Lithia & Driveway Diversifies Portfolio with Two Strategic Acquisitions
Lithia Motors, Inc. (LAD)
Last lithia motors, inc. earnings: 4/22 07:00 am
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lithiainvestorrelations.com
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Source: GlobeNewswire
MEDFORD, Ore., March 03, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD) today announced the acquisition of Toyota of Gallatin in Gallatin, Tenn. and Mercedes-Benz of Medford in Medford, Ore., strengthening its portfolio across both luxury and core volume brands while expanding its presence in its hometown. "We are proud to welcome Toyota of Gallatin and Mercedes-Benz of Medford to the Lithia & Driveway family,” said Bryan DeBoer, President and CEO. “Toyota of Gallatin marks our entry in the fast-growing Nashville market, and welcoming a premier luxury store in Medford, where our company was founded, makes this addition especially meaningful as we mark our 80th year serving customers. These acquisitions reflect our continued commitment to growing in our hometown and in high-performing markets.” These additions bring Lithia & Driveway's total year-to-date annualized U.S. revenue acquired to $225 million. The acquisitions were financed using existing on-balance sheet capacity
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LAD
News
- Lithia Motors (LAD) is now covered by Bank of America Corporation. They set a "neutral" rating on the stock.MarketBeat
- The Presidio Group Exclusively Advised Lancaster County Motors on the Sale of Mercedes-Benz of Medford to Lithia Motors [Yahoo! Finance]Yahoo! Finance
- The Presidio Group Exclusively Advised Lancaster County Motors on the Sale of Mercedes-Benz of Medford to Lithia MotorsBusiness Wire
- Q4 Earnings Recap: CarMax (NYSE:KMX) Tops Vehicle Retailer Stocks [Yahoo! Finance]Yahoo! Finance
- JPMorgan Downgrades Lithia Motors (LAD) to Neutral From Overweight – Here's Why [Yahoo! Finance]Yahoo! Finance
LAD
Earnings
- 2/11/26 - Miss
LAD
Sec Filings
- 3/4/26 - Form 4
- 3/4/26 - Form 8-K
- 2/25/26 - Form 10-K
- LAD's page on the SEC website