---
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"
generated_at: "2026-05-15T01:31:45.119436+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lithia Q1 revenue record $9.3B; adj EPS $7.34 down 7%; repurchased $259M shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023128-26-000031
- JSON: https://secwatch.observer/filing/0001023128-26-000031.json
- Plain text: https://secwatch.observer/filing/0001023128-26-000031.txt

## Key facts
- Earnings Releases
  LITHIA MOTORS INC reported the first quarter of 2026 results: revenue $9.3 billion, net income $102.0 million, EPS $4.28.
  - Period: the first quarter of 2026
  - Revenue: $9.3 billion
  - Net income: $102.0 million
  - EPS: $4.28
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1023128/000102312826000031/0001023128-26-000031-index.htm

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