Filing Flows › Lithia Motors (LAD) › Q2 2026 › vs Q1 2026
Lithia Motors (LAD) Q2 2026 vs Q1 2026 (quarter over quarter)
Lithia Motors's revenue rose $520M (+6%) from $9.3B in Q1 2026 to $9.8B in Q2 2026. The biggest changes: New vehicle +$450M (+10%); Used vehicles +$38.9M (+1%); Aftersales +$24.5M (+2%). Gross margin 15.3% against 15.3% (-0.0 pts).
Lithia Motors, Q2 2026: revenue $9.8B (+2% year over year), operating margin 4.6%, net earnings $262M, operating cash flow −$65.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 15.3% | 15.3% | -0.0 pts |
| Operating margin | 4.6% | 3.6% | +1.0 pts |
| Net margin | 2.7% | 1.1% | +1.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| New vehicle | $4.8B | $4.4B | $450M | +10% |
| Used vehicles | $3.5B | $3.5B | $38.9M | +1% |
| Aftersales | $1.1B | $1.0B | $24.5M | +2% |
| Finance and insurance | $366M | $360M | $6.7M | +2% |
| Revenue | $9.8B | $9.3B | $520M | +6% |
| Gross profit | $1.5B | $1.4B | $75.7M | +5% |
| Cost of revenue | $8.3B | $7.8B | $444M | +6% |
| Operating profit | $448M | $336M | $112M | +34% |
| Operating expenses | $1.0B | $1.1B | −$36.8M | -3% |
| Pre-tax earnings | $352M | $142M | $210M | +148% |
| Other expense, net | $96.2M | $194M | −$97.6M | -50% |
| SG&A | $1.0B | $1.0B | −$22.7M | -2% |
| Other operating costs | $34.4M | $48.5M | −$14.1M | -29% |
| Net earnings | $262M | $102M | $160M | +156% |
| Income tax | $90.5M | $40.0M | $50.5M | +126% |
| Operating cash sources | $427M | $309M | $119M | +38% |
| Depreciation & amortization | $88.4M | $86.3M | $2.1M | +2% |
| Share-based compensation | $11.7M | $12.1M | −$400K | -3% |
| Cash used in operations | $65.7M | $108M | −$42.7M | -39% |
| Working capital & other | $427M | $309M | $119M | +38% |
Questions
How much did Lithia Motors's revenue grow quarter over quarter in Q2 2026?
Lithia Motors's revenue rose $520M (+6%) from $9.3B in Q1 2026 to $9.8B in Q2 2026.
What drove Lithia Motors's revenue change in Q2 2026?
New vehicle +$450M (+10%); Used vehicles +$38.9M (+1%); Aftersales +$24.5M (+2%).