DealershipForum.com - View Single Post - How are Lithia's L2 Stores doing in Texas?

XDCX · 02-05-2008, 09:25 AM

Given the interest in this thread I've added Lithia's stock symbol (LAD) to my watch list and occasionally monitor the stock on a Real Time Ticker.

The market was down this morning on renewed recession fears with the Dow Jones off about 2%. Lithia's stock, by contrast, was down as much as 13% at one time this morning.

Even more interesting was the spread between the Bid and the Ask - at some points the spread was 50 cents or more. I'm used to watching stocks that have spreads of just a penny or two.

Perhaps this is common for Lithia's stock - I haven't been following it that long. As I post this, LAD shares have made a nice rebound and have shaved $1 off of their $2 decline.

AutoNation reports earnings on Thursday - it will be interesting to hear their commentary on the Retail Car Business.

02-05-2008, 09:25 AM	#10
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	Interesting price action in LAD shares today Given the interest in this thread I've added Lithia's stock symbol (LAD) to my watch list and occasionally monitor the stock on a Real Time Ticker. The market was down this morning on renewed recession fears with the Dow Jones off about 2%. *Lithia's stock, by contrast, was down as much as 13% at one time this morning.* Even more interesting was the spread between the Bid and the Ask - at some points the spread was 50 cents or more. I'm used to watching stocks that have spreads of just a penny or two. Perhaps this is common for Lithia's stock - I haven't been following it that long. As I post this, LAD shares have made a nice rebound and have shaved $1 off of their $2 decline. AutoNation reports earnings on Thursday - it will be interesting to hear their commentary on the Retail Car Business.