secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0001023128-23-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000064/0001023128-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000064/lad-20230419.htm
  HTML page:      https://secwatch.observer/filing/0001023128-23-000064

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