Filing Flows › Lithia Motors (LAD) › Q3 2026 › vs Q3 2025
Lithia Motors (LAD) Q3 2026 vs Q3 2025 (year over year)
Lithia Motors's revenue rose $271M (+3%) from $9.7B in Q3 2025 to $9.9B in Q3 2026. The biggest changes: Used vehicles +$167M (+5%); New vehicle +$76.2M (+2%); Aftersales +$45.1M (+4%). Gross margin 15.0% against 15.2% (-0.1 pts).
Lithia Motors, Q3 2026: revenue $9.9B (+3% year over year), operating margin 4.2%, net earnings $293M, operating cash flow −$30.8M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 15.0% | 15.2% | -0.1 pts |
| Operating margin | 4.2% | 4.4% | -0.1 pts |
| Net margin | 2.9% | 2.3% | +0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| New vehicle | $4.9B | $4.8B | $76.2M | +2% |
| Used vehicles | $3.6B | $3.5B | $167M | +5% |
| Aftersales | $1.1B | $1.0B | $45.1M | +4% |
| Finance and insurance | $361M | $379M | −$17.2M | -5% |
| Revenue | $9.9B | $9.7B | $271M | +3% |
| Gross profit | $1.5B | $1.5B | $29.8M | +2% |
| Cost of revenue | $8.5B | $8.2B | $241M | +3% |
| Operating profit | $420M | $422M | −$1.4M | -0.3% |
| Operating expenses | $1.1B | $1.0B | $31.2M | +3% |
| Pre-tax earnings | $391M | $282M | $109M | +39% |
| SG&A | $1.0B | $998M | $38.3M | +4% |
| Other operating costs | $39.3M | $46.4M | −$7.1M | -15% |
| Net earnings | $293M | $219M | $74.3M | +34% |
| Income tax | $98.1M | $63.6M | $34.5M | +54% |
| Operating cash sources | $431M | $412M | $18.8M | +5% |
| Depreciation & amortization | $91.5M | $81.4M | $10.1M | +12% |
| Share-based compensation | $16.0M | $14.0M | $2.0M | +14% |
| Cash used in operations | $30.8M | $98.4M | −$67.6M | -69% |
| Working capital & other | $431M | $412M | $18.8M | +5% |
Questions
How much did Lithia Motors's revenue grow year over year in Q3 2026?
Lithia Motors's revenue rose $271M (+3%) from $9.7B in Q3 2025 to $9.9B in Q3 2026.
What drove Lithia Motors's revenue change in Q3 2026?
Used vehicles +$167M (+5%); New vehicle +$76.2M (+2%); Aftersales +$45.1M (+4%).