Business
Lithia & Driveway (LAD) Provides Share Repurchase Update and Continues to Expand in Canada
In the quarter, LAD has invested $274 million to repurchase nearly 875,000 shares at a weighted average price of $313, representing 3.3% of outstanding shares.
About this update from Lithia Motors, Inc.
[{"type":"text","content":"MEDFORD, Ore., Dec. 2, 2025 /PRNewswire/ -- In the quarter, LAD has invested $274 million to repurchase nearly 875,000 shares at a weighted average price of $313, representing 3.3% of outstanding shares.","length":203,"tagName":"p"},{"type":"image","alt":"Lithia & Driveway (PRNewsfoto/Lithia Motors, Inc.)","displaySize":"","headline":null,"caption":"Lithia & Driveway (PRNewsfoto/Lithia Motors, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":1280,"height":720,"url":"https://mma.prnewswire.com/media/1476804/Lithia_Driveway_Combo_FINAL_Logo.jpg"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ICfo_7ogDKKjTWUagfI5fw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU0MDtjZj13ZWJw/https://mma.prnewswire.com/media/1476804/Lithia_Driveway_Combo_FINAL_Logo.jpg","width":960,"height":540},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/xaPwzmup5Rv57ogb0dEVVw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xMzUwO2NmPXdlYnA-/https://mma.prnewswire.com/media/1476804/Lithia_Driveway_Combo_FINAL_Logo.jpg","width":1200,"height":675}},"href":"https://mma.prnewswire.com/media/1476804/Lithia_Driveway_Combo_FINAL_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Our share repurchases this quarter demonstrate our conviction in our resilient profitability, generative cash flows and omnichannel model," said Bryan DeBoer, Lithia and Driveway President and CEO. "Our strong balance sheet and shares trading below intrinsic value allows us to return capital while also strengthening our network through strategic acquisitions."","length":383,"tagName":"p"},{"type":"text","content":"To date this year, LAD has invested nearly $933 million to repurchase 2.98 million shares at a weighted average price of $313. This represents 11.3% of outstanding shares. $636 million remains available for repurchase under the existing share repurchase authorization.","length":268,"tagName":"p"},{"type":"text","content":"Fines Ford Acquisition","length":22,"tagName":"p"},{"type":"text","content":"Additionally, LAD completed the acquisition of Fines Ford in the Greater Toronto Area, Canada. This strategic investment demonstrates LAD's continued ability to strengthen its network in the North American market. This store is expected to increase annualized revenue by $100 million.","length":288,"tagName":"p"},{"type"...