Lithia & Driveway (LAD) Expands Retail Network in Southwest Region and Announces Share Repurchase Authorization Increase
Lithia & Driveway (LAD) has announced two significant developments: a strategic acquisition and an increase in share repurchase authorization. The company acquired Elk Grove Subaru in California, expanding its Sacramento presence and Southwest regional network. This acquisition is expected to add $100 million in annual revenue, bringing LAD's total year-to-date acquired annualized revenue to $180 million.
Additionally, LAD's Board of Directors approved a $350 million increase to its share repurchase authorization, resulting in approximately $748 million available for future repurchases. The company has already invested $71 million this year to repurchase over 197,500 shares at a weighted average price of $361 per share, representing 0.75% of outstanding shares.
Lithia & Driveway (LAD) ha annunciato due sviluppi significativi: un'acquisizione strategica e un aumento dell'autorizzazione al riacquisto di azioni. L'azienda ha acquisito Elk Grove Subaru in California, ampliando la sua presenza a Sacramento e la rete regionale nel Sud-Ovest. Si prevede che questa acquisizione aggiunga 100 milioni di dollari di fatturato annuale, portando il fatturato annualizzato totale acquisito da LAD a 180 milioni di dollari fino ad oggi.
Inoltre, il Consiglio di Amministrazione di LAD ha approvato un aumento di 350 milioni di dollari dell'autorizzazione al riacquisto di azioni, risultando in circa 748 milioni di dollari disponibili per futuri riacquisti. L'azienda ha già investito 71 milioni di dollari quest'anno per riacquistare oltre 197.500 azioni a un prezzo medio ponderato di 361 dollari per azione, rappresentando lo 0,75% delle azioni in circolazione.
Lithia & Driveway (LAD) ha anunciado dos desarrollos significativos: una adquisición estratégica y un aumento en la autorización de recompra de acciones. La compañía adquirió Elk Grove Subaru en California, expandiendo su presencia en Sacramento y su red regional en el suroeste. Se espera que esta adquisición añada 100 millones de dólares en ingresos anuales, llevando los ingresos anuales total adquiridos de LAD a 180 millones de dólares hasta la fecha.
Además, la Junta Directiva de LAD aprobó un aumento de 350 millones de dólares en su autorización de recompra de acciones, resultando en aproximadamente 748 millones de dólares disponibles para futuras recompras. La compañía ya ha invertido 71 millones de dólares este año para recomprar más de 197,500 acciones a un precio promedio ponderado de 361 dólares por acción, representando el 0.75% de las acciones en circulación.
리시아 & 드라이브웨이 (LAD)는 두 가지 중요한 개발 사항을 발표했습니다: 전략적 인수와 자사주 매입 승인 증가. 이 회사는 캘리포니아의 엘크 그로브 스바루를 인수하여 새크라멘토에서의 입지와 남서부 지역 네트워크를 확장했습니다. 이 인수는 연간 1억 달러의 수익을 추가할 것으로 예상되며, LAD의 연간화된 총 인수 수익은 1억 8천만 달러에 이를 것입니다.
또한, LAD의 이사회는 자사주 매입 승인에 대해 3억 5천만 달러의 증가를 승인하여 약 7억 4천8백만 달러의 자금이 향후 매입에 사용할 수 있게 되었습니다. 회사는 이미 올해 7천1백만 달러를 투자하여 평균 361달러의 가중 평균 가격으로 197,500주 이상을 매입했으며, 이는 유통 주식의 0.75%에 해당합니다.
Lithia & Driveway (LAD) a annoncé deux développements importants : une acquisition stratégique et une augmentation de l'autorisation de rachat d'actions. L'entreprise a acquis Elk Grove Subaru en Californie, élargissant ainsi sa présence à Sacramento et son réseau régional dans le Sud-Ouest. Cette acquisition devrait ajouter 100 millions de dollars de revenus annuels, portant le revenu annualisé total acquis de LAD à 180 millions de dollars jusqu'à présent.
De plus, le conseil d'administration de LAD a approuvé une augmentation de 350 millions de dollars de son autorisation de rachat d'actions, ce qui représente environ 748 millions de dollars disponibles pour de futurs rachats. L'entreprise a déjà investi 71 millions de dollars cette année pour racheter plus de 197 500 actions à un prix moyen pondéré de 361 dollars par action, représentant 0,75 % des actions en circulation.
Lithia & Driveway (LAD) hat zwei bedeutende Entwicklungen bekannt gegeben: eine strategische Übernahme und eine Erhöhung der Genehmigung zum Aktienrückkauf. Das Unternehmen hat Elk Grove Subaru in Kalifornien übernommen, wodurch die Präsenz in Sacramento und das regionale Netzwerk im Südwesten erweitert wird. Es wird erwartet, dass diese Übernahme 100 Millionen Dollar an jährlichen Einnahmen hinzufügt, was LADs insgesamt bis heute akquirierten annualisierten Umsatz auf 180 Millionen Dollar bringt.
Darüber hinaus hat der Vorstand von LAD eine Erhöhung um 350 Millionen Dollar für die Genehmigung zum Aktienrückkauf genehmigt, was zu etwa 748 Millionen Dollar führt, die für zukünftige Rückkäufe zur Verfügung stehen. Das Unternehmen hat in diesem Jahr bereits 71 Millionen Dollar investiert, um über 197.500 Aktien zu einem gewichteten Durchschnittspreis von 361 Dollar pro Aktie zurückzukaufen, was 0,75% der ausstehenden Aktien entspricht.
- New acquisition adds $100M in annual revenue
- Strategic expansion in Sacramento market
- $350M increase in share buyback authorization
- $748M available for future share repurchases
- Successful execution of share repurchases at $361/share
- Significant cash outlay for share repurchases may limit other investment opportunities
"We are excited to welcome the talented team at Elk Grove Subaru to the Lithia and Driveway team. This addition strengthens our presence in the Southwest region and continues our strategy of expanding our network with high-performing partners like Subaru. We look forward to continuing the store's legacy of building customer loyalty and leveraging our omnichannel capabilities to realize
This acquisition adds expected annual revenue of
Increase to Share Repurchase Authorization
LAD announced today a
To date this year, LAD has invested over
About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and competitively differentiated design provides us the flexibility and scale to pursue our vision to modernize personal transportation solutions wherever, whenever and however consumers desire.
Sites
www.lithia.com
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www.lithiacareers.com
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www.drivewayfinancecorp.com
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SOURCE Lithia Motors, Inc.
FAQ
How much revenue will the Elk Grove Subaru acquisition add to LAD's annual revenue?
What is the total amount available for LAD's share repurchase program after the recent increase?
How many shares has LAD repurchased in 2025 and at what average price?
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