LAD - My Thoughts On Lithia Motors' Fourth Quarter Earnings
Auto dealership stocks like Lithia Motors (LAD) have not been easy trades over the past few months. Most are in a downtrend and have not gone anywhere over the past few years while the stock market continued to reach new highs until Q4 of last year. Lithia's fourth quarter earnings did not help either as new car volumes continue to show weakness. All things considered, I am still sticking to the call I made in Q3 last year: stay away.
Source: Lithia Motors
Thoughts On Q4 & Beyond
First of all, fourth quarter