{"id":966591,"date":"2026-05-26T05:33:00","date_gmt":"2026-05-26T09:33:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-announces-share-repurchase-authorization-increase-2\/"},"modified":"2026-05-26T05:33:00","modified_gmt":"2026-05-26T09:33:00","slug":"lithia-driveway-lad-announces-share-repurchase-authorization-increase-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lithia-driveway-lad-announces-share-repurchase-authorization-increase-2\/","title":{"rendered":"Lithia & Driveway (LAD) Announces Share Repurchase Authorization Increase"},"content":{"rendered":"
\n

MEDFORD, Ore., May 26, 2026 (GLOBE NEWSWIRE) — Lithia & Driveway (NYSE: LAD) announced today an increase to its share repurchase authorization of $500 million to bring the current remaining authorization to $726 million.<\/p>\n

\u201cToday\u2019s increase reflects our conviction in LAD\u2019s strategy and the regenerative cash flows of our diversified platform,\u201d said Bryan DeBoer, President and CEO. \u201cWith our uniquely diversified strategy beginning to deliver meaningfully differentiated results, our shares present a compelling opportunity at today\u2019s prices, and repurchases provide an attractive, value-accretive accelerator to our growth strategy and commitment to maximizing shareholder returns.\u201d<\/p>\n

Since March 31, 2026, LAD has invested over $137 million to repurchase approximately 505,000 shares representing 2.2% of shares outstanding, at a weighted average of $272 per share.<\/p>\n

Year to date, LAD has invested nearly $396 million to repurchase 1.45 million shares, representing 6.2% of outstanding shares, at a weighted average price of $274 per share.<\/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 https:\/\/www.lithiadriveway.com\/80-years<\/a>\n <\/p>\n

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

\n Media Contact<\/strong>\n <\/p>\n

lithia@skyya.com\u00a0<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

Certain statements in this release, and at times made by our officers and representatives, constitute forward-looking statements within the meaning of the \u201cSafe Harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as \u201cproject,\u201d \u201coutlook,\u201d \u201ctarget,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cseek,\u201d \u201cexpect,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201clikely,\u201d \u201censure,\u201d \u201cgoal,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201cmaintain,\u201d and \u201ccontinue\u201d or the negative of these terms or other comparable terms. Examples of forward-looking statements in this release include statements regarding our future financial condition, liquidity, results of operations, future business strategy and plans, and expected growth and performance.<\/p>\n

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this release. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation:<\/p>\n