{"id":505373,"date":"2021-06-22T07:18:10","date_gmt":"2021-06-22T11:18:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi\/"},"modified":"2021-06-22T07:18:10","modified_gmt":"2021-06-22T11:18:10","slug":"lithia-driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi\/","title":{"rendered":"Lithia & Driveway (LAD) Acquires Toyota of Jackson; Expands Network into Mississippi"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MEDFORD, Ore.<\/span>, June\u00a022, 2021 \/PRNewswire\/ —\u00a0Lithia & Driveway\u00a0(NYSE: LAD)\u00a0today announced it has acquired\u00a0Toyota of Jackson<\/span> in Jackson, Mississippi<\/span>. This location adds to LAD’s growing Southeast region and is the first in the state of Mississippi.\u00a0<\/p>\n

\n

\n
\n \"Lithia
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“We are excited to complete our first year of the five-year plan\u00a0to reach $50 billion<\/span> in revenue and $50<\/span> of earnings per share well beyond expectations,”\u00a0said Bryan DeBoer,\u00a0President and CEO. “Our growing presence in the Southeast region strategically enhances our nationwide network that is foundational to Lithia and Driveway conveniently serving customers\u00a0throughout the entire vehicle ownership lifecycle.”\u00a0\u00a0<\/p>\n

This\u00a0location is expected to add $95 million<\/span> in annualized revenue and\u00a0brings LAD’s total expected annualized revenue acquired to $7<\/span>.6\u00a0billion since the launch of its 5-year plan in July 2020.\u00a0“We welcome one of the strongest new vehicle businesses in Mississippi<\/span> and the team to the LAD family,” said DeBoer. This transaction was financed using existing on-balance sheet capacity.\u00a0<\/p>\n

\n About Lithia\u00a0& Driveway<\/b>
\n \u00a0(LAD)
<\/b>LAD is a growth company powered by people and innovation with a 5-year plan to profitably consolidate the largest retail sector in the country. As the leading provider of personal transportation solutions in the United States<\/span>, LAD is\u00a0among the fastest-growing companies in the Fortune\u00a0500\u00a0(#2\u00a0on 10-Year EPS Growth, #3\u00a0on 10-Year TSR and #12 on 10-year Revenue growth\u00a0in 2021).\u00a0By providing a wide array of products and services for the entire vehicle ownership lifecycle through various consumer channels, they build magnetic brand loyalty. Operational excellence is achieved by focusing the business on convenient and transparent consumer experiences supported by proprietary data science to improve market share, consumer loyalty and profitability. LAD’s omni-channel strategy will continue to pragmatically disrupt the industry by leveraging experienced teams, vast owned inventories, technology, and physical network. Continuing to lead the industry’s consolidation and Driveway’s e-commerce in-home experiences further accelerates the massive regenerating capital engine. Together, these endeavors create a unique and compelling high-growth strategy that provides transportation solutions wherever, whenever, and however consumers desire.\u00a0\u00a0<\/p>\n

\n Sites:<\/b>\u00a0
www.lithiamotors.com<\/a>\u00a0
www.lithiainvestorrelations.com<\/a>\u00a0
www.lithiacareers.com<\/a>\u00a0
www.driveway.com<\/a>\u00a0<\/p>\n

\n Lithia Motors on Facebook<\/b>\u00a0
http:\/\/www.facebook.com\/LithiaMotors<\/a>\u00a0<\/p>\n

\n Lithia Motors on Twitter<\/b>\u00a0
http:\/\/twitter.com\/lithiamotors<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/lithia–driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi-301317043.html<\/a><\/p>\n

SOURCE Lithia Motors, Inc.<\/p>\n<\/p><\/div>\n

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

PR Newswire MEDFORD, Ore., June\u00a022, 2021 \/PRNewswire\/ —\u00a0Lithia & Driveway\u00a0(NYSE: LAD)\u00a0today announced it has acquired\u00a0Toyota of Jackson in Jackson, Mississippi. This location adds to LAD’s growing Southeast region and is the first in the state of Mississippi.\u00a0 “We are excited to complete our first year of the five-year plan\u00a0to reach $50 billion in revenue and $50 of earnings per share well beyond expectations,”\u00a0said Bryan DeBoer,\u00a0President and CEO. “Our growing presence in the Southeast region strategically enhances our nationwide network that is foundational to Lithia and Driveway conveniently serving customers\u00a0throughout the entire vehicle ownership lifecycle.”\u00a0\u00a0 This\u00a0location is expected to add $95 million in annualized revenue and\u00a0brings LAD’s total expected annualized revenue acquired to $7.6\u00a0billion since the launch of its 5-year plan … <\/p>\n

Continue reading “Lithia & Driveway (LAD) Acquires Toyota of Jackson; Expands Network into Mississippi”<\/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-505373","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLithia & Driveway (LAD) Acquires Toyota of Jackson; Expands Network into Mississippi - 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-acquires-toyota-of-jackson-expands-network-into-mississippi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lithia & Driveway (LAD) Acquires Toyota of Jackson; Expands Network into Mississippi - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MEDFORD, Ore., June\u00a022, 2021 \/PRNewswire\/ —\u00a0Lithia & Driveway\u00a0(NYSE: LAD)\u00a0today announced it has acquired\u00a0Toyota of Jackson in Jackson, Mississippi. This location adds to LAD’s growing Southeast region and is the first in the state of Mississippi.\u00a0 “We are excited to complete our first year of the five-year plan\u00a0to reach $50 billion in revenue and $50 of earnings per share well beyond expectations,”\u00a0said Bryan DeBoer,\u00a0President and CEO. “Our growing presence in the Southeast region strategically enhances our nationwide network that is foundational to Lithia and Driveway conveniently serving customers\u00a0throughout the entire vehicle ownership lifecycle.”\u00a0\u00a0 This\u00a0location is expected to add $95 million in annualized revenue and\u00a0brings LAD’s total expected annualized revenue acquired to $7.6\u00a0billion since the launch of its 5-year plan … Continue reading "Lithia & Driveway (LAD) Acquires Toyota of Jackson; Expands Network into Mississippi"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-22T11:18:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1476804\/Lithia_Driveway_Combo_FINAL_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithia-driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lithia-driveway-lad-acquires-toyota-of-jackson-expands-network-into-mississippi\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lithia & Driveway (LAD) Acquires Toyota of Jackson; 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