secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001023128-22-000054
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lithia posts record Q1 revenue $6.7B (+54%), EPS $11.55 (+99%), dividend $0.42
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- Revenue $6.7B (+54% YoY); EPS $11.55 (+99%); adjusted EPS $11.96 (+103%).
- Driveway hits 1M monthly unique visitors; March transactions 3,100; quarterly transactions up >1,000%.
- F&I per unit up 28.6% to $2,260; service/body/parts revenue +55.4%.
- Acquired 3 Stellantis stores in Las Vegas (~$400M annual revenue); YTD acquisitions $1.1B annualized.
- Dividend raised to $0.42/share (payable May 27); $572M remaining share repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312822000054/0001023128-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312822000054/lad-20220420.htm
  HTML page:      https://secwatch.observer/filing/0001023128-22-000054

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