Filing Flows › Lithia Motors (LAD) › Q2 2025
Lithia Motors (LAD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Lithia Motors (LAD) reported revenue of $9.6B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +4% from the quarter before. Operating margin was 4.4%, net earnings $258M (2.7% of revenue).
Lithia Motors, Q2 2025: revenue $9.6B (+4% year over year), operating margin 4.4%, net earnings $258M, operating cash flow $9.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.6B | +4% | +4% |
| Gross profit | $1.5B | +5% | +4% |
| Operating profit | $425M | +5% | +8% |
| Net earnings | $258M | +22% | +19% |
| Operating cash flow | $9.3M | -97% | — |
What changed
Revenue was $9.6B in Q2 2025, up 4% year over year and up 4% from the previous quarter. New vehicle retail was the largest line at 47% of revenue. Used vehicle retail added $0.11B year over year (up 4%), 31% of the total change. Fleet and other declined 13%.
Gross margin was 15.5%, up 0.1 points from a year earlier. Operating profit was $0.43B, a 4.4% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, above the 4% margin then. Operating expenses grew 3% against revenue growth of 4%. Net earnings were $0.26B, up 20% year over year. The effective tax rate was 26.7%.
Operating cash flow was $0.01B, 4% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.35B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Lithia Motors' revenue in the second quarter 2025?
Lithia Motors (LAD) reported revenue of $9.6B for the second quarter 2025 (Q2 2025), +4% from a year earlier and +4% from the quarter before.
Was Lithia Motors profitable in the second quarter 2025?
Operating profit was $425M (4.4% of revenue) and net earnings $258M.
Source: Lithia Motors 10-Q on SEC EDGAR.