LITHIA MOTORS (LAD) Company Report

Lithia & Driveway (NYSE: LAD) announced the acquisition of Porsche Beverly Hills and Santa Monica Audi, a transaction projected to contribute nearly $450 million in annual revenues to the company.
The acquired dealerships are located in the affluent West Side of Los Angeles, which is considered a prestigious luxury automotive market in the United States.
MD Johnson Inc. advised Geoff Emery, the President and CEO of the acquired dealerships, on the sale.

Nov 12, 2025, 2:00 PM

Press Release

Lithia & Driveway Expands Luxury Network and Recognized as Growth Leader

LAD

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Lithia & Driveway (LAD) announced the acquisition of Porsche Beverly Hills and Audi Santa Monica, which are estimated to bring $450 million in annualized revenue.
These acquisitions contribute to LAD's total year-to-date expected annualized revenue acquired of $2.1 billion, financed using existing on-balance sheet capacity.
The company anticipates these luxury stores will deliver meaningful, accretive earnings and align with their disciplined return hurdle rates.
Additionally, LAD has been ranked #165 on TIME's list of America's Growth Leaders of 2026.

Nov 11, 2025, 10:30 AM

Press Release

Lithia & Driveway Expands Retail Network and Receives Workplace Recognition

LAD

M&A

New Projects/Investments

Lithia & Driveway (LAD) acquired three Hyundai dealerships in Orange County, California, projected to add an estimated $440 million in annualized revenue.
This strategic purchase increases LAD's network density and import mix in Southern California, bringing the total year-to-date expected annualized U.S. revenue acquired to $1.16 billion. The acquisition was financed using existing on-balance sheet capacity and purchased for less than 10% of revenues.
The acquisitions also complement LAD's electrification strategy, with BEVs representing 10% of LAD's new retail sales in Q3, up from 8% in prior quarters.
Additionally, eight of LAD's Canadian dealerships were named to Automotive News' 2025 Canada Best Dealerships To Work For list, representing 20 percent of all recognized dealerships.

Oct 28, 2025, 9:30 AM

Press Release

LAD Reports Strong Q3 2025 Financial Performance

LAD

Earnings

Revenue Acceleration/Inflection

Share Buyback

LAD reported strong Q3 2025 financial results, with quarterly revenue of $9.7 billion, up 4.9% year-over-year, and adjusted diluted EPS of $9.5, an increase of 17%. Adjusted EBITDA grew 7.7% to $438 million.
The company achieved significant growth in key segments, including an 11.8% increase in used retail revenue and a 9.1% rise in aftersales gross profit, with aftersales margins expanding to 58.4%. Same store revenue increased 7.7%.
Cost discipline was evident, with North America adjusted SG&A remaining flat sequentially at 64.8%.
LAD actively returned capital to shareholders, repurchasing 5.1% of outstanding shares in Q3 2025 at an average price of $312. Year-to-date, 8% of outstanding shares have been repurchased.
Driveway Finance Corporation (DFC) continued to scale, contributing $19 million in financing operations income for the quarter, and achieving a North America penetration rate of 14.5%.

Oct 22, 2025, 2:00 PM

Transcript

LAD Reports Strong Q3 2025 Financial Results with Double-Digit EPS Growth and Significant Share Buybacks

LAD

Earnings

Share Buyback

M&A

LAD reported strong Q3 2025 financial results, with revenue of $9.7 billion, up 4.9% year-over-year, and adjusted diluted EPS of $9.50, an increase of 17%. Adjusted EBITDA also increased 7.7% year-over-year to $438 million.
The company experienced robust growth in key business lines, with same-store revenue increasing 7.7%, used retail revenue up 11.8%, and after-sales gross profit rising 9.1%.
LAD generated $174 million in free cash flow and focused on returning capital to shareholders, repurchasing 5.1% of outstanding shares in Q3 2025 at an average price of $312.
The company reiterated its $2 billion acquisition revenue estimate for 2025, maintaining a disciplined approach with a 15% minimum after-tax return.
Adjusted SG&A as a percentage of gross profit was 67.9%, with North America's adjusted SG&A remaining flat sequentially at 64.8%, reflecting cost discipline.

Oct 22, 2025, 2:00 PM

Transcript

LAD Reports Q3 2025 Financial Results and DFC Performance

LAD

Earnings

Guidance Update

New Projects/Investments

LAD reported total revenues of $9,583.0 million and operating income of $425.3 million for Q3 2025.
The Driveway Finance Corporation (DFC) achieved $732 million in originations at an average APR of 8.8% in Q3 2025, contributing $20.1 million to financing operations income. DFC's portfolio size reached $3.5 billion YTD Q3 2025, with DFC loans being approximately 3X more profitable than third-party loans.
Aftersales revenue for Q3 2025 was $1,023.4 million, with customer pay comprising 57% of the revenue mix, and margins are projected to be 55% to 58% for 2025.
For YTD 2025, adjusted diluted earnings per share attributable to LAD was $26.60.

Oct 22, 2025, 2:00 PM

Presentation

Lithia & Driveway Reports Record Q3 2025 Revenue and Increased Earnings

LAD

Earnings

Dividends

Share Buyback

Lithia & Driveway (LAD) reported record third quarter 2025 revenue of $9.7 billion, a 5% increase from the same period in 2024, with revenues for the first nine months of 2025 reaching $28.4 billion.
Diluted earnings per share attributable to LAD for Q3 2025 increased 11% to $8.61, and adjusted diluted earnings per share rose 17% to $9.50 compared to Q3 2024.
The company announced a dividend of $0.55 per share for Q3 2025 and repurchased 5.1% of outstanding shares during the quarter, totaling 8.0% for the first nine months of 2025.
In September 2025, LAD expanded its network with acquisitions expected to add $220 million in annualized revenue, contributing to a year-to-date total of $620 million in acquired annualized revenues as of September 30, 2025.

Oct 22, 2025, 12:35 PM

8-K

Lithia & Driveway Reports Record Third Quarter Revenue and Increased Earnings Per Share

LAD

Earnings

Dividends

Share Buyback

Lithia & Driveway (LAD) achieved record third quarter 2025 revenue of $9.7 billion, representing a 5% increase from the third quarter of 2024.
Diluted earnings per share attributable to LAD increased 11% to $8.61, and adjusted diluted earnings per share rose 17% to $9.50 in the third quarter of 2025 compared to the same period in the prior year.
The company repurchased 5.1% of outstanding shares during the third quarter of 2025 and declared a dividend of $0.55 per share for the quarter.
Total revenue on a same store basis increased by 7.7% in the third quarter of 2025 compared to the third quarter of 2024.

Oct 22, 2025, 9:30 AM

Press Release

Lithia & Driveway Acquires Stivers Subaru in Decatur, Ga.

LAD

M&A

New Projects/Investments

Lithia & Driveway (NYSE: LAD) acquired Stivers Subaru in Decatur, Ga., with the transaction finalizing on October 13.
The acquisition expands Lithia's presence in the metro Atlanta market, identified by CEO Bryan DeBoer as a key growth market.
This transaction marks Lithia's seventh involving The Presidio Group in the last five years.
Subaru is considered a highly sought-after brand in the market, consistently ranking among retailers' most desirable brands.

Oct 14, 2025, 11:57 AM

Press Release

LAD Acquires Stivers Decatur Subaru, Expanding Southeast Network

LAD

M&A

New Projects/Investments

Revenue Acceleration/Inflection

On October 14, 2025, Lithia & Driveway (LAD) acquired Stivers Decatur Subaru in the Atlanta market.
This acquisition is projected to add an estimated $100 million in annualized revenue.
The strategic move increases LAD's network density in the Southeast region and strengthens its import vehicle mix.
With this addition, LAD's total year-to-date annualized U.S. revenue acquired now stands at $720 million.
The acquisition was financed using existing on-balance sheet capacity.

Oct 14, 2025, 9:30 AM

Press Release

Filings & Transcripts

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