---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-23-000064"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:16:03.663722+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors Q1 revenue up 4% to $7.0B; EPS falls 28% to $8.30; dividend raised to $0.50

## Summary
- Revenue $7.0B (+4% YoY); net income $230M (-33%); adjusted net income $233M (-34%).
- Diluted EPS $8.30 (GAAP) and $8.44 adjusted, down 28% and 29% YoY respectively.
- Acquired 37 locations expected to add $2B annualized revenue; entered UK via Jardine Motors.
- Board approved quarterly dividend increase to $0.50/share, payable May 26 to holders of record May 12.
- Driveway averaged 2.4M monthly unique visitors; DFC originated ~$630M in loans in Q1.

## SEC filing metadata
- accession: 0001023128-23-000064
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1023128/000102312823000064/0001023128-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000064/lad-20230419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-23-000064
- JSON: https://secwatch.observer/filing/0001023128-23-000064.json
- Plain text: https://secwatch.observer/filing/0001023128-23-000064.txt

## Key facts
- Earnings Releases
  LITHIA MOTORS INC reported Q1 2023 results: revenue $7.0 billion, net income $230 million, EPS $8.30.
  - Period: Q1 2023
  - Revenue: $7.0 billion
  - Net income: $230 million
  - EPS: $8.30
  - Result: reported results
  source text: First quarter 2023 revenue increased 4% to $7.0 billion from $6.7 billion in the first quarter of 2022. First quarter 2023 net income attributable to LAD per diluted share was $8.30, a 28% decrease from $11.55 per diluted share reported in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000064/0001023128-23-000064-index.htm

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