LAD

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Lithia Motors tops Q2 estimates as stronger used-vehicle margins, aftersales growth and record financing income offset mixed sales trends.

Lithia Motors NYSE: LAD reported record second-quarter revenue of $9.8 billion and adjusted diluted earnings per share of $10.03, up 9% from a year earlier, as used-vehicle profitability, after-sales margins and Driveway Finance Corporation income supported results in what management characterized as a dynamic market environment.

Lithia continues to consolidate the car dealership industry. Rising profit margins are enabling Lithia to buy back a significant percentage of its shares.

Lithia Motors, Inc. (LAD) Q2 2026 Earnings Call Transcript

While the top- and bottom-line numbers for Lithia Motors (LAD) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Lithia Motors (LAD) came out with quarterly earnings of $10.03 per share, beating the Zacks Consensus Estimate of $8.67 per share. This compares to earnings of $10.24 per share a year ago.

Key Highlights Record second quarter revenues of $9.8 billion Used retail GPUs increased $339, or 20%, sequentially Aftersales gross profit increased by 3.1% and gross margin was 59.2%, a 120-basis point increase, on a same-store basis Adjusted SG&A as a percent of gross profit was 68.6%, a 290-basis point improvement sequentially Financing Operations achieved record income of $37 million and record originations of $884 million, with a 17.5% penetration rate Second quarter diluted earnings per share of $11.54, a 17% increase, and adjusted diluted earnings per share of $10.03, a 9% increase Repurchased $242 million of shares, representing 3.7% of outstanding shares in the quarter, and 7.6% of outstanding shares in the first half of 2026 Announced a 23% increase to quarterly dividend MEDFORD, Ore., July 29, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD), the largest global automotive retailer, today reported financial results for the second quarter of 2026.

Lithia Motors (LAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MEDFORD, Ore., July 14, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD) today announced its second quarter 2026 results will be released before the market opens on Wednesday, July 29, 2026. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time.