Lithia & Driveway (LAD) Expands Footprint in the Mid-Atlantic Region

Acquisition and Expansion - Lithia & Driveway (LAD) has acquired Stohlman Subaru in Sterling, Virginia, enhancing its presence in the Mid-Atlantic region [1] - The acquisition is expected to add $80 million in annualized revenue and was financed using existing on-balance sheet capacity [2] Capital Allocation Update - Since the end of Q3, LAD has repurchased$107 million worth of shares at an average price of $372 [3] - Approximately$454 million remains available under the current share repurchase authorization [3] Company Overview - Lithia & Driveway (LAD) is one of the largest global automotive retailers, offering a wide range of products and services throughout the vehicle ownership lifecycle [4] - The company provides convenient and hassle-free experiences through a comprehensive network of physical locations, ecommerce platforms, captive finance solutions, and other synergistic adjacencies [4] - LAD aims to modernize personal transportation solutions, delivering consistent, low-risk, and profitable growth in a massive and unconsolidated industry [4]