Lithia Motors, Inc. (LAD) SEC Filings & Earnings Calls
EquiReason read 12 Lithia Motors, Inc. SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Lithia Motors announces 7% increase to quarterly dividend to $0.75 per share, along with Q3 2026 earnings: record revenue $9.9B, diluted EPS $13.22 (+54% YoY), adjusted diluted EPS.
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
LADLithia Motors, Inc.Follow LAD — free
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- Market cap
- 6.5B
- P/E TTM
- 9.7
- Dividend yield
- 0.8%
- 52-week
- —
- Next earnings
- 9 Feb, in 108 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
21 Oct 20268-K · 2.02, 8.01Lithia Motors announces 7% increase to quarterly dividend to $0.75 per share, along with Q3 2026 earnings: record revenue $9.9B, diluted EPS $13.22 (+54% YoY), adjusted diluted EPS $10.34 (+9% YoY), share repurchases of $85M.open
Figures in the filing · each found in the filing text
| Revenue · consolidated · Q3-2026 | $9.90B | +2% y/y |
| Diluted earnings per share attributable to LAD · consolidated · Q3-2026 | $13.22 | +54% y/y |
| Adjusted diluted earnings per share attributable to LAD · consolidated · Q3-2026 | $10.34 | +9% y/y |
| Net income attributable to LAD · consolidated · Q3-2026 | $293M | +34% y/y |
| Adjusted net income attributable to LAD · consolidated · Q3-2026 | $229M | -5% y/y |
| Used retail GPU · Used vehicle · Q3-2026 | $197.00 | +11% y/y |
| Aftersales gross margin (same-store) · Aftersales · Q3-2026 | 59.5% | |
| Financing Operations income · Financing Operations · Q3-2026 | $32M | +69% y/y |
| Financing Operations originations · Financing Operations · Q3-2026 | $937M | |
| Financing Operations penetration rate · Financing Operations · Q3-2026 | 18.3% |
Guidance
Earnings power of model continues to build as we head into 2027
Positive outlook with continued earnings growth, share repurchase tailwind, and strong balance sheet flexibility.
Risks flagged
Adjusted net income decreased 5% YoY despite revenue growth, indicating margin pressure from non-core items.
“adjusted net income for the third quarter 2026 was $229.3 million, an 5% decrease compared to adjusted net income of $240.9 million for the same period of 2025.” · word for word
Unrealized gain on investment in Pinewood Technologies Group PLC creates volatility in GAAP earnings.
“After adjusting for the unrealized gain on our investment in Pinewood Technologies Group PLC and other non-core items” · word for word
25 Sep 20268-K · 5.02Heidi L. O'Neill resigned from the Board of Lithia Motors for personal reasons, effective September 25, 2026. No disagreement with the company.open
Risks flagged
Loss of board member may reduce diversity of experience, but low impact given personal reasons.
“resignation is for personal reasons” · word for word
29 Jul 20268-K · 2.02, 8.01Revenue $9.80B (+2% y/y); Diluted earnings per share $11.54 (+17% y/y); Adjusted diluted earnings per share $10.03 (+9% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $9.80B | +2% y/y |
| Diluted earnings per share · Q2-2026 | $11.54 | +17% y/y |
| Adjusted diluted earnings per share · Q2-2026 | $10.03 | +9% y/y |
| Net income · Q2-2026 | $262M | +1% y/y |
| Adjusted net income · Q2-2026 | $228M | -6% y/y |
| Financing Operations income · Financing Operations · Q2-2026 | $37M | +80% y/y |
| Financing Operations originations · Financing Operations · Q2-2026 | $884M | |
| Dividend per share · Q2-2026 | $0.70 | +23% y/y |
Risks flagged
Adjusted net income declined 6% YoY despite revenue growth, indicating margin pressure from non-core items.
“Adjusted net income $227.6M vs $240.9M in Q2 2025, a 6% decrease.”
29 Jul 202610-QLithia Motors reported Q2 2026 results with total revenue up 2.2% YoY but same-store revenue down 1.6%, new vehicle margins declining, and aftersales growth partially offsetting.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q2-2026 | $9.79B | +2% y/y |
| Total gross profit · Q2-2026 | $1.50B | +1% y/y |
| Total gross profit margin · Q2-2026 | 15.3% | |
| New vehicle gross profit margin · New vehicle · Q2-2026 | 5.9% | |
| New vehicle gross profit per unit · New vehicle · Q2-2026 | $2728.00 | -12% y/y |
| Used vehicle retail gross profit per unit · Used vehicle · Q2-2026 | $2014.00 | +5% y/y |
| Aftersales gross profit margin · Aftersales · Q2-2026 | 59.3% | |
| New vehicle units sold · New vehicle · Q2-2026 | 104,089 | +3% y/y |
| Used vehicle retail units sold · Used vehicle · Q2-2026 | 106,114 | -3% y/y |
| Finance and insurance income · Finance and insurance · Q2-2026 | $366M | -2% y/y |
Risks flagged
New Vehicle Margin Normalization
“New vehicle gross profit decreased compared to 2025 due to continued normalization of margins .” · word for word
SG&A Cost Deleverage
“On a same store basis and excluding non-core charges, SG&A as a percentage of gross profit was 68.6% compared to 67.2% for the same period of 2025” · word for word
Used Vehicle Volume Decline
“Same store used vehicle retail unit volume decreased 6.1%”
29 Apr 202610-QTotal revenues $9.27B (+1% y/y); Net income attributable to Lithia Motors, Inc. $100M (-52% y/y); New vehicle revenue $4.38B (-4% y/y)open
Figures in the filing · each found in the filing text
| Total revenues · Q1-2026 | $9.27B | +1% y/y |
| Net income attributable to Lithia Motors, Inc. · Q1-2026 | $100M | -52% y/y |
| New vehicle revenue · New vehicle · Q1-2026 | $4.38B | -4% y/y |
| Used vehicle revenue · Used vehicle · Q1-2026 | $3.49B | +7% y/y |
| Aftersales revenue · Aftersales · Q1-2026 | $1.04B | +6% y/y |
| Total gross profit · Q1-2026 | $1.42B | +1% y/y |
| New vehicle gross profit margin · New vehicle · Q1-2026 | 5.9% | |
| Same-store new vehicle unit volume · New vehicle · Q1-2026 | 90,671 | -7% y/y |
| Adjusted diluted EPS · Q1-2026 | $7.34 | -7% y/y |
| Free cash flow deployment - share repurchases · Q1-2026 | $297M | +107% y/y |
Risks flagged
New vehicle margin normalization
“New vehicle gross profit decreased compared to 2025 due to continued normalization of margins.” · word for word
SG&A deleverage
“SG&A as a percentage of gross profit was 73.0% for the three months ended March 31, 2026 compared to 67.5% for the same period of 2025” · word for word
Equity method investment volatility
“Other (expense) income, net in the three months ended March 31, 2026 decreased $68.4 million compared to the same period of 2025, primarily as a result of fair market value changes in our investment in Pinewood Technologies Group PLC.” · word for word
29 Apr 20268-K · 2.02, 8.01Revenue $9.30B (+1% y/y); Net income attributable to LAD $102M (-52% y/y); Adjusted net income $173M (-18% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $9.30B | +1% y/y |
| Net income attributable to LAD · Q1-2026 | $102M | -52% y/y |
| Adjusted net income · Q1-2026 | $173M | -18% y/y |
| Diluted EPS · Q1-2026 | $4.28 | -46% y/y |
| Adjusted diluted EPS · Q1-2026 | $7.34 | -7% y/y |
| Used vehicle same-store revenue growth · Used Vehicle · Q1-2026 | 4.6% | |
| Aftersales same-store revenue growth · Aftersales · Q1-2026 | 3.8% | |
| Aftersales gross margin · Aftersales · Q1-2026 | 58.7% | |
| Driveway Finance Corporation originations · Finance · Q1-2026 | $840M | |
| DFC penetration rate · Finance · Q1-2026 | 18.0% |
Risks flagged
Unrealized loss on Pinewood investment impacted GAAP earnings significantly.
“unrealized loss on our investment in Pinewood Technologies Group PLC” · word for word
Adjusted EPS down 7% YoY, indicating underlying earnings pressure despite revenue growth.
“adjusted diluted earnings per share ... a 7% decrease”
11 Mar 2026DEF 14ALithia Motors filed its definitive proxy statement (DEF 14A) for the 2026 annual meeting, disclosing executive compensation, governance, and 2025 performance.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $37.63B | +4% y/y |
| Net Income · FY2025 | $826M | +1% y/y |
| Earnings Per Share · FY2025 | $32.32 | +10% y/y |
| Capital Returned · FY2025 | $1.00B | +148% y/y |
| Shares Repurchased · FY2025 | 11.4% | |
| DFC Portfolio · Financing Operations · FY2025 | $4.80B | |
| DFC Profitability · Financing Operations · FY2025 | $75M | +733% y/y |
| Acquired Annualized Revenue · FY2025 | $2.40B | |
| Used Vehicle Same-Store Revenue Growth · Used Vehicle · FY2025 | 5.8% | |
| Aftersales Same-Store Gross Profit Growth · Aftersales · FY2025 | 9.4% |
Risks flagged
Gross Profit Per Unit Pressure
“Analysts have noted a trend of contracting gross profit per vehicle (GPU). New vehicle GPUs declined sequentially in Q3 2025.” · word for word
SG&A Cost Pressure
“Selling, General, and Administrative costs increased as a percentage of gross profit in Q3.” · word for word
Legal/Reputational Risk
“A wrongful death lawsuit was filed against a Texas Lithia dealership following a fatal car crash during a customer's test drive.” · word for word
4 Mar 20268-K · 1.01Lithia Motors amended its credit facility, extending maturity to 2031, adjusting floorplan and revolving credit allocations, and removing Simple SOFR Adjustment. No new borrowing or material change in total capacity.SEC ↗
25 Feb 202610-KRevenue $37.63B (+4% y/y); New Vehicle Gross Profit Per Unit $2,904.00 (-8% y/y); Aftersales Gross Margin 57.7open
Figures in the filing · each found in the filing text
| Revenue · Vehicle Operations · FY2025 | $37.63B | +4% y/y |
| New Vehicle Gross Profit Per Unit · Vehicle Operations · FY2025 | $2904.00 | -8% y/y |
| Aftersales Gross Margin · Vehicle Operations · FY2025 | 57.7% | |
| New Vehicle Units Sold · Vehicle Operations · FY2025 | 402,575 | -1% y/y |
| Used Vehicle Retail Units Sold · Vehicle Operations · FY2025 | 425,381 | +3% y/y |
| Financing Operations Interest Income · Financing Operations · FY2025 | $407M | +20% y/y |
| Available Liquidity · 2025-12-31 | $1.50B |
Risks flagged
Interest Rate Exposure
“As of December 31, 2025, 63% of our total debt was variable rate.” · word for word
Manufacturer Concentration
“New vehicles from five manufacturers, Honda, Toyota, Ford, BMW, and Stellantis, represent 25% of our sales.” · word for word
Credit Loss Risk in DFC
“Customers who finance a vehicle purchase or lease a vehicle through a DFC auto loan or lease may be unable to repay the loans.” · word for word
Agency Model Transition in UK
“Certain manufacturers, such as Honda, Volvo, Volkswagen, Mini, Mercedes-Benz and Smart, have already transitioned to an agency model in the United Kingdom.” · word for word
13 Feb 20268-K · 5.02Reported the departure of a director or principal officer (CEO/CFO change); filed financial statements and exhibits with this reportopen
Risks flagged
Potential disruption from leadership transition in technology function.
“Transition of key technology executive; core tech functions now report to CFO and Chief Customer Officer.”
11 Feb 20268-K · 2.02, 8.01Revenue $9.20B (+0% y/y); Diluted EPS $5.72 (-28% y/y); Adjusted Diluted EPS $6.74 (-12% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $9.20B | +0% y/y |
| Diluted EPS · Q4-2025 | $5.72 | -28% y/y |
| Adjusted Diluted EPS · Q4-2025 | $6.74 | -12% y/y |
| Net Income · Q4-2025 | $138M | -36% y/y |
| Adjusted Net Income · Q4-2025 | $162M | -21% y/y |
| Full Year Revenue · FY2025 | $37.63B | +4% y/y |
| Full Year Diluted EPS · FY2025 | $32.32 | +10% y/y |
| Full Year Adjusted Diluted EPS · FY2025 | $33.46 | +16% y/y |
| Used Revenue Growth (Same Store) · Used Vehicle · Q4-2025 | 6.1% | |
| Aftersales Revenue Growth (Same Store) · Aftersales · Q4-2025 | 10.9% |
24 Oct 202510-QLithia Motors reported Q3 2025 results with revenue +4.9% YoY, net income +4.7% YoY, and adjusted EPS +16.7% YoY, driven by acquisition growth and aftersales/F&I strength, but new vehicle margins continued to compress.earningsopen
Figures in the filing · each found in the filing text
| Total revenues · Q3-2025 | $9.68B | +5% y/y |
| Total gross profit · Q3-2025 | $1.47B | +3% y/y |
| Net income attributable to Lithia Motors, Inc. · Q3-2025 | $217M | +5% y/y |
| Adjusted diluted earnings per share · Q3-2025 | $9.50 | +17% y/y |
| Financing operations total interest margin · Financing Operations · Q3-2025 | 4.6% | |
| Free cash flow deployment: share repurchases · 9M-2025 | $662M | +142% y/y |
Risks flagged
New vehicle margin compression
“Same store new vehicle gross profit per unit decreased 10.8%, driven by a decrease in new vehicle gross profit margins of 90 bps.” · word for word
SG&A deleverage
“SG&A as a percentage of gross profit was 68.1% for the three months ended September 30, 2025 compared to 66.0% for the same period of 2024.” · word for word
Pinewood investment volatility
“Other (expense) income, net in the three months ended September 30, 2025 decreased $18.4 million compared to the same period of 2024, primarily as a result of fair market value changes in our investment in Pinewood Technologies Group PLC.” · word for word
Lithia Motors, Inc. — questions
- What did Lithia Motors, Inc. file recently?
- 12 SEC filings in the last 12 months. Latest: 8-K on 2026-10-21 — Lithia Motors announces 7% increase to quarterly dividend to $0.75 per share, along with Q3 2026 earnings: record revenue $9.9B, diluted EPS $13.22 (+54% YoY), adjusted diluted EPS $10.34 (+9% YoY), share repurchases of $85M.
Every figure on this page comes from Lithia Motors, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.