---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-23-000113"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:08:21.699605+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors Q2 revenue $8.1B (+12%), EPS $10.78 (-7%), declares $0.50 dividend

## Summary
- Revenue $8.1B (+12% YoY); diluted EPS $10.78 (-7%), adjusted EPS $10.91 (-10%).
- Acquired 14 locations expected to add ~$1.5B annualized revenue; divested 3 stores.
- DFC originated $558M in loans; service/body/parts revenue up 18%.
- Dividend $0.50/share payable Aug 25, record Aug 11.
- Total vehicle gross profit per unit $5,710, down $853; adjusted SG&A 60.4% of gross profit.

## SEC filing metadata
- accession: 0001023128-23-000113
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2023-07-26T23:59:59+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/1023128/000102312823000113/0001023128-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000113/lad-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-23-000113
- JSON: https://secwatch.observer/filing/0001023128-23-000113.json
- Plain text: https://secwatch.observer/filing/0001023128-23-000113.txt

## Key facts
- Earnings Releases
  LITHIA MOTORS INC reported second quarter 2023 results: revenue $8.1 billion, net income $301 million, EPS $10.78.
  - Period: second quarter 2023
  - Revenue: $8.1 billion
  - Net income: $301 million
  - EPS: $10.78
  - Result: reported results
  source text: Second quarter 2023 revenue increased 12% to $8.1 billion from $7.2 billion in the second quarter of 2022. Second quarter 2023 net income attributable to LAD per diluted share was $10.78, a 7% decrease from $11.60 per diluted share reported in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000113/0001023128-23-000113-index.htm

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