secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001023128-24-000047
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 reports record Q1 revenue of $8.6B; EPS down 29% to $5.89
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000047/0001023128-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000047/lad-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001023128-24-000047

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