Lithia Motors, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 28, 2026, reporting third-quarter net income attributable to the company of $291.1 million and diluted earnings per share of $13.22.

Key Highlights

  • Total revenues: $9,946.7 million for the three months ended September 30, 2026, compared to $9,675.8 million in the same period of 2025, according to the filing.
  • Net income attributable to Lithia Motors: $291.1 million for Q3 2026, versus $217.1 million in Q3 2025, as reported.
  • Basic EPS: $13.28 for Q3 2026, up from $8.63 in Q3 2025, based on 21.9 million shares used in the basic per share calculation.
  • Nine-month net income attributable to Lithia Motors: $651.5 million for the nine months ended September 30, 2026, compared to $682.7 million for the same period in 2025.
  • Total assets: $26,836.0 million as of September 30, 2026, up from $25,107.2 million as of December 31, 2025.
  • Cash dividends paid per share: $0.70 for Q3 2026, compared to $0.55 in Q3 2025.
  • Shares outstanding: 21,620,296 as of October 28, 2026, the filing disclosed.

Lithia Motors Third-Quarter 2026 Financial Results and Balance Sheet

According to the filing, Lithia Motors (NYSE:LAD) generated total revenues of $9,946.7 million in the three months ended September 30, 2026, with new vehicle revenue of $4,868.6 million, used vehicle revenue of $3,630.1 million, aftersales revenue of $1,086.6 million, and finance and insurance revenue of $361.4 million. Gross profit for the quarter was $1,495.8 million, and operating profit was $420.2 million. The company reported floor plan interest expense of $70.3 million and other interest expense, net, of $63.1 million for the quarter.

For the nine months ended September 30, 2026, the filing reported total revenues of $29,009.4 million and gross profit of $4,414.9 million. Operating profit for the nine-month period was $1,204.2 million, compared to $1,253.3 million for the same period in 2025. Nine-month diluted earnings per share attributable to Lithia Motors came to $28.77, versus $26.42 for the nine months ended September 30, 2025.

As of September 30, 2026, the company reported total assets of $26,836.0 million, including inventories, net, of $6,624.3 million and finance receivables, net, of $5,578.6 million. Total liabilities stood at $20,195.2 million, with long-term debt, less current maturities, of $6,828.2 million and non-recourse notes payable, less current maturities, of $2,746.3 million. Total stockholders' equity attributable to Lithia Motors was $6,614.6 million, and retained earnings were $6,577.3 million, according to the filing.

What Was Disclosed

Lithia Motors filed its quarterly report covering the period ended September 30, 2026, disclosing consolidated income statements, balance sheets, and cash flow statements, along with management's discussion and analysis. The filing was submitted as a large accelerated filer with 21,620,296 common shares outstanding as of October 28, 2026.