Quarterly ResultApr 29, 2026, 04:49 PM
LAD Q1 Net Income -52% to $100.4M; EPS $4.29
AI Summary
LITHIA MOTORS INC (LAD) reported a significant decline in net income and EPS for Q1 2026, with net income attributable to common stockholders falling 52.08% to $100.4 million and diluted EPS decreasing 46.10% to $4.28. Total revenues saw a modest increase of 1.01% to $9,271.4 million, driven by used vehicle and aftersales growth, while new vehicle revenue declined. The company also amended its US Bank and Bank of Nova Scotia credit facilities, issued $532.1 million in non-recourse notes, and repurchased $297.0 million of common stock.
Key Highlights
- Net income attributable to LAD decreased 52.08% to $100.4M.
- Diluted EPS fell 46.10% to $4.28.
- Total revenues increased 1.01% to $9,271.4M.
- Used vehicle revenue grew 7.35% to $3,489.4M.
- New vehicle revenue decreased 4.39% to $4,379.4M.
- Amended US Bank and BNS credit facilities, extending maturities.
- Issued $532.1M in non-recourse notes payable in Q1 2026.
- Repurchased $297.0M of common stock in Q1 2026.