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386.16
1.24%
-4.83
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Why is Lithia Motors Inc (LAD) Stock down?
We've noticed a 5.13% decline in Lithia Motors Inc (LAD) stock during the 2024-09-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
25 Oct, 2023:
Shares of Lithia Motors, Inc. (LAD) dropped by 6.06% from $249.49 to $234.38 in the trading on Wednesday, October 25, 2023. The reason why LAD stock down is due to its worse-than-expected third-quarter earnings. Lithia Motors reported earnings per share of $9.25 for Q3 2023, falling short of the Zacks Consensus Estimate of $9.97 per share. This represented a decline from earnings of $11.08 per share in the previous year. The stock's immediate price movement will likely depend on management's commentary during the earnings call, given the earnings miss.
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