Lithia Motors Inc (LAD) News & EventsLADNews & EventsLithia Motors Inc

Q2 Revenue of $9.79B Exceeds Expectations

Reports Q2 revenue $9.79B, consensus $9.64B. "Our team delivered differentiated growth across the platform, with record quarterly revenues, stable new vehicle margins, improved used vehicle profitability, and meaningful sequential SG&A improvement. Financing Operations delivered 80% income growth, with expanding margins and increasing penetration," said Bryan DeBoer, President and CEO. "We continued to return value to shareholders this quarter, expanding our repurchase authorization by $500 million and purchasing nearly 4% of shares. Our ecosystem is delivering on its design, and we carry strong momentum into the second half of the year."

Board Approves $0.70 Dividend Per Share

The board of directors approved a dividend of 70c per share related to second quarter 2026 financial results. The dividend is expected to be paid on August 21 to shareholders of record on August 7.

Lithia & Driveway Increases Share Repurchase Authorization by $500M

Lithia & Driveway announced an increase to its share repurchase authorization of $500M to bring the current remaining authorization to $726M.