Q2 2026 Lithia Motors Inc Earnings Call Transcript

Jul 29, 2026 / 02:00 PM GMT

Release Date Price: $427.48 (+19.30%)

Transcript 10-Q8-K

Key Points

Positve

Lithia Motors Inc (LAD) reported record revenues of $9.8 billion and an adjusted diluted EPS of $10.03, up 9% from the previous year.
Driveway Finance Corporation achieved record originations, growing income by more than 70% year-over-year.
The company demonstrated significant improvements in SG&A as a percentage of gross profit, with a 290 basis point improvement from the first quarter.
Lithia Motors Inc (LAD) successfully executed strategic acquisitions worth $765 million in revenue while divesting $120 million of underperforming revenue.
The company repurchased $242 million of stock, reducing the share count by approximately 4%, and increased its dividend by 23% to $0.70 per share.

Negative

Same store revenues declined by 1.6% and total gross profit decreased by 2.7%, reflecting challenges in maintaining growth.
New vehicle revenue declined by 1.5% due to a 2.2% drop in units sold, indicating potential market challenges.
Despite improvements, the company still faces a challenging environment with cyclical conditions affecting brand mix, with domestic and luxury brands declining.
The company is still working towards achieving its sub-60% SG&A target, indicating ongoing cost management challenges.
There is uncertainty regarding the impact of Pinewood AI's rollout in North America, with potential disruptions at the store level.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LAD.N - Lithia Motors Inc
Q2 2026 Lithia Motors Inc Earnings Call
Jul 29, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Yeah.

Greetings.

Welcome to Lithia Motor and Driveway second quarter 2026 results call at this time, all participants are in a listed only mode.

A question-and-answer session will follow the formal presentation if anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

Please note this conference is being recorded.

I will now turn the conference over to Jardan Hademio, director of finance, thank you may begin.

Good morning, thank you for joining us for our second quarter earnings call.

With me today are Brian De Boer, President and CEO.

Tina Miller, senior Vice President and CFO and Chuck Leetz, senior Vice

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