Filing Flows › Lithia Motors (LAD) › Q2 2026 › vs Q2 2025
Lithia Motors (LAD) Q2 2026 vs Q2 2025 (year over year)
Lithia Motors's revenue rose $208M (+2%) from $9.6B in Q2 2025 to $9.8B in Q2 2026. The biggest changes: New vehicle +$126M (+3%); Used vehicles +$50.0M (+1%); Aftersales +$40.0M (+4%). Gross margin 15.3% against 15.5% (-0.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 15.3% | 15.5% | -0.2 pts |
| Operating margin | 4.6% | 4.4% | +0.1 pts |
| Net margin | 2.7% | 2.7% | -0.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| New vehicle | $4.8B | $4.7B | $126M | +3% |
| Used vehicles | $3.5B | $3.5B | $50.0M | +1% |
| Aftersales | $1.1B | $1.0B | $40.0M | +4% |
| Finance and insurance | $366M | $374M | −$7.4M | -2% |
| Revenue | $9.8B | $9.6B | $208M | +2% |
| Gross profit | $1.5B | $1.5B | $12.3M | +0.8% |
| Cost of revenue | $8.3B | $8.1B | $196M | +2% |
| Operating profit | $448M | $425M | $23.0M | +5% |
| Operating expenses | $1.0B | $1.1B | −$10.7M | -1% |
| Pre-tax earnings | $352M | $352M | $0 | 0% |
| Other expense, net | $96.2M | $73.2M | $23.0M | +31% |
| SG&A | $1.0B | $1.0B | $0 | 0% |
| Other operating costs | $34.4M | $45.1M | −$10.7M | -24% |
| Net earnings | $262M | $258M | $3.4M | +1% |
| Income tax | $90.5M | $93.9M | −$3.4M | -4% |
| Operating cash sources | $427M | $345M | $82.0M | +24% |
| Depreciation & amortization | $88.4M | $80.4M | $8.0M | +10% |
| Share-based compensation | $11.7M | $16.1M | −$4.4M | -27% |
| Cash used in operations | $65.7M | −$9.3M | $75.0M | — |
| Working capital & other | $427M | $345M | $82.0M | +24% |
Questions
How much did Lithia Motors's revenue grow year over year in Q2 2026?
Lithia Motors's revenue rose $208M (+2%) from $9.6B in Q2 2025 to $9.8B in Q2 2026.
What drove Lithia Motors's revenue change in Q2 2026?
New vehicle +$126M (+3%); Used vehicles +$50.0M (+1%); Aftersales +$40.0M (+4%).