{"id":1000962,"date":"2026-09-08T05:33:08","date_gmt":"2026-09-08T09:33:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-continues-strategic-network-expansion-in-texas-with-rockwall-hyundai-acquisition-and-provides-share-repurchase-update\/"},"modified":"2026-09-08T05:33:08","modified_gmt":"2026-09-08T09:33:08","slug":"lithia-driveway-lad-continues-strategic-network-expansion-in-texas-with-rockwall-hyundai-acquisition-and-provides-share-repurchase-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-continues-strategic-network-expansion-in-texas-with-rockwall-hyundai-acquisition-and-provides-share-repurchase-update\/","title":{"rendered":"Lithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update"},"content":{"rendered":"
\n

MEDFORD, Ore., Sept. 08, 2026 (GLOBE NEWSWIRE) — Lithia & Driveway (NYSE: LAD) today announced the acquisition of Rockwall Hyundai in Rockwall, Texas, as part of the company\u2019s continued strategic network expansion and brings an estimated $75 million in annualized revenue.<\/p>\n

\u201cAdding Rockwall Hyundai to the Lithia & Driveway network strengthens our presence in the growing Dallas-Fort Worth market and creates greater network density for our customers,\u201d said Bryan DeBoer, Lithia & Driveway President and CEO. \u201cThis acquisition reflects our disciplined and strategic approach to expansion, and we remain focused on growing strong teams, high-quality franchises, and providing seamless ownership experiences throughout the car buying process.\u201d<\/p>\n

Lithia’s Texas dealership network serves drivers across Dallas-Fort Worth, Houston, Austin, Corpus Christi, San Antonio, West Texas and other communities throughout the state.<\/p>\n

This addition brings LAD\u2019s total year-to-date expected annualized revenue acquired to $915 million. This acquisition was financed using existing on-balance sheet capacity.<\/p>\n

\n Share Repurchase Update<\/strong>\n <\/p>\n

In the quarter, LAD has invested\u00a0$40 million\u00a0to repurchase approximately 108,000 shares at a weighted average price of\u00a0$375, representing 0.46% of outstanding shares.<\/p>\n

To date this year, LAD has invested $541 million\u00a0to repurchase approximately 1.9 million shares at a weighted average price of\u00a0$284. This represents 8.1% of outstanding shares.\u00a0$580 million\u00a0remains available for repurchase under the existing share repurchase authorization.<\/p>\n

\n About Lithia & Driveway (LAD)<\/strong>
\n
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer making Auto Done Easy by providing simple, transparent, and convenient experiences throughout the ownership lifecycle. LAD helps customers take care of any vehicle need through a comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. Celebrating 80 years in business in 2026, LAD consistently delivers profitable growth in a massive and unconsolidated industry. Its highly diversified and competitively differentiated design provides LAD with the flexibility and scale to pursue its vision to modernize personal transportation solutions wherever, whenever and however consumers desire.<\/p>\n

\n The 80th Celebration<\/strong>
\n
\n
\n https:\/\/www.lithiadriveway.com\/80-years<\/u>
\n <\/a>\n <\/p>\n

\n Connect with Us!<\/strong>
\n
All Cars: https:\/\/www.lithia.com<\/u><\/a>
<\/a>Driveway.com (Buy, sell, trade, or finance entirely online): https:\/\/www.driveway.com<\/u><\/a>
<\/a>GreenCars (All things sustainable vehicles): https:\/\/www.greencars.com<\/u><\/a>
<\/a>DFC (Auto Financing): https:\/\/www.drivewayfinancecorp.com<\/u><\/a>
<\/a>Investor Relations: https:\/\/investors.lithiadriveway.com\/<\/u><\/a>
<\/a>Careers: https:\/\/www.lithiacareers.com<\/u><\/a>
<\/a>Lithia & Driveway on Instagram<\/strong>
https:\/\/www.instagram.com\/lithiamotors\/?hl=en<\/u><\/a>
<\/a>https:\/\/www.instagram.com\/driveway_hq\/<\/u><\/a>
<\/a>Lithia & Driveway on Facebook<\/strong>
https:\/\/www.facebook.com\/lithiaanddriveway\/<\/u><\/a>
<\/a>https:\/\/www.facebook.com\/DrivewayHQ<\/u><\/a>
<\/a>Lithia & Driveway on X<\/strong>
https:\/\/x.com\/lithiadriveway<\/u><\/a>
<\/a>https:\/\/x.com\/DrivewayHQ<\/u><\/a>
<\/a>https:\/\/x.com\/GreenCarsHQ<\/u><\/a>
<\/a>Lithia & Driveway on LinkedIn<\/strong>
https:\/\/www.linkedin.com\/company\/lithia-motors\/<\/u><\/a>
<\/a>Lithia & Driveway on YouTube<\/strong>
https:\/\/www.youtube.com\/@LithiaDriveway<\/u><\/a><\/p>\n

\n Media Contact<\/strong>
\n
Skyya for Lithia & Driveway
lithia@skyya.com<\/u><\/a>\u00a0\u00a0<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

MEDFORD, Ore., Sept. 08, 2026 (GLOBE NEWSWIRE) — Lithia & Driveway (NYSE: LAD) today announced the acquisition of Rockwall Hyundai in Rockwall, Texas, as part of the company\u2019s continued strategic network expansion and brings an estimated $75 million in annualized revenue. \u201cAdding Rockwall Hyundai to the Lithia & Driveway network strengthens our presence in the growing Dallas-Fort Worth market and creates greater network density for our customers,\u201d said Bryan DeBoer, Lithia & Driveway President and CEO. \u201cThis acquisition reflects our disciplined and strategic approach to expansion, and we remain focused on growing strong teams, high-quality franchises, and providing seamless ownership experiences throughout the car buying process.\u201d Lithia’s Texas dealership network serves drivers across Dallas-Fort Worth, Houston, Austin, Corpus Christi, San … <\/p>\n

Continue reading “Lithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1000962","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-continues-strategic-network-expansion-in-texas-with-rockwall-hyundai-acquisition-and-provides-share-repurchase-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update - 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