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Lithia Motors LAD Vehicle Operations — Advertising Expense

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Other financials

Income statement

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Revenue$9.8B+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 us-gaap:AdvertisingExpense.

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
Floor plan interest expense(69.7)(55.0)(125.6)(112.0)
Personnel expense(560.1)(546.6)(1,101.2)(1,060.7)
Rent and facility expense(201.1)(181.2)(403.3)(363.6)
Advertising expense(78.5)(72.4)(158.3)(142.3)
Other vehicle operations expenses1(291.9)(276.7)(601.9)(555.0)
Vehicle operations income296.1353.2528.8661.9
Financing Operations
Interest and fee income116.498.8226.9193.2

Item 1. Financial Statements

FAQ

What is Lithia Motors's vehicle operations — advertising expense?
Lithia Motors (LAD) reported vehicle operations — advertising expense of $78.5M in Q2 2026.
How has Lithia Motors's vehicle operations — advertising expense changed year-over-year?
Lithia Motors's vehicle operations — advertising expense increased by 8.4% year-over-year, from $72.4M to $78.5M.
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.

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