Lithia & Driveway (LAD) Reports Third Quarter Results, Achieves 54% Increase in Diluted Earnings Per Share, 9% Increase in Adjusted Diluted Earnings Per Share, and Raises Quarterly Dividend 7%
Adjusted net income declined 5% even as adjusted earnings per share increased 9%, alongside share repurchases and a higher dividend.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Lithia & Driveway (NYSE: LAD) reported third-quarter 2026 diluted earnings per share of $13.22, up 54% year over year. Revenue increased 2.8% to $9,946.7 million, while net income rose 34.0% to $292.9 million. Adjusted diluted earnings per share increased 9% to $10.34, but adjusted net income declined 5% to $229.3 million; adjustments excluded an unrealized Pinewood Technologies investment gain and other non-core items.
Same-store revenue fell 1.4%, and operating income declined 0.3%. Financing operations income increased 69.1% to $32.3 million. The quarterly dividend rose 7% to $0.75 per share, with payment expected November 20 to holders of record November 6, 2026. Quarterly repurchases totaled $85 million. October acquisitions added four Memphis dealerships with expected annualized revenue of $250 million. Available liquidity was approximately $1.4 billion at quarter-end.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThird-quarter revenue increased 2.8% to $9,946.7 million year over year.
- Moderate pointThird-quarter diluted earnings per share rose 54% to $13.22 year over year.
- Moderate pointThird-quarter net income increased 34.0% to $292.9 million year over year.
- Moderate pointThird-quarter adjusted diluted earnings per share increased 9% to $10.34 year over year.
- Moderate pointYear-to-date repurchases represented 8.7% of outstanding shares; approximately $535 million in authorization remained September 30, 2026.
18 minor points
- Minor pointFinancing operations income increased 69.1% to $32.3 million in the third quarter year over year.
- Minor pointFinancing originations reached $937 million, with an 18.3% penetration rate in the third quarter.
- Minor pointUsed retail gross profit per vehicle increased 11.1% to $1,970 in the third quarter year over year.
- Minor pointSame-store aftersales gross profit increased 2.4%; margin rose 100 basis points to 59.5% year over year.
- Minor pointThird-quarter new-vehicle revenue increased 1.6% to $4,868.6 million year over year.
- Minor pointThird-quarter used-vehicle revenue increased 4.8% to $3,630.1 million year over year.
- Minor pointThird-quarter aftersales revenue increased 4.3% to $1,086.6 million year over year.
- Minor pointThird-quarter new-vehicle sales increased 1.1% to 105,471 vehicles year over year.
- Minor pointThird-quarter used retail sales increased 0.6% to 109,791 vehicles year over year.
- Minor pointThird-quarter other interest expense decreased 7.6% to $63.1 million year over year.
- Minor pointQuarterly dividend increased 7% to $0.75 per share, with payment expected November 20, 2026.
- Minor pointThird-quarter repurchases totaled $85 million, covering approximately 246,000 shares at a weighted average price of $345.
- Minor point. Forward-looking: it has not happened yet and may not happen.Third-quarter acquisitions added two stores expected to generate $150 million in annualized revenue.
- Minor point. Forward-looking: it has not happened yet and may not happen.October Memphis acquisitions added two Hyundai and two Kia stores, with $250 million expected annualized revenue.
- Minor pointNine-month revenue increased 2.0% to $29,009.4 million year over year.
- Minor pointNine-month diluted earnings per share increased 8.9% to $28.77 year over year.
- Minor pointNine-month adjusted diluted earnings per share increased 4% to $27.61 year over year.
- Minor pointNine-month financing operations income increased 74.1% to $90.0 million year over year.
Negative
- Moderate pointThird-quarter adjusted net income declined 5% to $229.3 million year over year.
- Moderate pointThird-quarter same-store revenue decreased 1.4% to $9,400.6 million year over year.
- Minor pointThird-quarter operating income declined 0.3% to $420.2 million year over year.
- Minor pointThird-quarter gross margin fell 20 basis points to 15.0% year over year.
- Minor pointThird-quarter finance and insurance revenue decreased 4.5% to $361.4 million year over year.
12 minor points
- Minor pointThird-quarter new-vehicle gross profit per vehicle declined 5.7% to $2,635 year over year.
- Minor pointThird-quarter finance and insurance gross profit per vehicle declined 4.7% to $1,733 year over year.
- Minor pointThird-quarter selling, general and administrative expense increased 3.8% to $1,036.3 million year over year.
- Minor pointThird-quarter depreciation and amortization increased 9.3% to $71.6 million year over year.
- Minor pointThird-quarter inventory financing interest expense increased 21.6% to $70.3 million year over year.
- Minor pointThird-quarter income tax rate increased to 25.1% from 22.5% a year earlier.
- Minor pointThird-quarter divestitures removed two stores representing $115 million in annualized revenue.
- Minor pointNine-month net income declined 4.6% to $656.6 million year over year.
- Minor pointNine-month operating income declined 3.9% to $1,204.2 million year over year.
- Minor pointNine-month same-store revenue decreased 1.5% to $27,375.2 million year over year.
- Minor pointNine-month new-vehicle sales decreased 0.3% to 304,347 vehicles year over year.
- Minor pointNine-month new-vehicle gross profit per vehicle declined 8.3% to $2,699 year over year.
News Explained
The CEO now holds both chief executive and board-chair roles, while the lead independent director remains in place.
Lithia & Driveway reported third-quarter results, with diluted EPS up
The company says the lower share count magnified earnings per share; the reported EPS increase outpaced net-income growth and is not the same rate of growth in total profit.
The board’s appointment of CEO Bryan B. DeBoer as chairman took effect
Key Figures
- Revenue
- $9.9 billion (+3%)
- Third quarter 2026, year over year
- Diluted EPS
- $13.22 (+54%)
- Third quarter 2026, year over year
- Adjusted diluted EPS
- $10.34 (+9%)
- Third quarter 2026, year over year
- Net income
- $292.9 million (+34%)
- Third quarter 2026, year over year
- Adjusted net income
- $229.3 million (-5%)
- Third quarter 2026, year over year
- Quarterly dividend
- $0.75 per share (+7%)
- Approved in connection with third quarter 2026 results
- Share repurchases
- $85 million
- Third quarter 2026
Previous Dividends,earnings Reports
-
Q2 revenue rose 2%, diluted EPS rose 17%, and the dividend increased 23% to $0.70.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
gaap financial
non-gaap financial
unrealized gain financial
originations financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Key Highlights
- Record third quarter revenues of
$9.9 billion - Used retail GPUs increased
$197 , or11% , year over year - Aftersales gross profit increased by
2.4% and gross margin was59.5% , a 100-basis point increase, on a same-store basis - Financing Operations income of
$32.3 million , a69% increase year over year, with record originations of$937 million , and a18.3% penetration rate - Third quarter diluted earnings per share of
$13.22 , a54% increase, and adjusted diluted earnings per share of$10.34 , a9% increase - Repurchased
$85 million of shares, representing1.1% of outstanding shares in the quarter, and8.7% of outstanding shares in 2026 - Announced a
7% increase to quarterly dividend
MEDFORD, Ore., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD), the largest global automotive retailer, today reported financial results for the third quarter of 2026.
"Our people and our ecosystem set Lithia & Driveway apart again this quarter, delivering record quarterly revenues and continued growth in earnings per share. Used vehicle profitability strengthened, aftersales margins expanded, cost discipline continued, and Financing Operations delivered strong income growth on the strength of a high-quality credit portfolio," said Bryan DeBoer, President and CEO. "The capital decisions of the past year are reflected in our financial results, with a meaningfully lower share count magnifying every dollar we earn. With the flexibility of our cash generation and strong balance sheet, the earnings power of our model continues to build as we head into 2027.”
Third Quarter 2026 Operational Summary
Third quarter 2026 revenue increased
Third quarter 2026 diluted earnings per share attributable to LAD was
Third quarter 2026 net income was
The financial measures discussed in this release include both GAAP and non-GAAP measures. See “Reconciliation of Certain Non-GAAP Measures”.
For the first nine months of 2026 revenues increased
Diluted earnings per share attributable to LAD for the first nine months of 2026 was
Corporate Development
In the third quarter of 2026, LAD acquired two stores, which are expected to generate
In October 2026, LAD continued to expand its network in the Southeast region with the acquisition of two Hyundai and two Kia stores in Memphis, TN. These additions add
LAD has acquired
Balance Sheet Update
LAD ended the third quarter with approximately
Dividend Payment and Share Repurchases
The Board of Directors approved a dividend of
During the third quarter of 2026, we repurchased approximately 246,000 shares at a weighted average price of
Board of Directors Update
The Board of Directors has appointed Bryan B. DeBoer, our President and Chief Executive Officer, as Chairman of the Board, effective October 19, 2026. In this expanded role, Bryan DeBoer will serve as both Chairman and Chief Executive Officer, promoting communication and collaboration between management and the Board. Mr. DeBoer will continue to lead the Company’s strategic vision and operations execution.
Sidney B. DeBoer will become Vice Chairman and will continue to serve on the Board. Louis P. Miramontes will continue to serve as Lead Independent Director, ensuring strong independent Board leadership and reinforcing its oversight of management and governance.
"Sid established Lithia on the belief that earning trust, one customer and one community at a time, creates value that compounds over decades," said Bryan DeBoer, Chairman and Chief Executive Officer. "He took the company public and laid the foundation of Growth Powered by People for the network we operate today across the U.S., Canada and the U.K., and we're grateful his counsel will continue as Vice Chairman. I'm honored by the Board's confidence. Our strategy and priorities are unchanged: earn customers for life, keep growing our network and adjacent businesses, and allocate capital with discipline to drive long-term shareholder value."
Third Quarter Earnings Conference Call and Updated Presentation
The third quarter 2026 conference call may be accessed at 10:00 a.m. ET today by telephone at 877-407-8029. An updated presentation highlighting third quarter 2026 results has been added to our investor relations website. To listen live on our website or for replay, visit investors.lithiadriveway.com and click on Quarterly Earnings.
About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and competitively differentiated design provides us the flexibility and scale to pursue our vision to modernize personal transportation solutions wherever, whenever and however consumers desire.
Sites
www.lithia.com
investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com
Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ
Lithia & Driveway on X
https://x.com/lithiamotors
https://x.com/DrivewayHQ
https://x.com/GreenCarsHQ
Lithia & Driveway on LinkedIn
https://www.linkedin.com/company/lithia-motors/
Lithia & Driveway on YouTube
https://www.youtube.com/@Lithia_Motors/featured
Forward-Looking Statements
Certain statements in this presentation, and at times made by our officers and representatives, constitute forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as “project,” “outlook,” “target,” “may,” “will,” “would,” “should,” “seek,” “expect,” “plan,” “intend,” “forecast,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “likely,” “ensure,” “goal,” “strategy,” “future,” “maintain,” and “continue” or the negative of these terms or other comparable terms. Examples of forward-looking statements in this presentation include, among others, statements regarding:
- The profitability of our strategy and growth
- Future market conditions, including anticipated vehicle and other sales, gross profit and inventory supply
- Our business strategy and plans, including our achieving our long-term financial targets
- The growth, expansion, make-up and success of our network, including our finding accretive acquisitions that meet our target valuations and acquiring additional stores
- Annualized revenues from acquired stores or achieving target returns
- The growth and performance of our Driveway e-commerce home solution and Driveway Finance Corporation (DFC), their synergies and other impacts on our business and our ability to meet Driveway and DFC-related targets
- The impact of sustainable vehicles and other market and regulatory changes on our business, including evolving vehicle distribution models
- Our capital allocations and uses and levels of capital expenditures in the future
- Expected operating results, such as improved store performance, continued improvement of selling, general and administrative expenses as a percentage of gross profit and any projections
- Our anticipated financial condition and liquidity, including from our cash and the future availability of our credit facilities, unfinanced real estate and other financing sources
- Our continuing to purchase shares under our share repurchase program
- Our compliance with financial and restrictive covenants in our credit facilities and other debt agreements
- Our programs and initiatives for team member recruitment, training, and retention
- Our strategies and targets for customer retention, growth, market position, operations, financial results and risk management
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this presentation. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation:
- Future national and local economic and financial conditions, including as a result of inflation, interest rates, tariffs, governmental actions, programs and spending, and public health issues
- The market for dealerships, including the availability of stores to us for an acceptable price
- Changes in customer demand, levels of consumer debt, consumer confidence and manufacturer sales incentives, and the electric vehicle landscape and the impact of evolving digital technologies
- Changes in our relationship with, and the financial and operational stability of, OEMs and other suppliers, and vehicle delivery models
- Changes in the competitive landscape, including through technology and our ability to deliver new products, services and customer experiences and a portfolio of in-demand and available vehicles
- Risks associated with our indebtedness, including available borrowing capacity, interest rates, compliance with financial covenants and ability to refinance or repay indebtedness on favorable terms
- The adequacy of our cash flows and other conditions which may affect our ability to fund capital expenditures, obtain favorable financing and pay our quarterly dividend at planned levels
- Disruptions to our technology network including computer systems, as well as natural events such as severe weather or man-made or other disruptions of our operating systems, facilities or equipment
- Government regulations and legislation
- The risks set forth throughout “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in “Part I, Item 1A. Risk Factors” of our most recent Annual Report on Form 10-K, and in “Part II, Item 1A. Risk Factors” of our Quarterly Reports on Form 10-Q, and from time to time in our other filings with the SEC.
Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by law, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Non-GAAP Financial Measures
All “adjusted” financial measures in this presentation are non-GAAP financial measures, as are EBITDA and net debt. Non-GAAP measures do not have definitions under GAAP and may be defined differently by and not comparable to similarly titled measures used by other companies. We caution you not to place undue reliance on such non-GAAP measures and to consider them together with the most directly comparable GAAP measures. We present cash flows from operations in the attached tables, adjusted to include the change in non-trade floor plan debt to improve the visibility of cash flows related to vehicle financing. As required by SEC rules, we have reconciled these measures to the most directly comparable GAAP measures in the attachments to this release. We believe the non-GAAP financial measures we present improve the transparency of our disclosures; provide a meaningful presentation of our results from core business operations, because they exclude items not related to core business operations and other non-cash items; and improve the period-to-period comparability of our results from core business operations. These presentations should not be considered an alternative to GAAP measures.
LAD
Consolidated Statements of Operations (Unaudited)
(In millions except per share data)
| Three months ended | % | Nine months ended | % | ||||||||||||||||||
| September 30, | Increase | September 30, | Increase | ||||||||||||||||||
| 2026 | 2025 | (Decrease) | 2026 | 2025 | (Decrease) | ||||||||||||||||
| Revenues: | |||||||||||||||||||||
| New vehicle | $ | 4,868.6 | $ | 4,792.4 | 1.6 | % | $ | 14,077.1 | $ | 14,076.3 | — | % | |||||||||
| Used vehicle | 3,630.1 | 3,463.3 | 4.8 | 10,647.8 | 10,192.3 | 4.5 | |||||||||||||||
| Finance and insurance | 361.4 | 378.6 | (4.5 | ) | 1,087.5 | 1,116.8 | (2.6 | ) | |||||||||||||
| Aftersales | 1,086.6 | 1,041.5 | 4.3 | 3,197.0 | 3,051.7 | 4.8 | |||||||||||||||
| Total revenues | 9,946.7 | 9,675.8 | 2.8 | % | 29,009.4 | 28,437.1 | 2.0 | % | |||||||||||||
| Cost of sales: | |||||||||||||||||||||
| New vehicle | 4,590.7 | 4,501.0 | 2.0 | 13,255.7 | 13,178.1 | 0.6 | |||||||||||||||
| Used vehicle | 3,419.2 | 3,274.4 | 4.4 | 10,035.2 | 9,609.2 | 4.4 | |||||||||||||||
| Aftersales | 441.0 | 434.4 | 1.5 | 1,303.6 | 1,288.3 | 1.2 | |||||||||||||||
| Total cost of sales | 8,450.9 | 8,209.8 | 2.9 | 24,594.5 | 24,075.6 | 2.2 | |||||||||||||||
| Gross profit | 1,495.8 | 1,466.0 | 2.0 | % | 4,414.9 | 4,361.5 | 1.2 | % | |||||||||||||
| Finance operations income | 32.3 | 19.1 | 69.1 | % | 90.0 | 51.7 | 74.1 | % | |||||||||||||
| SG&A expense | 1,036.3 | 998.0 | 3.8 | 3,088.4 | 2,965.3 | 4.2 | |||||||||||||||
| Depreciation and amortization | 71.6 | 65.5 | 9.3 | 212.3 | 194.6 | 9.1 | |||||||||||||||
| Income from operations | 420.2 | 421.6 | (0.3)% | 1,204.2 | 1,253.3 | (3.9)% | |||||||||||||||
| Floor plan interest expense | (70.3 | ) | (57.8 | ) | 21.6 | (195.9 | ) | (169.8 | ) | 15.4 | |||||||||||
| Other interest expense | (63.1 | ) | (68.3 | ) | (7.6 | ) | (196.0 | ) | (200.5 | ) | (2.2 | ) | |||||||||
| Other income (expense) | 104.2 | (13.3 | ) | 883.5 | 72.7 | 35.9 | NM | ||||||||||||||
| Income before income taxes | 391.0 | 282.2 | 38.6 | % | 885.0 | 918.9 | (3.7)% | ||||||||||||||
| Income tax expense | (98.1 | ) | (63.6 | ) | 54.2 | (228.4 | ) | (230.9 | ) | (1.1 | ) | ||||||||||
| Income tax rate | 25.1 | % | 22.5 | % | 25.8 | % | 25.1 | % | |||||||||||||
| Net income | $ | 292.9 | $ | 218.6 | 34.0 | % | $ | 656.6 | $ | 688.0 | (4.6)% | ||||||||||
| Net income attributable to non-controlling interests | (1.8 | ) | (1.5 | ) | 20.0 | % | (5.1 | ) | (5.3 | ) | (3.8 | )% | |||||||||
| Net income attributable to LAD | $ | 291.1 | $ | 217.1 | 34.1 | % | $ | 651.5 | $ | 682.7 | (4.6)% | ||||||||||
| Diluted earnings per share attributable to LAD: | |||||||||||||||||||||
| Net income per share | $ | 13.22 | $ | 8.61 | 53.5 | % | $ | 28.77 | $ | 26.42 | 8.9 | % | |||||||||
| Diluted shares outstanding | 22.0 | 25.2 | (12.7)% | 22.6 | 25.8 | (12.4)% | |||||||||||||||
NM - not meaningful
LAD
Key Performance Metrics (Unaudited)
| Three months ended | % | Nine months ended | % | ||||||||||||||||||
| September 30, | Increase | September 30, | Increase | ||||||||||||||||||
| 2026 | 2025 | (Decrease) | 2026 | 2025 | (Decrease) | ||||||||||||||||
| Gross margin | |||||||||||||||||||||
| New vehicle | 5.7 | % | 6.1 | % | (40)bps | 5.8 | % | 6.4 | % | (60)bps | |||||||||||
| Used vehicle | 5.8 | 5.5 | 30 | 5.8 | 5.7 | 10 | |||||||||||||||
| Finance and insurance | 100.0 | 100.0 | — | 100.0 | 100.0 | — | |||||||||||||||
| Aftersales | 59.4 | 58.3 | 110 | 59.2 | 57.8 | 140 | |||||||||||||||
| Gross profit margin | 15.0 | 15.2 | (20 | ) | 15.2 | 15.3 | (10 | ) | |||||||||||||
| Unit sales | |||||||||||||||||||||
| New vehicle | 105,471 | 104,332 | 1.1 | % | 304,347 | 305,151 | (0.3)% | ||||||||||||||
| Used vehicle retail | 109,791 | 109,097 | 0.6 | 326,056 | 325,476 | 0.2 | |||||||||||||||
| Average selling price (excluding agency) | |||||||||||||||||||||
| New vehicle | $ | 46,777 | $ | 46,804 | (0.1)% | $ | 46,938 | $ | 47,165 | (0.5)% | |||||||||||
| Used vehicle retail | 29,499 | 28,381 | 3.9 | 29,180 | 27,990 | 4.3 | |||||||||||||||
| Average gross profit per unit | |||||||||||||||||||||
| New vehicle | $ | 2,635 | $ | 2,793 | (5.7)% | $ | 2,699 | $ | 2,943 | (8.3)% | |||||||||||
| Used vehicle retail | 1,970 | 1,773 | 11.1 | 1,889 | 1,818 | 3.9 | |||||||||||||||
| Finance and insurance | 1,733 | 1,818 | (4.7 | ) | 1,782 | 1,814 | (1.8 | ) | |||||||||||||
| Total vehicle(1) | 3,949 | 4,025 | (1.9 | ) | 4,000 | 4,120 | (2.9 | ) | |||||||||||||
| Revenue mix | |||||||||||||||||||||
| New vehicle | 48.9 | % | 49.5 | % | 48.5 | % | 49.5 | % | |||||||||||||
| Used vehicle | 36.5 | 35.8 | 36.7 | 35.8 | |||||||||||||||||
| Finance and insurance, net | 3.6 | 3.9 | 3.7 | 3.9 | |||||||||||||||||
| Aftersales | 11.0 | 10.8 | 11.1 | 10.8 | |||||||||||||||||
| Gross Profit Mix | |||||||||||||||||||||
| New vehicle | 18.6 | % | 19.9 | % | 18.6 | % | 20.6 | % | |||||||||||||
| Used vehicle | 14.1 | 12.9 | 13.9 | 13.4 | |||||||||||||||||
| Finance and insurance, net | 24.2 | 25.8 | 24.6 | 25.6 | |||||||||||||||||
| Aftersales | 43.1 | 41.4 | 42.9 | 40.4 | |||||||||||||||||
| Adjusted | As reported | Adjusted | As reported | ||||||||||||||||||||
| Three months ended September 30, | Three months ended September 30, | Nine months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||
| Other metrics | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | |||||||||||||||
| SG&A as a % of revenue | 10.4 | % | 10.3 | % | 10.4 | % | 10.3 | % | 10.6 | % | 10.4 | % | 10.6 | % | 10.4 | % | |||||||
| SG&A as a % of gross profit | 68.8 | 67.9 | 69.3 | 68.1 | 69.6 | 67.9 | 70.0 | 68.0 | |||||||||||||||
| Operating profit as a % of revenue | 4.3 | 4.4 | 4.2 | 4.4 | 4.2 | 4.4 | 4.2 | 4.4 | |||||||||||||||
| Operating profit as a % of gross profit | 28.5 | 29.0 | 28.1 | 28.8 | 27.6 | 28.8 | 27.3 | 28.7 | |||||||||||||||
| Pretax margin | 3.1 | 3.2 | 3.9 | 2.9 | 3.0 | 3.2 | 3.1 | 3.2 | |||||||||||||||
| Net profit margin | 2.3 | 2.5 | 2.9 | 2.3 | 2.2 | 2.4 | 2.3 | 2.4 | |||||||||||||||
(1) Includes the sales and gross profit related to new, used, and finance and insurance and unit sales for new and used retail
LAD
Same Store Operating Highlights (Unaudited)
| Three months ended | % | Nine months ended | % | ||||||||||||||||||
| September 30, | Increase | September 30, | Increase | ||||||||||||||||||
| 2026 | 2025 | (Decrease) | 2026 | 2025 | (Decrease) | ||||||||||||||||
| Revenues | |||||||||||||||||||||
| New vehicle | $ | 4,608.3 | $ | 4,729.9 | (2.6)% | $ | 13,293.7 | $ | 13,784.0 | (3.6)% | |||||||||||
| Used vehicle | 3,419.4 | 3,409.5 | 0.3 | 10,023.4 | 9,932.6 | 0.9 | |||||||||||||||
| Finance and insurance | 345.1 | 375.6 | (8.1 | ) | 1,039.6 | 1,102.0 | (5.7 | ) | |||||||||||||
| Aftersales | 1,027.9 | 1,021.0 | 0.7 | 3,018.5 | 2,964.1 | 1.8 | |||||||||||||||
| Total revenues | 9,400.6 | 9,536.0 | (1.4 | ) | 27,375.2 | 27,782.8 | (1.5 | ) | |||||||||||||
| Gross profit | |||||||||||||||||||||
| New vehicle | $ | 263.9 | $ | 288.4 | (8.5)% | $ | 778.0 | $ | 881.6 | (11.8)% | |||||||||||
| Used vehicle | 203.1 | 185.8 | 9.3 | 586.6 | 575.2 | 2.0 | |||||||||||||||
| Finance and insurance | 345.1 | 375.6 | (8.1 | ) | 1,039.6 | 1,102.0 | (5.7 | ) | |||||||||||||
| Aftersales | 611.1 | 596.9 | 2.4 | 1,786.0 | 1,721.2 | 3.8 | |||||||||||||||
| Total gross profit | 1,423.2 | 1,446.7 | (1.6 | ) | 4,190.2 | 4,280.1 | (2.1 | ) | |||||||||||||
| Gross margin | |||||||||||||||||||||
| New vehicle | 5.7 | % | 6.1 | % | (40)bps | 5.9 | % | 6.4 | % | (50)bps | |||||||||||
| Used vehicle | 5.9 | 5.4 | 50 | 5.9 | 5.8 | 10 | |||||||||||||||
| Finance and insurance | 100.0 | 100.0 | — | 100.0 | 100.0 | — | |||||||||||||||
| Aftersales | 59.5 | 58.5 | 100 | 59.2 | 58.1 | 110 | |||||||||||||||
| Gross profit margin | 15.1 | 15.2 | (10 | ) | 15.3 | 15.4 | (10 | ) | |||||||||||||
| Unit sales | |||||||||||||||||||||
| New vehicle | 100,559 | 103,318 | (2.7)% | 289,351 | 300,917 | (3.8)% | |||||||||||||||
| Used vehicle retail | 104,612 | 108,039 | (3.2 | ) | 311,741 | 320,566 | (2.8 | ) | |||||||||||||
| Average selling price (excluding agency) | |||||||||||||||||||||
| New vehicle | $ | 46,470 | $ | 46,652 | (0.4)% | $ | 46,659 | $ | 46,843 | (0.4)% | |||||||||||
| Used vehicle retail | 29,197 | 28,200 | 3.5 | 28,770 | 27,703 | 3.9 | |||||||||||||||
| Average gross profit per unit | |||||||||||||||||||||
| New vehicle | $ | 2,624 | $ | 2,792 | (6.0)% | $ | 2,689 | $ | 2,930 | (8.2)% | |||||||||||
| Used vehicle retail | 1,993 | 1,759 | 13.3 | 1,893 | 1,818 | 4.1 | |||||||||||||||
| Finance and insurance | 1,736 | 1,821 | (4.7 | ) | 1,784 | 1,816 | (1.8 | ) | |||||||||||||
| Total vehicle(1) | 3,958 | 4,021 | (1.6 | ) | 4,000 | 4,117 | (2.8 | ) | |||||||||||||
(1) Includes the sales and gross profit related to new, used, and finance and insurance and unit sales for new and used retail
LAD
Other Highlights (Unaudited)
| Three months ended September 30, | Nine months ended September 30, | ||||||||||
| 2026 | 2026 | ||||||||||
| Key Performance by Country | Total Revenue | Total Gross Profit | Total Revenue | Total Gross Profit | |||||||
| United States | |||||||||||
| United Kingdom | |||||||||||
| Canada | |||||||||||
| As of | |||||
| September 30, | December 31, | September 30, | |||
| Days’ Supply(1) | 2026 | 2025 | 2025 | ||
| New vehicle inventory | 54 | 54 | 52 | ||
| Used vehicle inventory | 45 | 48 | 46 | ||
(1) Days’ supply in inventory is calculated using on-ground inventory unit levels and a 30-day total unit sales volumes, both at the end of each reporting period.
Selected Financing Operations Financial Information
| Three months ended September 30, | Nine months ended September 30, | ||||||||||||||||||||||||||
| ($ in millions) | 2026 | % (1) | 2025 | % (1) | 2026 | % (1) | 2025 | % (1) | |||||||||||||||||||
| Interest and fee income | $ | 122.1 | 8.7 | $ | 104.9 | 9.2 | $ | 349.0 | 8.8 | $ | 298.0 | 9.2 | |||||||||||||||
| Interest expense | (56.3 | ) | (4.0 | ) | (52.1 | ) | (4.6 | ) | (161.4 | ) | (4.1 | ) | (150.0 | ) | (4.6 | ) | |||||||||||
| Total interest margin | $ | 65.8 | 4.7 | $ | 52.8 | 4.6 | $ | 187.6 | 4.7 | $ | 148.0 | 4.6 | |||||||||||||||
| Lease income | 29.2 | 23.4 | 79.5 | 67.7 | |||||||||||||||||||||||
| Lease costs | (25.6 | ) | (18.6 | ) | (68.3 | ) | (54.0 | ) | |||||||||||||||||||
| Lease income, net | 3.6 | 4.8 | 11.2 | 13.7 | |||||||||||||||||||||||
| Provision expense | (22.5 | ) | (1.6 | ) | (25.8 | ) | (2.3 | ) | (64.7 | ) | (1.6 | ) | (72.5 | ) | (2.2 | ) | |||||||||||
| Other financing operations expenses | (14.6 | ) | (1.0 | ) | (12.7 | ) | (1.1 | ) | (44.1 | ) | (1.1 | ) | (37.5 | ) | (1.2 | ) | |||||||||||
| Finance operations income | $ | 32.3 | $ | 19.1 | $ | 90.0 | $ | 51.7 | |||||||||||||||||||
| Total average managed finance receivables | $ | 5,558.0 | $ | 4,541.8 | $ | 5,290.6 | $ | 4,316.3 | |||||||||||||||||||
(1) Annualized percentage of total average managed finance receivables
LAD
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)
| September 30, 2026 | December 31, 2025 | ||||
| Cash, restricted cash, and cash equivalents | $ | 374.0 | $ | 341.8 | |
| Trade receivables, net | 1,132.9 | 1,134.1 | |||
| Inventories, net | 6,624.3 | 6,119.6 | |||
| Other current assets | 261.8 | 262.5 | |||
| Total current assets | $ | 8,393.0 | $ | 7,858.0 | |
| Property and equipment, net | 5,074.7 | 4,936.0 | |||
| Finance receivables, net | 5,578.6 | 4,755.1 | |||
| Intangibles | 5,630.7 | 5,254.1 | |||
| Other non-current assets | 2,159.0 | 2,304.0 | |||
| Total assets | $ | 26,836.0 | $ | 25,107.2 | |
| Floor plan notes payable | 6,566.8 | 5,008.9 | |||
| Other current liabilities | 1,838.5 | 1,687.8 | |||
| Total current liabilities | $ | 8,405.3 | $ | 6,696.7 | |
| Long-term debt, less current maturities | 6,828.2 | 7,274.9 | |||
| Non-recourse notes payable, less current maturities | 2,746.3 | 2,404.2 | |||
| Other long-term liabilities and deferred revenue | 2,215.3 | 2,103.0 | |||
| Total liabilities | $ | 20,195.1 | $ | 18,478.8 | |
| Equity | 6,640.8 | 6,628.4 | |||
| Total liabilities and equity | $ | 26,836.0 | $ | 25,107.2 | |
LAD
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Nine months ended September 30, | |||||||
| Cash flows from operating activities: | 2026 | 2025 | |||||
| Net income | $ | 656.6 | $ | 688.0 | |||
| Adjustments to reconcile net income to net cash (used in) provided by operating activities | 391.1 | 428.5 | |||||
| Changes in: | |||||||
| Inventories | (555.0 | ) | 44.8 | ||||
| Finance receivables | (831.4 | ) | (671.3 | ) | |||
| Floor plan notes payable | 87.6 | (151.0 | ) | ||||
| Other operating activities | 46.2 | (106.0 | ) | ||||
| Net cash (used in) provided by operating activities | (204.9 | ) | 233.0 | ||||
| Cash flows from investing activities: | |||||||
| Capital expenditures | (252.3 | ) | (257.7 | ) | |||
| Cash paid for acquisitions, net of cash acquired | (264.8 | ) | (417.6 | ) | |||
| Net proceeds from sales of stores | 31.9 | 178.1 | |||||
| Other investing activities | 4.0 | 17.8 | |||||
| Net cash used in investing activities | (481.2 | ) | (479.4 | ) | |||
| Cash flows from financing activities: | |||||||
| Net borrowings on floor plan notes payable, non-trade | 1,542.2 | 73.3 | |||||
| Net borrowings on non-recourse notes payable | 291.8 | 136.3 | |||||
| Net borrowings on other debt and finance lease liabilities | (456.1 | ) | 827.7 | ||||
| Proceeds from issuance of common stock | 21.2 | 21.0 | |||||
| Repurchase of common stock | (624.5 | ) | (662.3 | ) | |||
| Dividends paid | (41.1 | ) | (42.1 | ) | |||
| Other financing activity | (11.2 | ) | (89.4 | ) | |||
| Net cash provided by financing activities | 722.3 | 264.5 | |||||
| Effect of exchange rate changes on cash and restricted cash | (3.5 | ) | 4.7 | ||||
| Change in cash, restricted cash, and cash equivalents | 32.7 | 22.8 | |||||
| Cash, restricted cash, and cash equivalents at beginning of period | 391.3 | 445.8 | |||||
| Cash, restricted cash, and cash equivalents at end of period | 424.0 | 468.6 | |||||
LAD
Reconciliation of Non-GAAP Cash Flow from Operations (Unaudited)
(In millions)
| Nine months ended September 30, | |||||||
| Net cash provided by operating activities | 2026 | 2025 | |||||
| As reported | $ | (204.9 | ) | $ | 233.0 | ||
| Floor plan notes payable, non-trade, net(1) | 1,542.2 | 73.3 | |||||
| Adjust: finance receivables activity | 831.4 | 671.3 | |||||
| Less: Borrowings on floor plan notes payable, non-trade associated with acquired new vehicle inventory | (43.5 | ) | (62.9 | ) | |||
| Adjusted | $ | 2,125.2 | $ | 914.7 | |||
(1) Includes the impact of converting inventory‑secured revolvers to floorplan facilities during 2026, increasing net floorplan borrowings and adjusted operating cash flows
LAD
Reconciliation of Certain Non-GAAP Financial Measures (Unaudited)
(In millions, except for per share data)
| Three Months Ended September 30, 2026 | |||||||||||||||||||||||
| As reported | Net loss on disposal of stores | Investment gain | Insurance reserves | Tax attribute | Adjusted | ||||||||||||||||||
| Selling, general and administrative | 1,036.3 | (5.8 | ) | — | (0.8 | ) | — | 1,029.7 | |||||||||||||||
| Operating income | 420.2 | 5.8 | — | 0.8 | — | 426.8 | |||||||||||||||||
| Other income (expense), net | 104.2 | — | (88.8 | ) | — | — | 15.4 | ||||||||||||||||
| Income before income taxes | 391.0 | 5.8 | (88.8 | ) | 0.8 | — | 308.8 | ||||||||||||||||
| Income tax (provision) benefit | (98.1 | ) | (1.6 | ) | 23.7 | (0.2 | ) | (3.3 | ) | (79.5 | ) | ||||||||||||
| Net income | $ | 292.9 | $ | 4.2 | $ | (65.1 | ) | $ | 0.6 | $ | (3.3 | ) | $ | 229.3 | |||||||||
| Net income attributable to non-controlling interests | (1.8 | ) | — | — | — | — | (1.8 | ) | |||||||||||||||
| Net income attributable to LAD | $ | 291.1 | $ | 4.2 | $ | (65.1 | ) | $ | 0.6 | $ | (3.3 | ) | $ | 227.5 | |||||||||
| Diluted earnings per share attributable to LAD | $ | 13.22 | $ | 0.19 | $ | (2.95 | ) | $ | 0.03 | $ | (0.15 | ) | $ | 10.34 | |||||||||
| Diluted share count | 22.0 | ||||||||||||||||||||||
| Three Months Ended September 30, 2025 | |||||||||||||||||||||||||||
| As reported | Net gain on disposal of stores | Investment loss | Insurance reserves | Acquisition expenses | Tax attribute | Adjusted | |||||||||||||||||||||
| Selling, general and administrative | $ | 998.0 | $ | 15.4 | $ | — | $ | (2.5 | ) | $ | (15.9 | ) | $ | — | $ | 995.0 | |||||||||||
| Operating income | 421.6 | (15.4 | ) | — | 2.5 | 15.9 | — | 424.6 | |||||||||||||||||||
| Other income (expense), net | (13.3 | ) | — | 22.7 | — | — | — | 9.4 | |||||||||||||||||||
| Income before income taxes | 282.2 | (15.4 | ) | 22.7 | 2.5 | 15.9 | — | 307.9 | |||||||||||||||||||
| Income tax (provision) benefit | (63.6 | ) | 7.2 | (6.0 | ) | (0.5 | ) | (0.6 | ) | (3.5 | ) | (67.0 | ) | ||||||||||||||
| Net income | $ | 218.6 | $ | (8.2 | ) | $ | 16.7 | $ | 2.0 | $ | 15.3 | $ | (3.5 | ) | $ | 240.9 | |||||||||||
| Net income attributable to non-controlling interests | $ | (1.5 | ) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | (1.5 | ) | |||||||||||
| Net income attributable to LAD | $ | 217.1 | $ | (8.2 | ) | $ | 16.7 | $ | 2.0 | $ | 15.3 | $ | (3.5 | ) | $ | 239.4 | |||||||||||
| Diluted earnings per share attributable to LAD | $ | 8.61 | $ | (0.32 | ) | $ | 0.66 | $ | 0.08 | $ | 0.61 | $ | (0.14 | ) | $ | 9.50 | |||||||||||
| Diluted share count | 25.2 | ||||||||||||||||||||||||||
LAD
Reconciliation of Certain Non-GAAP Financial Measures (Unaudited)
(In millions, except for per share data)
| Nine Months Ended September 30, 2026 | |||||||||||||||||||||||||||||||
| As reported | Net gain on disposal of stores | Investment gain | Insurance reserves | Acquisition expenses | Contract buyouts | Tax attribute | Adjusted | ||||||||||||||||||||||||
| Selling, general and administrative | $ | 3,088.4 | $ | 9.2 | $ | — | $ | (3.2 | ) | $ | (0.7 | ) | $ | (20.3 | ) | $ | — | $ | 3,073.4 | ||||||||||||
| Operating income | 1,204.2 | (9.2 | ) | — | 3.2 | 0.7 | 20.3 | — | 1,219.2 | ||||||||||||||||||||||
| Other income (expense), net | 72.7 | — | (43.7 | ) | — | — | — | — | 29.0 | ||||||||||||||||||||||
| Income before income taxes | 885.0 | (9.2 | ) | (43.7 | ) | 3.2 | 0.7 | 20.3 | — | 856.3 | |||||||||||||||||||||
| Income tax (provision) benefit | (228.4 | ) | 2.4 | 11.6 | (0.9 | ) | (0.1 | ) | (5.1 | ) | (5.3 | ) | (225.8 | ) | |||||||||||||||||
| Net income | $ | 656.6 | $ | (6.8 | ) | $ | (32.1 | ) | $ | 2.3 | $ | 0.6 | $ | 15.2 | $ | (5.3 | ) | $ | 630.5 | ||||||||||||
| Net income attributable to non-controlling interests | (5.1 | ) | — | — | — | — | — | — | (5.1 | ) | |||||||||||||||||||||
| Net income attributable to LAD | $ | 651.5 | $ | (6.8 | ) | $ | (32.1 | ) | $ | 2.3 | $ | 0.6 | $ | 15.2 | $ | (5.3 | ) | $ | 625.4 | ||||||||||||
| Diluted earnings per share attributable to LAD | $ | 28.77 | $ | (0.30 | ) | $ | (1.42 | ) | $ | 0.10 | $ | 0.03 | $ | 0.67 | $ | (0.24 | ) | $ | 27.61 | ||||||||||||
| Diluted share count | 22.6 | ||||||||||||||||||||||||||||||
| Nine Months Ended September 30, 2025 | |||||||||||||||||||||||||||
| As reported | Net gain on disposal of stores | Investment gain | Insurance reserves | Acquisition expenses | Tax attribute | Adjusted | |||||||||||||||||||||
| Selling, general and administrative | $ | 2,965.3 | $ | 17.7 | $ | — | $ | (5.4 | ) | $ | (16.1 | ) | $ | — | $ | 2,961.5 | |||||||||||
| Operating income | 1,253.3 | (17.7 | ) | — | 5.4 | 16.1 | — | 1,257.1 | |||||||||||||||||||
| Other income (expense), net | 35.9 | — | (4.1 | ) | — | — | — | 31.8 | |||||||||||||||||||
| Income before income taxes | 918.9 | (17.7 | ) | (4.1 | ) | 5.4 | 16.1 | — | 918.6 | ||||||||||||||||||
| Income tax (provision) benefit | (230.9 | ) | 11.6 | 1.0 | (1.4 | ) | (0.6 | ) | (5.7 | ) | (226.0 | ) | |||||||||||||||
| Net income | $ | 688.0 | $ | (6.1 | ) | $ | (3.1 | ) | $ | 4.0 | $ | 15.5 | $ | (5.7 | ) | $ | 692.6 | ||||||||||
| Net income attributable to non-controlling interests | (5.3 | ) | — | — | — | — | — | (5.3 | ) | ||||||||||||||||||
| Net income attributable to LAD | $ | 682.7 | $ | (6.1 | ) | $ | (3.1 | ) | $ | 4.0 | $ | 15.5 | $ | (5.7 | ) | $ | 687.3 | ||||||||||
| Diluted earnings per share attributable to LAD | $ | 26.42 | $ | (0.24 | ) | $ | (0.12 | ) | $ | 0.16 | $ | 0.60 | $ | (0.22 | ) | $ | 26.60 | ||||||||||
| Diluted share count | 25.8 | ||||||||||||||||||||||||||
LAD
Adjusted EBITDA and Net Debt to Adjusted EBITDA (Unaudited)
(In millions)
| Three months ended | % | Nine months ended | % | ||||||||||||||||||
| September 30, | Increase | September 30, | Increase | ||||||||||||||||||
| 2026 | 2025 | (Decrease) | 2026 | 2025 | (Decrease) | ||||||||||||||||
| EBITDA and Adjusted EBITDA | |||||||||||||||||||||
| Net income | $ | 292.9 | $ | 218.6 | 34.0 | % | $ | 656.6 | $ | 688.0 | (4.6)% | ||||||||||
| Flooring interest expense | 70.3 | 57.8 | 21.6 | 195.9 | 169.8 | 15.4 | |||||||||||||||
| Other interest expense | 63.1 | 68.3 | (7.6 | ) | 196.0 | 200.5 | (2.2 | ) | |||||||||||||
| Financing operations interest expense | 56.3 | 52.1 | 8.1 | 161.4 | 150.0 | 7.6 | |||||||||||||||
| Income tax expense | 98.1 | 63.6 | 54.2 | 228.4 | 230.9 | (1.1 | ) | ||||||||||||||
| Depreciation and amortization | 71.6 | 65.5 | 9.3 | 212.3 | 194.6 | 9.1 | |||||||||||||||
| EBITDA | $ | 652.3 | $ | 525.9 | 24.0 | % | $ | 1,650.6 | $ | 1,633.8 | 1.0 | % | |||||||||
| Other adjustments: | |||||||||||||||||||||
| Less: flooring interest expense | $ | (70.3 | ) | $ | (57.8 | ) | 21.6 | $ | (195.9 | ) | $ | (169.8 | ) | 15.4 | |||||||
| Less: financing operations interest expense | (56.3 | ) | (52.1 | ) | 8.1 | (161.4 | ) | (150.0 | ) | 7.6 | |||||||||||
| Less: used vehicle line of credit interest | — | (3.7 | ) | (100.0 | ) | (1.5 | ) | (11.2 | ) | (86.6 | ) | ||||||||||
| Add: acquisition expenses | — | 15.9 | NM | 0.7 | 16.1 | NM | |||||||||||||||
| Add: (gain) loss on disposal of stores | 5.8 | (15.4 | ) | NM | (9.2 | ) | (17.7 | ) | NM | ||||||||||||
| Add: investment (gain) loss | (88.8 | ) | 22.7 | NM | (43.7 | ) | (4.1 | ) | NM | ||||||||||||
| Add: insurance reserves | 0.8 | 2.5 | NM | 3.2 | 5.4 | NM | |||||||||||||||
| Add: contract buyouts | — | — | NM | 20.3 | — | NM | |||||||||||||||
| Adjusted EBITDA | $ | 443.5 | $ | 438.0 | 1.3 | % | $ | 1,263.1 | $ | 1,302.5 | (3.0)% | ||||||||||
NM - not meaningful
| As of | % | |||||||||
| September 30, | Increase | |||||||||
| Net Debt to Adjusted EBITDA | 2026 | 2025 | (Decrease) | |||||||
| Floor plan notes payable | $ | 6,566.8 | $ | 4,869.0 | 34.9 | % | ||||
| Used and service loaner vehicle inventory financing facility | 3.5 | 1,020.8 | (99.7 | ) | ||||||
| Revolving lines of credit | 1,736.6 | 1,310.6 | 32.5 | |||||||
| Warehouse facilities | 1,743.5 | 1,252.0 | 39.3 | |||||||
| Non-recourse notes payable | 2,765.7 | 2,245.6 | 23.2 | |||||||
| 400.0 | 400.0 | — | ||||||||
| 800.0 | 800.0 | — | ||||||||
| 600.0 | 600.0 | — | ||||||||
| 550.0 | 550.0 | — | ||||||||
| Real estate mortgages, finance lease obligations, and other debt | 1,114.6 | 1,117.3 | (0.2 | ) | ||||||
| Unamortized debt issuance costs | (24.4 | ) | (26.7 | ) | (8.6 | ) | ||||
| Total debt | $ | 16,256.3 | $ | 14,138.5 | 15.0 | % | ||||
| Less: Inventory related debt | $ | (6,570.3 | ) | $ | (5,889.8 | ) | 11.6 | % | ||
| Less: Financing operations related debt | (4,509.2 | ) | (3,497.6 | ) | 28.9 | |||||
| Less: Unrestricted cash and cash equivalents | (108.1 | ) | (206.5 | ) | (47.7 | ) | ||||
| Less: Marketable securities | (76.1 | ) | (54.9 | ) | 38.6 | |||||
| Less: Availability on used vehicle and service loaner financing facilities | (0.4 | ) | (18.8 | ) | (97.9 | ) | ||||
| Net Debt | $ | 4,992.2 | $ | 4,470.9 | 11.7 | % | ||||
| TTM Adjusted EBITDA | $ | 1,627.2 | $ | 1,701.9 | (4.4)% | |||||
| Net debt to Adjusted EBITDA | 3.07 x | 2.63 x | ||||||||
NM - not meaningful
Contact: Jardon Jaramillo Senior Director - Finance and Investor Relations IR@lithia.com (503) 799-5254
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Lithia & Driveway's third-quarter 2026 earnings?
Lithia & Driveway reported diluted earnings per share of $13.22, up 54% year over year, and net income of $292.9 million, up 34.0%. Adjusted diluted earnings per share rose 9% to $10.34, while adjusted net income declined 5% to $229.3 million.
When will LAD pay its increased quarterly dividend?
LAD expects to pay its $0.75-per-share quarterly dividend on November 20, 2026, to shareholders of record on November 6, 2026. The approved dividend represents a 7% increase.
Who became chairman of Lithia & Driveway in October 2026?
Bryan B. DeBoer, president and chief executive officer, became chairman effective October 19, 2026, while retaining his chief executive role. Sidney B. DeBoer became vice chairman and remains on the board. Louis P. Miramontes continues as lead independent director.