Auto Stock Roundup: GPI, PAG & LAD Beat On Earnings, Ford To Rev Up SUV Production
Zacks Investment Research | Feb 15, 2018 03:57AM ET
The earnings for the quarter ending on Dec 31, 2017, are still going on. Some auto companies have reported their quarterly results last week including Group 1 Automotive Inc. (NYSE:GPI) , Penske Automotive Group, Inc. (NYSE:PAG) and Lithia Motors Inc. (NYSE:LAD) . Both the quarterly earnings and revenues for these companies surpassed the Zacks Consensus Estimates. On the basis of the year-over-year performance, both earnings and revenues came in higher.
Earnings apart, Ford Motor Company (NYSE:F) Daimler AG Signals Supply Chain Risks with Shift to EVs ).
Daimler carries a Zacks Rank #2.
5. Lithia Motors reported adjusted earnings per share of $2.15 in the fourth-quarter of 2017, increasing from $1.86 in the prior-year quarter. The bottom line surpassed the Zacks Consensus Estimate of $2.1.
Reportedly, adjusted net income rose 15% to $54 million from $47 million in the year-ago quarter.
Revenues in the reported quarter were $2.7 billion, up from $2.3 billion in the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $2.68 billion.
Revenues from new vehicle retail rallied 21% to $1.62 billion in the quarter. New vehicle retail sales volume expanded 17.3% to 45,202 units.
Used vehicle retail revenues increased 12.4% to $629.3 million in the quarter, whereas revenues from used vehicle wholesale increased 2.3% to $71.1 million. Used vehicle retail sales volume improved 12.3% to 32,242 units.
Revenues from service body and parts went up 18.9% to $271.5 million. The company’s finance and insurance business recorded a 22.1% rise in revenues to $103.2 million. Revenues from fleet and others surged 32.7% to $15.19 million.
Gross profit climbed 18.3% to $396 million in the reported quarter, from $334.8 million in the year-ago quarter.
Lithia Motors sports a Zacks Rank #1.
Performance
Last week, all these stocks reported a decline in share price. The steepest decline was witnessed by Tesla.
In the last six months, the maximum rise was witnessed by AutoZone (NYSE:AZO), while Tesla shares declined the most.
| Company | Last Week | Last 6 Months |
| GM | -1.4% | 17.7% |
| F | -0.2% | -0.9% |
| TSLA | -6.6% | -11% |
| TM | -1% | 19.6% |
| HMC | -1.7% | 26.8% |
| HOG | -0.4% | 0.5% |
| AAP | -0.8% | 25.2% |
| AZO | -1% | 39.6% |
What’s Next in the Auto Space?
Watch out for the earnings releases and other developments in the sector in the coming days.
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