Lithia & Driveway Acquires Two Dealerships, Adding $225M in Annualized Revenue
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Lithia & Driveway announced the acquisition of Toyota of Gallatin and Mercedes-Benz of Medford, which are expected to add $225 million in annualized U.S. revenue year-to-date. These strategic acquisitions diversify the company's portfolio across luxury and core volume brands and expand its presence in key markets, including the fast-growing Nashville area. This move aligns with Lithia's established growth strategy through M&A, as highlighted in its recent 2025 10-K filing which detailed significant past acquisitions. The financing for these new additions utilized existing on-balance sheet capacity, indicating prudent capital management. This continued execution of its growth strategy is a positive signal for investors, particularly as the stock trades near its 52-week low.
At the time of this announcement, LAD was trading at $273.35 on NYSE in the Trade & Services sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $262.10 to $360.56. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.