LITHIA MOTORS INC (LAD) Form 8-K — Oct 21, 2026
Lithia & Driveway (LAD) reported record Q3 2026 revenues of $9.9 billion, up 2.8% year over year, with diluted EPS of $13.22, a 54% increase. Adjusted diluted EPS rose 9% to $10.34, though adjusted net income of $229.3 million was down 5%, with the GAAP boost driven largely by an $88.8 million unrealized gain on its Pinewood Technologies investment. The company raised its quarterly dividend 7% to $0.75 per share (payable November 20 to holders of record November 6) and repurchased $85 million of stock in the quarter, cutting the diluted share count 12.7% year over year to 22.0 million.
Key figures
- Eps
- 13.22
- Net Income
- 292900000
- Revenue Yoy
- 2.8%
- Total Assets
- 26836000000
- Cash Position
- $1.4 billion (cash, equivalents, marketable securities, and revolver availability)
- Shares Outstanding
- 22000000
- Buybacks q3
- $85 million (~246,000 shares at weighted average $345)
- Net income yoy
- 34.0%
- Diluted eps yoy
- 54%
- Dividend increase
- 7%
- Dividend pay date
- 2026-11-20
- Dividend per share
- 0.75
- Dividend record date
- 2026-11-06
- Adjusted net income yoy
- -5%
- Adjusted diluted eps yoy
- 9%
- Share count reduction yoy
- -12.7%
- Buyback capacity remaining
- $535 million as of September 30, 2026
- Financing penetration rate
- 18.3%
- Adjusted net income q3 2026
- 229300000
- Net debt to adjusted ebitda
- 3.07x
- Record finance originations
- $937 million
- Adjusted diluted eps q3 2026
- 10.34
- Finance operations income q3
- 32300000
- Finance operations income yoy
- 69%
- Ytd acquired annualized revenues
- $1.17 billion
- October acquisition annualized revenue
- $250 million
AI analysis
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