secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001023128-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000024/0001023128-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000024/lad-20230209.htm
  HTML page:      https://secwatch.observer/filing/0001023128-23-000024

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