secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001023128-24-000117
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000117/0001023128-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312824000117/lad-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001023128-24-000117

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