Lithia Expands Presence in Southwest Region, Boosts Share Repurchase
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Lithia Motors (LAD) has acquired Elk Grove Subaru in California, expanding its presence in the Southwest region. Additionally, the company has increased its share repurchase authorization by $350 million.
March 05, 2025 | 2:30 pm
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Lithia Motors has acquired Elk Grove Subaru, enhancing its footprint in the Southwest. The company also increased its share repurchase authorization by $350 million, indicating confidence in its financial position.
The acquisition of Elk Grove Subaru strengthens Lithia's market presence in the Southwest, potentially increasing revenue. The $350 million boost in share repurchase signals strong financial health and shareholder value focus, likely leading to positive investor sentiment.
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