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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:SellingGeneralAndAdministrativeExpense.

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
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
Floor plan interest expense(69.7)(55.0)(125.6)(112.0)
Other interest expense, net(62.7)(66.7)(132.9)(132.2)

Item 1. Financial Statements

FAQ

What is Lithia Motors's SG&A?
Lithia Motors (LAD) reported SG&A of $1.01B in Q2 2026.
How has Lithia Motors's SG&A changed year-over-year?
Lithia Motors's SG&A decreased by 0.0% year-over-year, from $1.01B to $1.01B.
What is the long-term trend for Lithia Motors's SG&A?
Over 4 years (2021 to 2025), Lithia Motors's SG&A has grown at a 12.5% compound annual growth rate (CAGR), from $2.46B to $3.94B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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