Lithia Motors (NYSE:LAD) released its quarterly earnings results on Tuesday. The company reported $11.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.17 by $4.95, MarketWatch Earnings reports. Lithia Motors had a net margin of 3.96% and a return on equity of 25.27%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the company earned $3.72 earnings per share. The business’s quarterly revenue was up 117.8% compared to the same quarter last year.
LAD traded up $4.79 during midday trading on Thursday, reaching $375.92. 16,807 shares of the company’s stock were exchanged, compared to its average volume of 488,693. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 0.71 and a beta of 1.80. The company has a quick ratio of 0.37, a current ratio of 1.26 and a debt-to-equity ratio of 0.76. Lithia Motors has a one year low of $189.20 and a one year high of $417.98. The company’s 50-day moving average is $344.10.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Shareholders of record on Friday, August 13th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, August 12th. Lithia Motors’s dividend payout ratio is 7.70%.
Lithia Motors Company Profile
Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts.
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