Lithia & Driveway (LAD) Reports First Quarter Results

Key Highlights Record first quarter revenues of $9.3 billion Used vehicle revenue increased 4.6% on a same store basis in the quarter Used retail GPUs increased 9%, or $133, sequentially Aftersales revenue increased 3.8%, gross profit increased by 5.7% and gross margin was 58.7%, a 100-basis point increase, on a same-store basis Driveway Finance Corporation achieved record originations of $840 million, with an 18.0% penetration rate and an average FICO score of 750 in the quarter First quarter diluted earnings per share of $4.28 and adjusted diluted earnings per share of $7.34 Repurchased $259 million of shares, representing 4.0% of outstanding shares in the quarter MEDFORD, Ore., April 29, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD), the largest global automotive retailer, today reported financial results for the first quarter of 2026.