To: Jenna who wrote (15188 ) 9/21/1998 3:50:00 AM From: TWICK Read Replies (2) | Respond to of 120523
LMTR - Up 14.46% from 10 3/8 on recent news release. This could be one to watch. Lithia Motors Sees 120% Higher Third Quarter Revenue and EPS in Excess of Wall Street Estimates biz.yahoo.com Chairman & CEO Sidney B. DeBoer said that he sees third quarter revenue rising an estimated 120% from the $85.6 million posted in the third quarter of 1997. DeBoer also said he expects Lithia to exceed Wall Street's earning estimates for the current third quarter which ends on September 30, 1998. According to the average estimate of analysts polled by First Call Corp., the company is expected to earn 32 cents a diluted share or 45% more than the 22 cents posted in the third quarter of 1997. Lithia is the leading publicly-owned automotive retailer in the western United States. With the completion of pending acquisitions, the company will operate 28 dealerships in California (14), Oregon (9), Nevada (3) and Washington (2), selling 23 brands of new vehicles through 56 franchises in 12 different cities. Lithia also sells used vehicles, arranges finance, warranty and credit insurance contracts, and provides vehicle maintenance and repair services at all of its locations. Since becoming a public company in December 1996, Lithia has acquired 23 stores with annual revenues of approximately $680 million, boosting its annual revenue run rate to over $820 million. Lithia had sales of $320 million in 1997. Its headquarters are in Medford, Oregon, and the site of Lithia's original group of dealerships. Website: lithia.com Stats: Q2 - biz.yahoo.com 52-Week Low $10.25 Recent Price $11.875 52-Week High $19.00 Market Capitalization $72.2M Shares Outstanding 6.08M Float 2.70M Total Debt/Equity (mrq) 0.27 Total Cash (mrq) $27.1M Shares Short as of Aug 10, 1998 0 Number of brokers recommending as: Strong Buy = 5 Moderate = 1 Earnings Growth: This Year (Dec 98) = 32.4 % Next Year (Dec 99) = 24.3 % Next 5 Years = 25.8 %