Lithia & Driveway (LAD) Reports Third Quarter Results, Achieves 54% Increase in Diluted Earnings Per Share, 9% Increase in Adjusted Diluted Earnings Per Share, and Raises Quarterly Dividend 7%
Lithia & Driveway reported record Q3 2026 revenue of $9.9 billion, up 2.8% year-over-year, with GAAP diluted EPS of $13.22 up 54% and adjusted EPS of $10.34 up 9%. The headline EPS surge was amplified by a 12.7% lower share count from buybacks ($85M repurchased in Q3, 8.7% of shares in 2026) and a $65.1M after-tax unrealized gain on Pinewood Technologies; adjusted net income actually fell 5% year-over-year. Financing Operations income jumped 69% to $32.3 million on record originations of $937 million, and aftersales gross margin expanded 100bps to 59.5% on a same-store basis.
Key figures
- Eps
- 13.22
- Revenue Yoy
- 2.8%
- Net income
- 292900000
- Q3 buyback
- $85 million (1.1% of shares)
- Net income yoy
- 34.0%
- Adjusted eps yoy
- 9%
- Dividend increase
- 7%
- Quarterly dividend
- 0.75
- Share count change
- -12.7% YoY
- Adjusted net income
- 229300000
- Record originations
- 937000000
- Adjusted diluted eps
- 10.34
- Adjusted net income yoy
- -5%
- Aftersales gross margin
- 59.5%
- Finance operations income
- 32300000
- Net debt to adjusted ebitda
- 3.07x
- Finance operations income yoy
- 69%
- Remaining buyback authorization
- 535000000
- Ytd acquired annualized revenues
- $1.17 billion
AI analysis
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