v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
Total revenues $ 9,791.3 $ 9,583.0 $ 19,062.7 $ 18,761.2
Cost of sales        
Total cost of sales 8,293.9 8,097.9 16,143.6 15,865.8
Gross profit 1,497.4 1,485.1 2,919.1 2,895.4
Finance operations income 36.5 20.1 57.8 32.6
Selling, general and administrative 1,014.7 1,014.7 2,052.1 1,967.4
Depreciation and amortization 70.9 65.2 140.7 129.0
Operating profit 448.3 425.3 784.1 831.6
Floor plan interest expense (69.7) (55.0) (125.6) (112.0)
Other interest expense, net (62.7) (66.7) (132.9) (132.2)
Other income (expense), net 36.2 48.5 (31.5) 49.3
Income before income taxes 352.1 352.1 494.1 636.7
Income tax provision (90.5) (93.9) (130.4) (167.3)
Net income 261.6 258.2 363.7 469.4
Net income attributable to non-controlling interest (1.6) (2.1) (3.3) (3.8)
Net income attributable to Lithia Motors, Inc. $ 260.0 $ 256.1 $ 360.4 $ 465.6
Basic earnings per share attributable to Lithia Motors, Inc. common stockholders (in dollars per share) $ 11.56 $ 9.89 $ 15.71 $ 17.83
Shares used in basic per share calculations (in shares) 22.5 25.9 22.9 26.1
Diluted earnings per share attributable to Lithia Motors, Inc. common stockholders (in dollars per share) $ 11.54 $ 9.87 $ 15.68 $ 17.80
Shares used in diluted per share calculations (in shares) 22.5 25.9 23.0 26.2
Cash dividends paid per share (in dollars per share) $ 0.57 $ 0.55 $ 1.12 $ 1.08
New vehicle        
Revenues        
Total revenues $ 4,829.2 $ 4,703.5 $ 9,208.6 $ 9,283.9
Cost of sales        
Total cost of sales 4,545.2 4,390.1 8,665.0 8,677.1
Used vehicles        
Revenues        
Total revenues 3,528.3 3,478.3 7,017.7 6,728.8
Cost of sales        
Total cost of sales 3,314.3 3,273.0 6,616.0 6,334.8
Finance and insurance        
Revenues        
Total revenues 366.4 373.8 726.1 738.1
Aftersales        
Revenues        
Total revenues 1,067.4 1,027.4 2,110.3 2,010.4
Cost of sales        
Total cost of sales $ 434.4 $ 434.8 $ 862.6 $ 853.9