8/1010 sources · 5 publishersUpdated Oct 21, 19:41 UTC
Lithia reports Q3 earnings beat and raises quarterly dividend
Lithia & Driveway reported third-quarter 2026 revenue of $9.95B, GAAP diluted EPS of $13.22, up 54% year over year, and adjusted diluted EPS of $10.34, up 9%. The automotive retailer raised its quarterly dividend 7% to $0.75 per share and repurchased $85M of stock during the quarter. Bryan DeBoer was appointed chairman while retaining his roles as president and CEO.
Why it matters
The dividend increase raises Lithia’s per-share cash distribution, while the buyback reduces its share count. The company said the lower share count magnified earnings per share.
Key facts
- 1Lithia reported third-quarter revenue of $9.95B. finance.yahoo.com
- 2Third-quarter GAAP diluted EPS was $13.22, a 54% increase year over year. tradingview.com
- 3Third-quarter adjusted diluted EPS was $10.34, up 9% year over year. tradingview.com
- 4The company raised its quarterly dividend by 7% to $0.75 per share. tradingview.com
- 5Lithia repurchased approximately 246,000 shares during the quarter, representing 1.1% of outstanding shares. investing.com
- 6Bryan B. DeBoer became chairman effective October 19, 2026, while continuing as president and CEO. stocktitan.net
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.