Savvy Trades and Investments

[researcher59]

LAD -8.69 to 286.87, despite a slight earnings beat. I added a few shares this morning. Early last year the stock was over $400 and earnings are up 41% for the 1st half y/y .... the selloff in the stock seems overdone.

Net income attributable to LAD for the first six months of 2022 was $23.15 per diluted share, compared to $16.69 per diluted share in 2021, an increase of 39%. Adjusted net income attributable to LAD per diluted share for the first six months of 2022 increased 41% to $24.14 from $17.15 in the same period of 2021. Foreign currency exchange negatively impacted earnings per share by $0.12.

Lithia Motors is an auto dealership chain that's been steadily growing both internally and through acquisitions.

briefing -

Lithia Motors beats by $0.04, reports revs in-line (295.56 ) :

Reports Q2 (Jun) earnings of $12.18 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of $12.14; revenues rose 20.5% year/year to $7.24 bln vs the $7.22 bln S&P Capital IQ Consensus.