Business
Lithia & Driveway (LAD) Continues Strategic Luxury Network Expansion and is Named to TIME America's Growth Leaders List
Lithia & Driveway (NYSE: LAD) today announced the acquisition of Porsche Beverly Hills and Audi Santa Monica. These luxury stores bring an estimated $450 million in annualized revenue and have the potential to be among the highest volume globally by brand.
About this update from Porsche Ag
[{"type":"text","content":"MEDFORD, Ore., Nov. 11, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced the acquisition of Porsche Beverly Hills and Audi Santa Monica. These luxury stores bring an estimated $450 million in annualized revenue and have the potential to be among the highest volume globally by brand.","length":305,"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":400,"height":180,"url":"https://media.zenfs.com/en/prnewswire.com/5fec3b1e3315ba18368ea5a2e28479ff"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6dL8t5Jz_Wg_cAvUCeMXVg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMxNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/5fec3b1e3315ba18368ea5a2e28479ff","width":400,"height":180}},"href":"https://mma.prnewswire.com/media/1476804/Lithia_Driveway_Combo_FINAL_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We're excited to welcome Porsche Beverly Hills and Audi Santa Monica to the Lithia family-two iconic dealerships rooted in of the world's most prestigious and globally recognized luxury automotive markets. These stores elevate our luxury mix, expand our ecosystem, and will deliver meaningful, accretive earnings" said Bryan DeBoer, Lithia & Driveway President and CEO. "We're excited to continue our growth by adding high-quality stores comfortably within our disciplined return hurdle rates."","length":541,"tagName":"p"},{"type":"text","content":"These additions bring LAD's total year-to-date expected annualized revenue acquired to $2.1 billion. This acquisition was financed using existing on-balance sheet capacity.","length":176,"tagName":"p"},{"type":"text","content":"TIME America's Growth Leaders of 2026Additionally, LAD has been ranked #165 on TIME's list of America's Growth Leaders of 2026, which recognizes the nation's top-performing companies demonstrating exceptional growth, financial stability, and market performance. This distinction places LAD among the most dynamic and successful businesses driving innovation and economic progress across the U.S.","length":417,"tagName":"p"},{"type":"text","content":"A comp...