secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001023128-23-000145
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 Q3 revenue record $8.3B, EPS down 21% to $9.46; declares $0.50 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000145/0001023128-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312823000145/lad-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001023128-23-000145

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