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Lithia Motors LAD Vehicle Operations — Total gross profit

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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:GrossProfit.

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, except per share amounts; Unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Used vehicle retail3,314.33,273.06,616.06,334.8
Aftersales434.4434.8862.6853.9
Total cost of sales8,293.98,097.916,143.615,865.8
Gross profit1,497.41,485.12,919.12,895.4
Finance operations income36.520.157.832.6
Selling, general and administrative1,014.71,014.72,052.11,967.4
Depreciation and amortization70.965.2140.7129.0
Operating profit448.3425.3784.1831.6

Item 1. Financial Statements

FAQ

What is Lithia Motors's vehicle operations — total gross profit?
Lithia Motors (LAD) reported vehicle operations — total gross profit of $1.5B in Q2 2026.
How has Lithia Motors's vehicle operations — total gross profit changed year-over-year?
Lithia Motors's vehicle operations — total gross profit increased by 0.8% year-over-year, from $1.49B to $1.5B.
What is the long-term trend for Lithia Motors's vehicle operations — total gross profit?
Over 4 years (2021 to 2025), Lithia Motors's vehicle operations — total gross profit has grown at a 7.7% compound annual growth rate (CAGR), from $4.26B to $5.73B.
What does vehicle operations — total gross profit mean?
This is the difference between total revenue and the direct costs associated with acquiring and preparing vehicles for sale. It measures the fundamental profitability of the core automotive retail business before accounting for operating expenses.

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