Lithia & Driveway (LAD) Expands Retail Network in Southwest Region and Announces Share Repurchase Authorization Increase
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Lithia & Driveway (LAD) has acquired Elk Grove Subaru in California, expanding its retail network in the Southwest region. Additionally, LAD announced an increase in its share repurchase authorization.
March 04, 2025 | 10:45 am
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Lithia & Driveway (LAD) has acquired Elk Grove Subaru, enhancing its presence in the Southwest. The company also increased its share repurchase authorization, indicating confidence in its financial health.
The acquisition of Elk Grove Subaru strengthens LAD's market presence in the Southwest, potentially increasing revenue. The increased share repurchase authorization suggests strong financial health and confidence in future performance, likely boosting investor sentiment.
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