---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-23-000024"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T10:19:27.655730+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors Q4 revenue up 11% to $7.0B; diluted EPS $9.00 (-6%); credit facility expanded to $4.5B

## Summary
- Q4 revenue $7.0B (+11% YoY); GAAP diluted EPS $9.00 (-6%); adjusted diluted EPS $9.05 (-21%).
- Net income $250M (-15%); adjusted net income $251M (-28%).
- Credit facility increased from $3.75B to $4.5B, expandable to $5.5B subject to lender approval.
- Board declared $0.42/share dividend payable Mar 24, 2023 to holders of record Mar 10, 2023.
- Acquired 9 stores in Q4 expected to add >$560M annualized revenue; repurchased 174k shares at ~$198 avg.

## SEC filing metadata
- accession: 0001023128-23-000024
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000024/0001023128-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000024/lad-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-23-000024
- JSON: https://secwatch.observer/filing/0001023128-23-000024.json
- Plain text: https://secwatch.observer/filing/0001023128-23-000024.txt

## Key facts
- Earnings Releases
  LITHIA MOTORS INC reported FY 2022 results: revenue $28.2 billion, net income $1.3 billion, EPS $44.17.
  - Period: FY 2022
  - Revenue: $28.2 billion
  - Net income: $1.3 billion
  - EPS: $44.17
  - Result: reported results
  source text: Full year 2022 revenue increased 24% to a record $28.2 billion from $22.8 billion in 2021. Full year 2022 net income attributable to LAD per diluted share increased 21% to $44.17 from $36.54 for 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000024/0001023128-23-000024-index.htm
- Earnings Releases
  LITHIA MOTORS INC reported Q4 2022 results: revenue $7.0 billion, net income $250 million, EPS $9.00.
  - Period: Q4 2022
  - Revenue: $7.0 billion
  - Net income: $250 million
  - EPS: $9.00
  - Result: reported results
  source text: Fourth quarter 2022 revenue increased 11% to $7.0 billion from $6.3 billion in the fourth quarter of 2021. Fourth quarter 2022 net income attributable to LAD per diluted share was $9.00, a 6% decrease from $9.57 per diluted share reported in the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000024/0001023128-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.