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Stock Alert: Lithia Motors Rises 6% On Q3 Prel. Earnings

Shares of automotive retailer, Lithia Motors, Inc. (LAD) are climbing more than 6% Thursday morning on third-quarter preliminary earnings, which came in better than the Street's view.

The company said it expects third-quarter net income per share to be between $6.10 and $6.40. This compares with $4.79 estimated by analysts polled by Thomson Reuters.

The stock is currently at $242.13. It has been trading in the range of $55.74- $278.14 in the past 52 weeks.

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