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LITHIA MOTORS INC

For the period ended Sep 30, 2025. Filed Oct 24, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 24, 2025

LAD$308.77-2.4%Stored close · as of Nov 6, 2026

What changed in Risk Factors?

Read the current filing

Previous report: 10-Q

Period ended 2025-06-30; filed 2025-07-30.

0001023128-25-000094

Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of Proceeds

Current report: 10-Q

Period ended 2025-09-30; filed 2025-10-24.

0001023128-25-000125

Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of Proceeds

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 11 previous paragraphs and 11 current paragraphs.

4 unchanged; 5 reworded; 2 added; 1 removed; 1 previous and 0 current paragraphs rearranged.

Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Added paragraphs (2)

Current report

our Board approved an additional $750 million repurchase authorization of our common stock. These authorizations were in
Removed paragraphs (1)
Reworded paragraphs (5)

Previous wording

We repurchased the following shares of our common stock during thesecond quarter of 2025:

Current wording

We repurchased the following shares of our common stock during thethird quarter of 2025:

Previous wording

1 On June 4, 2024, our Board approved an additional $350 million repurchase authorization of our common stock and in

Current wording

1 On June 4, 2024, our Board approved an additional $350 million repurchase authorization of our common stock, in March

Previous wording

March 2025, our Board again approved an additional $350 million repurchase authorization of our common stock. These

Current wording

2025, our Board approved an additional $350 million repurchase authorization of our common stock, and in August 2025,

Previous wording

authorizations were in addition to the amount previously authorized by the Board for repurchase. There are no expiration

Current wording

addition to the amount previously authorized by the Board for repurchase. There are no expiration dates for the share

Previous wording

2 Of the shares repurchased in thesecond quarter of 2025,88 shares were related to tax withholding upon the vesting of

Current wording

2 Of the shares repurchased in thethird quarter of 2025,124 shares were related to tax withholding upon the vesting of RSUs.
Rearranged previous paragraphs (1)

Previous report — wording carried elsewhere

dates for the share repurchase authorizations.