LAD -16 to 191, sure getting crushed after the earnings miss, but the stock is very cheap even considering a few soft quarters ahead .... I'm holding, but not adding, since the stock may get even cheaper. Eventually I'll do some bottom fishing.
An aggressive share buyback has reduced share count by nearly 10% y/y.
briefing -
Lithia Motors misses by $0.82, reports revs in-line (207.36 ) :
Reports Q3 (Sep) earnings of $11.08 per share, $0.82 worse than the S&P Capital IQ Consensus of $11.90; revenues rose 18.2% year/year to $7.3 bln vs the $7.34 bln S&P Capital IQ Consensus.
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