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Lithia & Driveway Shares Surge on Earnings Beat

Investors pushed Lithia & Driveway stock up 13% to $406.11 following a second-quarter report that surpassed Wall Street expectations. The automotive retailer’s performance marks a significant year-to-date gain of over 22%, signaling strong market confidence despite broader fluctuations in the retail auto sector.

By Money Talk·July 29, 2026·2 min read·905 reads

Lithia & Driveway Shares Surge on Earnings Beat

The company reported net income of $260 million, or $11.54 per share, improving on the $256.1 million, or $9.87 per share, recorded during the same period last year. Revenue reached $9.79 billion, comfortably beating the $9.64 billion consensus forecast from analysts polled by FactSet.

Beyond the quarterly results, management announced a 23% increase in the quarterly dividend to 70 cents per share. This payout is scheduled for August 21 to shareholders of record as of August 7.

Lithia & Driveway Shares Surge on Earnings Beat

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