# Lithia & Driveway Posts Record $9.9 Billion Quarter as Diluted EPS Climbs 54%

> Lithia & Driveway reported $9.9 billion in third-quarter revenue and raised its quarterly dividend 7% to $0.75 per share as diluted EPS rose 54% to $13.22.

- Published: 2026-10-21T10:20:31+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-21/lithia-driveway-q3-earnings-eps-dividend
- Source: [Stock Titan](https://www.stocktitan.net/news/LAD/lithia-driveway-lad-reports-third-quarter-results-achieves-54-9n7mobp38nab.html)

## Key takeaways

- Lithia & Driveway reported third-quarter 2026 revenue of $9.9 billion, up 3% from $9.7 billion a year earlier.
- Diluted earnings per share rose 54% to $13.22, while adjusted diluted earnings per share increased 9% to $10.34.
- The board approved a 7% dividend increase to $0.75 per share, payable November 20, 2026 to shareholders of record on November 6, 2026.

[Lithia & Driveway](https://akta.pro/company-profiles/0000fab/lithia-driveway) reported third-quarter 2026 revenue of $9.9 billion, up 3% from $9.7 billion a year earlier, and diluted earnings per share of $13.22, a 54% increase. The company said adjusted diluted earnings per share rose 9% to $10.34, and its board raised the quarterly dividend 7% to $0.75 per share.

## Lithia's Record Quarter and Dividend Increase

Lithia & Driveway is the largest global automotive retailer, operating dealerships across the United States, Canada and the United Kingdom, according to [company records](https://akta.pro/company-data). Third-quarter net income was $292.9 million, a 34.0% increase from $218.6 million a year earlier, while adjusted net income fell 5% to $229.3 million from $240.9 million.

"Our people and our ecosystem set Lithia & Driveway apart again this quarter, delivering record quarterly revenues and continued growth in earnings per share," said Bryan DeBoer, President and CEO.

Financing Operations income reached $32.3 million, a 69% increase, on record originations of $937 million and an 18.3% penetration rate. Aftersales gross profit rose 2.4% on a same-store basis, with gross margin of 59.5%, a 100-basis-point increase. The company repurchased about 246,000 shares during the quarter at a weighted average price of $345, leaving roughly $535 million available under its current authorization as of September 30, 2026.

## Lithia's Dealership Acquisitions and Board Changes

Lithia acquired two stores in the quarter expected to generate $150 million in annualized revenues and divested two stores representing $115 million in annualized revenues. In October 2026, it added two Hyundai and two Kia stores in Memphis, Tennessee, expected to add $250 million in annualized revenue, bringing year-to-date acquired expected annualized revenues to $1.17 billion.

The board appointed Bryan B. DeBoer as Chairman effective October 19, 2026, while he continues as President and Chief Executive Officer. Sidney B. DeBoer became Vice Chairman and remains on the board, and Louis P. Miramontes continues as Lead Independent Director.

## Lithia's Recent Deals and Leadership Moves

In May 2026, Lithia entered a $60 million long-term contract with Pinewood Technologies for an AI-powered Dealer Management System across its dealership network, according to akta.pro company records. In November 2025, it acquired Porsche Beverly Hills and Audi Santa Monica, contributing approximately $450 million in annualized revenue.

[Stock Titan](https://www.stocktitan.net/news/LAD/lithia-driveway-lad-reports-third-quarter-results-achieves-54-9n7mobp38nab.html) reported on October 6, 2026 that Lithia & Driveway promoted Katie Macaddino to Chief People Officer, continuing her leadership of the global People & Culture organization. On October 1, 2026, FinancialContent Business Page reported that Dave Cantin Group advised Lithia & Driveway on the sale of Audi Downtown LA and Volkswagen of Downtown LA to Grace Motorcars, closing September 28.

## Lithia's Dividend Payment Date

The dividend is expected to be paid on November 20, 2026 to shareholders of record on November 6, 2026. Lithia ended the quarter with approximately $1.4 billion in cash and cash equivalents, marketable securities, and availability on its revolving lines of credit.

## Companies in this story

- [Lithia & Driveway company profile](https://akta.pro/company-profiles/0000fab/lithia-driveway) · website: https://www.lithiadriveway.com

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