Lithia Acquires 2 Stores in Southeast Region, Updates Buyback Plan

Key Takeaways LAD acquired two Mercedes-Benz stores in TN and MS, adding $220M in annualized revenues. Year-to-date acquisitions now total $400M in expected annualized revenues for LAD. So far this year, LAD repurchased 729K shares for $230M, with $589M still authorized for buybacks.Lithia Motors, Inc. (LAD) has expanded its presence in the Southeast region by purchasing two Mercedes-Benz stores in Collierville, TN, and Jackson, MS, aiming to increase store density and luxury mix. This marks LAD’s first M ...