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Lithia Motors LAD Vehicle Operations — Advertising Expense

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Other financials

Income statement

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Revenue$9.3B+1.0%
Gross profit$1.4B+0.8%
Operating income$335.8M-17.4%
Net income$100.4M-52.1%
EPS (diluted)$4.28-46.1%

Balance sheet

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Cash & equivalents$137.8M
Total debt$651.8M+9.2%
Total equity$6.4B-5.5%
Total assets$25.7B+9.7%

Cash flow

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Operating cash flow-$108.4M-134%
CapEx$97.1M+41.3%
Free cash flow-$205.5M-181%

Valuation

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Market cap$6.72B-24.6%
P/E9.5×-1.1×
P/S0.2×-0.1×

Profitability

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Gross margin15.2%-0.1pp
Operating margin4%-0.4pp
Net margin1.9%-0.4pp
FCF margin-0.8%-0.3pp

Returns & leverage

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Return on equity10.8%-2.1pp
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 us-gaap:AdvertisingExpense.

The official record: Lithia Motors’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lithia Motors's vehicle operations — advertising expense?
Lithia Motors (LAD) reported vehicle operations — advertising expense of $79.7M in Q1 2026.
How has Lithia Motors's vehicle operations — advertising expense changed year-over-year?
Lithia Motors's vehicle operations — advertising expense increased by 14.0% year-over-year, from $69.9M to $79.7M.
What is the long-term trend for Lithia Motors's vehicle operations — advertising expense?
Over 3 years (2022 to 2025), Lithia Motors's vehicle operations — advertising expense has grown at a 2.4% compound annual growth rate (CAGR), from $270.3M to $289.9M.
What does vehicle operations — advertising expense mean?
This represents the marketing and promotional expenditures dedicated to driving customer traffic to dealership locations and online platforms. It measures the investment required to maintain brand visibility and sustain sales volume in a competitive retail environment.