Lithia Motors (LAD) Stock Buybacks: 25.5% of Shares Retired Since 2021

Name: Lithia Motors (LAD) shares outstanding since 2003, split adjusted
Creator: Buyback Radar
License: https://creativecommons.org/licenses/by/4.0/

Shares outstanding, 2003 to todaysplit adjusted, from SEC filings

2003, 18,633,7592026-07-29, 21,983,116

Early years use the fiscal-year average share count from the 10-K.

A share bought in 2009

1.2× more of Lithia Motors today, without buying another share. It was one of 25,875,237 shares then. It is one of 21,983,116 now.

Every filing we read23 fiscal years, split adjusted

Fiscal year	Date	Shares outstanding	Filing
2003	2004-03-08	18,633,759	10-K	cover page
2004	2005-03-08	19,114,333	10-K	cover page
2005	2006-03-01	19,489,003	10-K	cover page
2006	2007-03-06	19,618,032	10-K	cover page
2007	2008-04-10	20,047,447	10-K	cover page
2008	2009-03-16	20,680,581	10-K	cover page
2009	2010-03-03	25,875,237	10-K	cover page
2010	2010-12-31	26,062,000	10-K	fiscal-year average
2011	2011-12-31	26,230,000	10-K	fiscal-year average
2012	2012-12-31	25,696,000	10-K	fiscal-year average
2013	2013-12-31	25,805,000	10-K	fiscal-year average
2014	2014-12-31	26,121,000	10-K	fiscal-year average
2015	2015-12-31	26,290,000	10-K	fiscal-year average
2016	2016-12-31	25,400,000	10-K	fiscal-year average
2017	2017-12-31	25,100,000	10-K/A	fiscal-year average
2018	2018-12-31	24,400,000	10-K	fiscal-year average
2019	2019-12-31	23,200,000	10-K	fiscal-year average
2020	2020-12-31	23,800,000	10-K	fiscal-year average
2021	2022-02-18	29,487,889	10-K
2022	2023-02-24	27,338,411	10-K
2023	2024-02-23	27,530,936	10-K
2024	2025-02-24	26,286,746	10-K
2025	2026-02-25	23,374,910	10-K

Source: all 10-K filings of Lithia Motors on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

Lithia Motors buybacks, answered

Is Lithia Motors buying back its stock?

Yes. Lithia Motors has 9.3% fewer shares outstanding than twelve months ago, 21,983,116 as of July 29, 2026. Over five years the share count is down 27.4%.

How many shares has Lithia Motors bought back?

Net of every new share it issued, Lithia Motors has 7.5 million fewer shares than at its 2021 peak. That is 25.5% of the company. Since fiscal 2022 alone it bought back about 6.8 million shares, while the count fell by 5.4 million. The difference went to employees and other new shares.

How many shares does Lithia Motors have outstanding?

21,983,116 shares, as of July 29, 2026, from the cover page of its latest 10-Q. At the 2021 peak it had 29,487,889.

What do Lithia Motors' buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Lithia Motors stock in 2021 owns 1.3 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Lithia Motors compare with other cannibal stocks?

Lithia Motors ranks No. 199 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Pool Corporation (25.8%), D.R. Horton (25.7%), Fedex (25.4%), Pnc Financial Services Group (25.3%).

Every answer is computed from Lithia Motors' own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.