Lithia & Driveway (LAD) Expands Retail Network in Southeast Region

Core Insights - Lithia & Driveway (NYSE: LAD) has acquired Stivers Decatur Subaru in the Atlanta market, enhancing its network density in the Southeast and expected to generate approximately $100 million in annualized revenue [1][2] Company Strategy - The acquisition aligns with Lithia & Driveway's growth strategy, focusing on lifetime ownership experiences and expanding its Southeast footprint [2] - The total year-to-date annualized U.S. revenue acquired by Lithia & Driveway now stands at $720 million, financed through existing on-balance sheet capacity [2] Company Overview - Lithia & Driveway is the largest global automotive retailer, offering a wide range of products and services throughout the vehicle ownership lifecycle [3] - The company emphasizes simple, convenient, and transparent experiences through a comprehensive network of physical locations and e-commerce platforms, aiming for consistent and profitable growth in a large, unconsolidated industry [3]