Lithia Motors (LAD) Gains But Lags Market: What You Should Know

Lithia Motors (LAD) Gains But Lags Market: What You Should Know
This story originally appeared on Zacks

In the latest trading session, Lithia Motors (LAD) closed at $286.29, marking a +1.72% move from the previous day. This move lagged the S&P 500’s daily gain of 1.78%. At the same time, the Dow added 1.61%, and the tech-heavy Nasdaq gained 0.95%.

Lithia Motors (LAD) Gains But Lags Market: What You Should Know – Zacks

Coming into today, shares of the auto dealership chain had lost 4.54% in the past month. In that same time, the Retail-Wholesale sector lost 8.03%, while the S&P 500 lost 2.63%.

Lithia Motors will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $9.87, up 80.77% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $6.39 billion, up 62.1% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting…

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