Lithia Motors reports $10 billion in Q3 2026 revenue

Lithia Motors reported third-quarter 2026 adjusted diluted earnings per share of $10.34 on revenue of approximately $10 billion. The company attributed its performance to diversified revenue streams and disciplined pricing, which helped offset challenging retail conditions.

Key growth drivers included the expansion of higher-margin financing and service units. The company’s in-house lending arm, Driveway Finance Corporation, saw managed receivables grow 22% to $5 billion, generating $32 million in finance operations income.

Additionally, Lithia utilized dynamic AI pricing tools to increase used vehicle gross profit per unit by 13% year-over-year. To manage costs, the company is implementing Pinewood.AI, an artificial intelligence operating system designed to automate back-office administrative tasks and reduce selling, general, and administrative expenses.