Here are the 10-K annual reports from Lithia Motors, Inc. (LAD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LAD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LAD filings page.
Lithia Motors describes a large, diversified auto retail platform spanning 455 locations and 54 brands across the U.S., U.K., and Canada. The company emphasizes an omnichannel strategy through its Driveway e-commerce platform, GreenCars education site, captive finance arm DFC, and fleet offerings.
In 2025, Lithia acquired 17 stores and divested 12, investing $751.0 million to add nearly $2.4 billion in expected annualized revenue. It deployed $350.9 million in capital expenditures and paid $55.3 million in dividends, supported by about $1.5 billion of liquidity as of December 31, 2025.
Marketing is heavily digital, with $257.0 million of 2025 ad spend and over 88% directed to online and one‑to‑one channels. GreenCars.com drew roughly 9.0 million unique visitors and influenced more than 10,000 vehicle purchases. Lithia also outlines extensive risk factors, including economic cycles, EV adoption, regulatory changes, and significant leverage and variable-rate debt.