---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-23-000145"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:39:24.965223+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors Q3 revenue record $8.3B, EPS down 21% to $9.46; declares $0.50 dividend

## Summary
- Revenue $8.3B (+13% YoY); net income $265M (-20%); diluted EPS $9.46 (-21% from $11.92).
- Adjusted diluted EPS $9.25, down 17% YoY; foreign currency loss impacted EPS by $0.28.
- Total vehicle gross profit per unit $5,218, down $930 YoY; service/body/parts revenue up 18%.
- Acquired four stores (~$290M annualized revenue) and divested four stores (~$180M revenue) in Q3.
- Board declared $0.50 per share dividend, payable Nov 17 to holders of record Nov 10.

## SEC filing metadata
- accession: 0001023128-23-000145
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2023-10-25T23:59:59+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/1023128/000102312823000145/0001023128-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312823000145/lad-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-23-000145
- JSON: https://secwatch.observer/filing/0001023128-23-000145.json
- Plain text: https://secwatch.observer/filing/0001023128-23-000145.txt

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