Lithia Motors (LAD) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Lithia & Driveway published the results on October 21, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Lithia & Driveway reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Lithia Motors, Inc. trades as Lithia & Driveway. Its two reportable segments are Vehicle Operations and Financing Operations; the revenue lines above are from its consolidated statement of operations. Financing Operations income is reported below gross profit, not in revenues.
• GAAP EPS of $13.22 includes an unrealized gain on Lithia's investment in Pinewood Technologies Group PLC worth $2.95 a share, which adjusted EPS excludes.

Source: Lithia & Driveway Q3 2026 results, October 21, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Lithia & Driveway splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Lithia & Driveway's New vehicle revenue was $4.9 billion in Q3 2026, up 2% from $4.8 billion in Q3 2025, 49% of total revenue.
• Lithia & Driveway's Used vehicle revenue was $3.6 billion in Q3 2026, up 5% from $3.5 billion in Q3 2025, 36% of total revenue.
• Lithia & Driveway's Finance and insurance revenue was $361 million in Q3 2026, down 5% from $379 million in Q3 2025, 4% of total revenue.
• Lithia & Driveway's Aftersales revenue was $1.1 billion in Q3 2026, up 4% from $1.0 billion in Q3 2025, 11% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted EPS attributable to LAD, each as first reported in that quarter's release.

We do not hold a confirmed date for Lithia & Driveway's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 21, 2026

Lithia & Driveway reports revenue in four lines. In Q3 2026 new vehicles brought in $4,868.6 million of $9,946.7 million in total revenues, used vehicles $3,630.1 million, finance and insurance $361.4 million and aftersales (repair and maintenance) $1,086.6 million. Aftersales was 11.0% of revenue but 43.1% of gross profit, and finance and insurance 3.6% of revenue but 24.2% of gross profit. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

The United States produced 75.9% of revenue and 80.8% of gross profit in the quarter, the United Kingdom 20.5% of revenue and Canada 3.6%. At the end of 2025 Lithia operated 455 locations representing 54 brands across those three countries, and new vehicles from Honda, Toyota, Ford, BMW and Stellantis represented 25% of its sales. (Lithia & Driveway Q3 2026 release, Oct 21, 2026; Lithia Motors Form 10-K, 2025, Feb 25, 2026)

Total revenues rose 2.8%, while same-store revenues fell 1.4% to $9,400.6 million, with same-store new vehicle units down 2.7% and used retail units down 3.2%. Lithia acquired two stores in the quarter, expected to generate $150 million in annualized revenues, divested two representing $115 million, and has acquired $1.17 billion in expected annualized revenues year to date. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

On a reported basis Lithia sold 105,471 new vehicles at an average of $46,777 and 109,791 used vehicles at retail at an average of $29,499, up 3.9%. Gross profit per used retail unit rose 11.1% to $1,970, while new vehicle gross profit per unit fell 5.7% to $2,635 and finance and insurance per unit fell 4.7% to $1,733. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

Lithia & Driveway's GAAP diluted EPS of $13.22 was well above its adjusted diluted EPS of $10.34 in Q3 2026. The difference is mostly an $88.8 million investment gain, the unrealized gain on its stake in Pinewood Technologies Group PLC, worth $2.95 a share. Adjusted EPS also adds back a net loss on disposal of stores ($0.19) and insurance reserves ($0.03) and removes a tax attribute ($0.15). A year earlier the adjustments ran the other way, lifting EPS from $8.61 to $9.50. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

Lithia's diluted shares fell 12.7% to 22.0 million from 25.2 million, so adjusted EPS rose 9% even though adjusted net income fell 5% to $229.3 million. Lithia repurchased approximately 246,000 shares at a weighted average price of $345 in the quarter, has repurchased 8.7% of outstanding shares in 2026, and had approximately $535 million left under its authorization at September 30, 2026. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

Floor plan interest expense, the cost of financing inventory, rose 21.6% to $70.3 million, and the income tax rate was 25.1%, against 22.5% a year earlier. Financing Operations income rose to $32.3 million from $19.1 million. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Lithia & Driveway does not publish an outlook in its earnings release. It posts an updated results presentation on its investor relations website and holds a conference call on the day of the release. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

For the first nine months of 2026 Lithia reported revenues of $29.0 billion, up 2%, diluted EPS of $28.77, against $26.42, and adjusted diluted EPS of $27.61, against $26.60. The board approved a dividend of $0.75 per share for the third quarter, a 7% increase. (Lithia & Driveway Q3 2026 release, Oct 21, 2026)

A consensus figure is the average of the models published by the analysts who cover Lithia & Driveway, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Lithia & Driveway's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LAD is on is LAD a buy or a sell?, what analysts expect next is on the LAD forecast, and what the company does is on the Lithia Motors (LAD) stock page.

Every number on this page can be traced to a document Lithia & Driveway published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.