Lithia Motors Q2 2024 Adj. EPS $7.87 Beats $7.03 Estimate, Sales $9.232B Miss $9.332B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lithia Motors reported Q2 2024 adjusted EPS of $7.87, beating the estimate of $7.03. However, sales were $9.232 billion, missing the estimate of $9.332 billion.
August 01, 2024 | 9:08 am
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NEUTRAL IMPACT
Lithia Motors reported mixed Q2 2024 results with an EPS of $7.87 beating estimates but sales of $9.232 billion missing expectations.
The mixed results, with EPS beating expectations but sales missing, may lead to a neutral short-term impact on the stock price. Investors may weigh the positive EPS against the negative sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100