Filing Flows › Lithia Motors (LAD) › Q3 2026
Lithia Motors (LAD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Lithia Motors (LAD) reported revenue of $9.9B for the third quarter 2026 (Q3 2026), +3% from a year earlier and +2% from the quarter before. Operating margin was 4.2%, net earnings $293M (2.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9B | +2% | +3% |
| Gross profit | $1.5B | -0.1% | +2% |
| Operating profit | $420M | -6% | -0.3% |
| Net earnings | $293M | +12% | +34% |
| Operating cash flow | −$30.8M | — | — |
What changed
Revenue was $9.9B in Q3 2026, up 3% year over year and up 2% from the previous quarter. New vehicle was the largest line at 49% of revenue. Used vehicles added $0.17B year over year (up 5%), 62% of the total change. Finance and insurance declined 5%.
Gross margin was 15.0%, down 0.1 points from Q3 2025. Operating profit was $0.42B, a 4.2% margin (down 0.1 points year over year). Operating profit fell $1.4M even though revenue rose $0.27B versus Q3 2025, so costs grew faster than sales. Operating expenses grew 3% against revenue growth of 3%. Net earnings were $0.29B, up 34% year over year. The effective tax rate was 25.1%.
Operating cash flow was −$0.03B. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.13B.
Questions
What was Lithia Motors' revenue in the third quarter 2026?
Lithia Motors (LAD) reported revenue of $9.9B for the third quarter 2026 (Q3 2026), +3% from a year earlier and +2% from the quarter before.
Was Lithia Motors profitable in the third quarter 2026?
Operating profit was $420M (4.2% of revenue) and net earnings $293M.
Source: Lithia Motors 10-Q on SEC EDGAR.