---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-24-000026"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T01:55:20.113757+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors Q4 revenue $7.7B (+10%), EPS $7.74 (-14%); declares $0.50 dividend

## Summary
- Q4 revenue $7.7B (+10% YoY); net income $216M (-13%); diluted EPS $7.74 (-14%).
- Adjusted Q4 EPS $8.24 (-9%); includes $0.21 unrealized FX gain.
- Full year 2023 revenue $31.0B (record); net income $1.0B; diluted EPS $36.29.
- Board declares $0.50/share dividend payable March 22, 2024 to holders of record March 9.
- Q4 share repurchases: 142,700 shares at avg $240.81; ~$467M remaining authorization.

## SEC filing metadata
- accession: 0001023128-24-000026
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2024-02-14T23:59:59+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/1023128/000102312824000026/0001023128-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000026/lad-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-24-000026
- JSON: https://secwatch.observer/filing/0001023128-24-000026.json
- Plain text: https://secwatch.observer/filing/0001023128-24-000026.txt

## Key facts
- Earnings Releases
  LITHIA MOTORS INC reported full year 2023 results: EPS $36.86.
  - Period: full year 2023
  - EPS: $36.86
  - Result: reported results
  source text: Full year 2023 revenue increased 10% to a record $31.0 billion from $28.2 billion in 2022. Full year 2023 net income attributable to LAD per diluted share decreased 18% to $36.29 from $44.17 for 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000026/0001023128-24-000026-index.htm
- Earnings Releases
  LITHIA MOTORS INC reported full year 2023 results: EPS $36.86.
  - Period: full year 2023
  - EPS: $36.86
  - Result: reported results
  source text: Adjusted net income attributable to LAD per diluted share decreased 17% to $36.86 from $44.42 for 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000026/0001023128-24-000026-index.htm
- Earnings Releases
  LITHIA MOTORS INC reported fourth quarter of 2023 results: net income $230 million.
  - Period: fourth quarter of 2023
  - Net income: $230 million
  - Result: reported results
  source text: Adjusted fourth quarter 2023 net income attributable to LAD per diluted share was $8.24, a 9% decrease compared to $9.05 per diluted share in the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000026/0001023128-24-000026-index.htm
- Earnings Releases
  LITHIA MOTORS INC reported fourth quarter of 2023 results: net income $230 million.
  - Period: fourth quarter of 2023
  - Net income: $230 million
  - Result: reported results
  source text: Adjusted fourth quarter 2023 net income was $230 million, a 8% decrease compared to adjusted net income of $251 million for the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000026/0001023128-24-000026-index.htm

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