Lithia Motors (NYSE:LAD)
Earnings Preview
Lithia Motors, a leading automotive retailer, is set to release its Q4 2023 earnings on [date]. Here's a summary of analysts' expectations:
Key Metrics
* Revenue: $9.03 billion (17.6% YoY growth)
* Adjusted EPS: $7.20 per share
Analysts' Commentary
Analysts have maintained their estimates in the past month, indicating confidence in Lithia's performance. The company has experienced mixed earnings performance in recent quarters, missing revenue expectations five times in the past two years.
Peers' Performance
Recent earnings reports from Lithia's peers provide insights:
* OneWater (ONEW): Revenue growth of 3.2% (11.7% above estimates)
* MarineMax (HZO): Revenue decline of 11.2% (3.7% below estimates)
Both OneWater and MarineMax saw share price gains following their results.
Investor Sentiment
Investors in the automotive and marine retail sector have remained cautious ahead of earnings, with share prices remaining relatively stable. Lithia's stock price has risen 5.4% in the past month and trades below its average analyst price target of $400.38.
Additional Factors
* Lithia's share repurchase activity could support its stock price.