---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-24-000047"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:11:47.163826+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Motors reports record Q1 revenue of $8.6B; EPS down 29% to $5.89

## Summary
- Revenue rose 23% YoY to $8.6B; GAAP diluted EPS fell 29% to $5.89, adjusted EPS $6.11.
- Net income of $165M (GAAP) and $171M (adjusted), down 28% and 27% respectively.
- Dividend of $0.53 per share declared, payable May 24, 2024 to record holders May 10.
- Year-to-date acquisitions total $5.4B in annualized revenues; repurchased ~58K shares at avg $264.42.
- Service, body, parts revenue up 24%; DFC originated $493M in loans; GreenCars MUVs up 71%.

## SEC filing metadata
- accession: 0001023128-24-000047
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2024-04-24T23:59:59+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/1023128/000102312824000047/0001023128-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000047/lad-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-24-000047
- JSON: https://secwatch.observer/filing/0001023128-24-000047.json
- Plain text: https://secwatch.observer/filing/0001023128-24-000047.txt

## Key facts
- Earnings Releases
  LITHIA MOTORS INC reported first quarter of 2024 results: revenue $8.6 billion, net income $165 million, EPS $5.89.
  - Period: first quarter of 2024
  - Revenue: $8.6 billion
  - Net income: $165 million
  - EPS: $5.89
  - Result: reported results
  source text: Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000047/0001023128-24-000047-index.htm

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