Lithia Motors (LAD +5.9%) trades higher after clobbering the estimates of analysts with its Q1...

|About: Lithia Motors, Inc. (LAD)|By:, SA News Editor

Lithia Motors (LAD +5.9%) trades higher after clobbering the estimates of analysts with its Q1 report and raising its full-year earnings guidance to $2.45-$2.63 a share, from a prior view of $2.06-$2.16. The company takes the stance that Q1 results support its case that a multi-year recovery in new vehicle sales is ahead.