secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001023128-24-000095
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lithia Q2 record revenue $9.2B (+14% YoY); EPS down 27% to $7.87; $0.53 dividend
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- Revenue $9.2B (+14% YoY), record Q2; net income $217M ($7.87 diluted EPS), down 27% YoY.
- Financing operations (Driveway Finance) reported first profitable quarter with $7M income.
- Board declared $0.53 per share dividend, payable Aug 23 to holders of record Aug 9.
- Repurchased 793k shares in 2024 at avg $256; $613.8M remains under authorization.
- Acquired two stores in TN and one in Toronto; minority stake in Wheels, Inc. completed in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000095/0001023128-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000095/lad-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001023128-24-000095

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