Movement Alert｜Lithia Motors Pre-Market Rise 6.5% in Pre-Market Trading, Q3 earnings and revenue beat expectations

Market Focus10-21

On October 21, Lithia Motors rose 6.5% in Pre-Market Trading, trading at $318.0 per share, with turnover of $308.6 thousand.

The move followed the company’s latest quarterly report, which showed third-quarter adjusted EPS of $10.34, above market expectations of about $9.70 to $9.77 and above $9.50 a year earlier, while revenue reached $9.947 billion, ahead of expectations near $9.728 billion to $9.75 billion and up from $9.68 billion a year earlier.

The reaction also stands out versus peers in Automotive Retail, where Carvana Co. rose 0.81%, O'Reilly fell 0.5%, CarMax fell 0.22%, and AutoZone and Penske were flat, indicating the share move was primarily driven by the earnings beat rather than a broad sector swing.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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