{"schema_version":"secwatch.filing_event.v1","accession":"0001023128-26-000031","form_type":"8-K","ticker":"LAD","cik":"0001023128","company_name":"LITHIA MOTORS INC","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.823655+00:00","generated_at":"2026-05-15T01:31:45.119436+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Lithia Q1 revenue record $9.3B; adj EPS $7.34 down 7%; repurchased $259M shares","bullets":["Record Q1 revenue $9.3B (+1% YoY); GAAP diluted EPS $4.28 (down 46% YoY); adj diluted EPS $7.34 (down 7% YoY).","Used retail GPU up 9% sequentially; same-store used vehicle revenue +4.6%; aftersales revenue +3.8% with margin 58.7%.","Driveway Finance record originations $840M at 18% penetration; avg FICO 750.","Repurchased ~942k shares for $259M at avg $274.62; $362.9M remains under authorization.","Board declared $0.57/share dividend payable May 22, 2026 to holders of record May 8."],"urls":{"canonical":"https://secwatch.observer/filing/0001023128-26-000031","json":"https://secwatch.observer/filing/0001023128-26-000031.json","markdown":"https://secwatch.observer/filing/0001023128-26-000031.md","text":"https://secwatch.observer/filing/0001023128-26-000031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023128/000102312826000031/0001023128-26-000031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023128/000102312826000031/lad-20260429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:31:45.119436+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9d6a8fb65cd86151ce88d92090f3f84595f6171c","claim":"LITHIA MOTORS INC reported the first quarter of 2026 results: revenue $9.3 billion, net income $102.0 million, EPS $4.28.","evidence_excerpt":"EX-99.1 (EX-99.1) --- Lithia & Driveway (LAD) Reports First Quarter Results ________________________________________________ Key Highlights • Record first quarter revenues of $9.3 billion • Used vehicle revenue increased 4.6% on a same store basis in the quarter • Used retail GPUs increased 9% , or $133 , sequentially • Aftersales revenue increased 3.8%, gross","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1023128/000102312826000031/0001023128-26-000031-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2026"},{"label":"Revenue","value":"$9.3 billion"},{"label":"Net income","value":"$102.0 million"},{"label":"EPS","value":"$4.28"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}