LAD - Lithia Motors: I Dislike The Risk/Reward After A 60% Rally
It's time to discuss Lithia Motors (LAD), one of America's largest car dealerships with both significant new and used vehicle exposure just reported its first-quarter earnings. The Oregon-based corporation was able to beat both guidance and analyst expectations but saw a significant decline in new car sales. While used cars were able to take some pressure off the company's bottom line, we are increasingly facing a situation where imploding consumer sentiment and a contracting economy will hurt the company's financials. While the stock has recovered 60% from its bottom after losing 60%, I do