secwatch.observer — SEC 8-K summary
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Issuer:     LITHIA MOTORS INC (LAD)
CIK:        0001023128
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001023128-26-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023128/000102312826000031/0001023128-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023128/000102312826000031/lad-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001023128-26-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer