Lithia Motors shares jumped after the automotive retailer raised its quarterly dividend by 23% to $0.70 per share and repurchased 3.7% of its outstanding stock in the second quarter. Revenue rose 2% year over year to $9.8 billion, while adjusted earnings per share increased 9% to $10.03. The company acquired five stores expected to generate $340 million in annualized sales and sold three locations with $120 million in annualized revenue. CEO Bryan DeBoer credited dynamic pricing for a $339 sequential increase in used retail gross profit per unit to $2,019. Lithia has repurchased 7.6% of its shares in the first half of 2026, funneling higher profits back to shareholders.
Lithia Motors IncLithia Motors raised dividend by 23% and aggressively repurchased shares, signaling strong financial health and shareholder returns.