Lithia Motors Reports Record Q3 2026 Revenue and Earnings Growth
Lithia Motors (LAD) reported record third-quarter revenue of $9.9 billion, a 2.8% increase year-over-year, driven by successful acquisitions and strong performance in finance operations. Adjusted diluted EPS rose 8.8% to $10.34, supported by disciplined pricing and a significant reduction in shares outstanding. The company's Driveway Finance Corporation saw substantial growth, with managed receivables increasing 22.4% to $5.6 billion. Despite the record revenue, some segments faced headwinds. New vehicle units declined 2.7% on a same-store basis, and total vehicle gross profit per unit (GPU) dipped slightly by 1.6%. Management noted that consumer affordability issues are impacting finance and insurance (F&I) per-unit results. Looking ahead, CEO Bryan DeBoer cautioned that the fourth quarter typically presents seasonal challenges due to weather in North America and registration cycles in the U.K.
Topics: Acquisitions EPS Financial Performance GPU Analysis Revenue Growth