Lithia Motors, Inc. (NYSE:LAD) shares are trading higher after the company reported better-than-expected Q2 EPS and sales results.
Lithia Motors reported quarterly earnings of $11.12 per share which beat the analyst consensus estimate of $5.85. The company reported quarterly sales of $6.01 billion which beat the analyst consensus estimate of $4.99 billion.
Lithia Motors is a retailer of new and used vehicles and related services. The company offers 33 brands of vehicles at over 200 stores in 22 states.
Lithia Motors' stock was trading about 5.5% higher at $375 per share on Wednesday at the time of publication. The stock has a 52-week high of $417.98 and a 52-week low of $189.20.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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