LAD - Mergers and acquisitions

MEDFORD, Ore., March 03, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE:LAD) today announced the acquisition of Toyota of Gallatin in Gallatin, Tenn. and Mercedes-Benz of Medford in Medford, Ore., strengthening its portfolio across both luxury and core volume brands while expanding its presence in its hometown. "We are proud to welcome Toyota of Gallatin and Mercedes-Benz of Medford to the Lithia & Driveway family," said Bryan DeBoer, President and CEO. "Toyota of Gallatin marks our entry in the fast-growing Nashville market, and welcoming a premier luxury store in Medford, where our company was founded, makes this addition especially meaningful as we mark our 80th year serving customer

MEDFORD, Ore., Dec. 2, 2025 /PRNewswire/ -- In the quarter, LAD has invested $274 million to repurchase nearly 875,000 shares at a weighted average price of $313, representing 3.3% of outstanding shares. "Our share repurchases this quarter demonstrate our conviction in our resilient profitability, generative cash flows and omnichannel model," said Bryan DeBoer, Lithia and Driveway President and CEO. "Our strong balance sheet and shares trading below intrinsic value allows us to return capital while also strengthening our network through strategic acquisitions." To date this ye

BEVERLY HILLS, Calif., Nov. 12, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD), the largest publicly traded automotive retailer in the world, today announced the acquisition of Porsche Beverly Hills and Santa Monica Audi. The transaction, exclusively advised by MD Johnson Inc. on behalf of Geoff Emery, is projected to contribute nearly $450 million in annual revenues to Lithia & Driveway. Strategic Significance Located in the affluent West Side of Los Angeles, these dealerships serve Beverly Hills, Santa Monica, Bel Air, Holmby Hills, Brentwood, Hollywood, Venice, Pacific P

MEDFORD, Ore., Nov. 11, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced the acquisition of Porsche Beverly Hills and Audi Santa Monica. These luxury stores bring an estimated $450 million in annualized revenue and have the potential to be among the highest volume globally by brand. "We're excited to welcome Porsche Beverly Hills and Audi Santa Monica to the Lithia family-two iconic dealerships rooted in of the world's most prestigious and globally recognized luxury automotive markets. These stores elevate our luxury mix, expand our ecosystem, and will deliver

MEDFORD, Ore., Oct. 14, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced the acquisition of Stivers Decatur Subaru in the Atlanta market. This strategic move increases network density in the Southeast region and strengthens LAD's import mix, bringing in an estimated $100 million in annualized revenue. "We are pleased to welcome Stivers Decatur Subaru to the Lithia & Driveway family. The Atlanta metro is a dynamic, growth market, and Subaru's loyal customer base aligns with our focus on lifetime ownership experiences," said Bryan DeBoer, Lithia & Driveway Presi

MEDFORD, Ore., Sept. 9, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced that In addition to achieving position #124 on the Fortune 500 list of US Companies, holding the No. 1 spot in the Automotive Retail category for the second year in a row, it has also achieved position #434 on the Fortune Global 500 list, of the world's largest companies by Revenue. This marks the company's first appearance on the prestigious list. Lithia & Driveway has demonstrated consistent growth, steadily advancing its standing as a leader in the automotive retail industry, while exp

Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of North Branch Chevrolet in Minnesota from Lithia & Driveway (LAD) to Tyler Kadlec of Tom Kadlec Automotive. IRVINE, Calif., Dec. 16, 2024 /PRNewswire/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is proud to represent Lithia & Driveway (NYSE:LAD) on the sale of North Branch Chevrolet in North Branch, Minnesota to Tyler Kadlec of Tom Kadlec Automotive. Lithia & Driveway started from humble beginnings when Walt DeBoer founded a Chrysler-Plymouth-Dodge dealership in Ashland, Oregon in 1946. Walt's son, Sid DeBoer, transformed the dealership group into

Performance Brokerage Services, the leader in dealership buy-sell activity, announces the sale of Carson Nissan in California from Lithia & Driveway (LAD) to David Massoudi of Mass Auto Group. IRVINE, Calif., Dec. 6, 2024 /PRNewswire/ -- Performance Brokerage Services, North America's highest volume dealership brokerage firm, is proud to represent Lithia & Driveway (NYSE:LAD) on the sale of Carson Nissan in Carson, California to David Massoudi of Mass Auto Group. Lithia & Driveway started from humble beginnings when Walt DeBoer founded a Chrysler-Plymouth-Dodge dealership in Ashland, Oregon in 1946. Walt's son, Sid DeBoer, transformed the dealership group into Lithia Motors, Inc., a publicl

MEDFORD, Ore., Dec. 6, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) announced today they have expanded into Colorado, purchasing Ferrari of Denver, the Company's first Ferrari store. Ferrari of Denver will specialize in personalized, in-home customer experiences covering the full ownership lifecycle. The only Ferrari location in the greater Rocky Mountains region, this store boasts three Ferrari-certified technicians and a Bentley master-certified technician. In addition to Ferrari, this store also sells Bentley and other luxury brands. "We're thrilled to welcome this Den

MEDFORD, Ore., Aug. 24, 2021 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced the acquisition of Rock Honda, a Top 20 Honda New Volume Dealer in the U.S. The purchase of this high-performing Honda dealership in the Inland Empire continues LAD's fast-paced growth trajectory and expands the reach of its omni-channel network. Rock Honda is located in Fontana, CA and was the 16th largest New Volume Honda store in the nation in 2020. In addition to vehicle sales and service, Rock Honda is also licensed to provide customers with personal insurance as part of their consu

MEDFORD, Ore., June 29, 2021 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced the acquisition of Michael's Toyota in Bellevue, Washington, expected to generate $235 million in annualized revenues. "This exceptional Toyota store doubles our presence and offerings in the largest automotive retail market in our northwest region," said Bryan DeBoer, President and CEO. This Toyota location has historically been the largest volume dealer in the region and received numerous industry awards. "We welcome Erick Paulson and his high performing team as they continue to serve

MEDFORD, Ore., June 22, 2021 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced it has acquired Toyota of Jackson in Jackson, Mississippi. This location adds to LAD's growing Southeast region and is the first in the state of Mississippi.  "We are excited to complete our first year of the five-year plan to reach $50 billion in revenue and $50 of earnings per share well beyond expectations," said Bryan DeBoer, President and CEO. "Our growing presence in the Southeast region strategically enhances our nationwide network that is foundational to Lithia and Driveway conven