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Lithia Motors LAD Financing Operations — Lease Income, Net

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Other financials

Income statement

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Revenue$9.8B+2.2%
Gross profit$1.5B+0.8%
Operating income$448.3M+5.4%
Net income$260.0M+1.5%
EPS (diluted)$11.54+16.9%

Balance sheet

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Cash & equivalents$137.8M
Total debt$650.6M+6.7%
Total equity$6.4B-8.4%
Total assets$26.2B+8.6%

Cash flow

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Operating cash flow-$65.7M-806%
CapEx$56.3M-29.7%
Free cash flow-$122.0M

Valuation

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Market cap$8.1B+6.4%
P/E11.3×+2.8×
P/S0.2×0.0×

Profitability

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Gross margin15.2%-0.2pp
Operating margin4.1%-0.4pp
Net margin1.9%-0.5pp
FCF margin-1.3%

Returns & leverage

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Return on equity10.7%-2.7pp
Debt / equity0.1×0.0×
Current ratio-0.2×

Where this comes from

Reported directly by Lithia Motors in its filing.

Tagged under the XBRL concept lad:LeaseIncomeNet.

The source filing: Lithia Motors’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001023128-26-000051
(In millions)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total interest margin62.949.0121.795.3
Lease income26.423.750.344.2
Lease costs(22.5)(18.6)(42.7)(35.4)
Lease income, net3.95.17.68.8
Provision expense(15.8)(21.2)(42.2)(46.7)
Other financing operations expenses2(14.5)(12.8)(29.3)(24.8)
Financing operations income36.520.157.832.6
Total segment income for reportable segments332.6373.3586.5694.4

Item 1. Financial Statements

FAQ

What is Lithia Motors's financing operations — lease income, net?
Lithia Motors (LAD) reported financing operations — lease income, net of $3.9M in Q2 2026.
How has Lithia Motors's financing operations — lease income, net changed year-over-year?
Lithia Motors's financing operations — lease income, net decreased by 23.5% year-over-year, from $5.1M to $3.9M.
What is the long-term trend for Lithia Motors's financing operations — lease income, net?
Over 3 years (2022 to 2025), Lithia Motors's financing operations — lease income, net has grown at a 29.4% compound annual growth rate (CAGR), from $8.3M to $18M.
What does financing operations — lease income, net mean?
The net profit generated from leasing activities after deducting direct lease-related costs. This metric highlights the operational efficiency and profitability of the company's vehicle leasing program.

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