---
schema_version: "secwatch.filing_event.v1"
accession: "0001023128-24-000117"
form_type: "8-K"
ticker: "LAD"
cik: "0001023128"
company_name: "LITHIA MOTORS INC"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T10:54:02.847199+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lithia Q3 revenue record $9.2B (+11% YoY), but EPS falls 18% to $7.80

## Summary
- Diluted EPS $7.80 vs $9.46 YoY; adjusted EPS $8.21 vs $9.22, down 11%.
- Net income $223M, down 16% from $265M; revenue rose 11% to $9.2B.
- Aftersales same-store gross profit +6.3%; DFC originated $518M loans, portfolio $3.8B.
- Board declared $0.53/sh dividend, payable Nov 15 to holders of record Nov 8.
- Repurchased 0.7% of shares in Q3; ~$561M remaining under buyback authorization.

## SEC filing metadata
- accession: 0001023128-24-000117
- form_type: 8-K
- ticker: LAD
- cik: 0001023128
- company_name: LITHIA MOTORS INC
- filed_at: 2024-10-23T23:59:59+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/1023128/000102312824000117/0001023128-24-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023128/000102312824000117/lad-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-24-000117
- JSON: https://secwatch.observer/filing/0001023128-24-000117.json
- Plain text: https://secwatch.observer/filing/0001023128-24-000117.txt

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