Lithia Motors Q3 2024 Adj. EPS $8.21 Beats $7.60 Estimate, Sales $9.221B Miss $9.482B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lithia Motors reported Q3 2024 earnings per share of $8.21, surpassing the analyst estimate of $7.60. However, their sales of $9.221 billion fell short of the expected $9.482 billion, despite being an 11.41% increase from the previous year.
October 23, 2024 | 9:23 am
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Lithia Motors' Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $8.21 beat the $7.60 estimate, while sales of $9.221 billion missed the $9.482 billion estimate. Sales increased by 11.41% year-over-year.
The positive EPS surprise is offset by the sales miss, leading to a neutral short-term impact. The EPS beat indicates strong profitability, but the sales miss suggests potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100