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Tim Lamb Group Facilitates Sale of Toyota of Warren in Warren, OH to Rafih Auto Group
GlobeNewswire News Room· 2025-05-14 18:03
Core Insights - The Tim Lamb Group has successfully sold Toyota of Warren to Rafih Auto Group, marking the 120th dealership sold in Ohio by the firm [1][5] - This acquisition represents Rafih Auto Group's first Toyota dealership in the United States and their initial transaction with the Tim Lamb Group [3] Company Overview - The Tim Lamb Group is the largest auto dealership sales and acquisitions firm in North America, having been established in 2006 [6] - The firm handles billions of dollars in transactions annually through its fifteen regional directors, serving multiple dealer operators across the United States and Canada [6] Transaction Details - The sale of Toyota of Warren was personally brokered by Tim Lamb, President and Director of the Northeast Region, and closed on April 28, 2025 [1][5] - The dealership is located at 2657 Niles-Cortland Rd. SE in Warren, Ohio, and will continue to operate under the same name [2] Facility Information - The newly acquired facility spans over 25,000 square feet and includes a showroom, parts and service center, and 18 service stalls [4] - Toyota of Warren is committed to providing superior customer service using certified OEM Toyota parts and advanced service technology [4] Client Relationship - The sellers, Jim Whetstone Auto Group, have had a long-standing relationship with Tim Lamb, having purchased their first dealership through him in 2007 [3] - The acquisition ensures that current employees of Toyota of Warren will be retained, maintaining continuity for customers and staff [5]
Lithia Motors(LAD) - 2025 Q1 - Earnings Call Presentation
2025-04-23 20:59
Business Strategy & Performance - Lithia & Driveway (LAD) aims for 100% national coverage and high profitability, targeting $2 Earnings Per Share (EPS) per $1 billion of revenue[9] - LAD's 10-year Revenue Compound Annual Growth Rate (CAGR) is 16%, and Adjusted EPS CAGR is 16%[9] - LAD's annualized revenue run-rate is greater than ~$37 billion[39] Market & Expansion - LAD's platform provides access to a 70% larger market than traditional franchise auto dealers, addressing a $3 trillion market across industries[19] - LAD aims to obtain 2.5% new vehicle US market share in the mid-term[64] - LAD plans to reach 5%+ of new vehicle US market share in the long-term[64] Driveway Finance Corporation (DFC) - DFC targets a 15-20% penetration rate of retail units sold[52] - DFC's portfolio size is projected to reach $7 billion in 2025 and $17 billion in the mid-term[50] - Finance Operations Income for DFC is projected to be $50 - $60 million in 2025 and $150 - $200 million in the mid-term[50] Capital Allocation - During the first three months of 2025, LAD allocated $146 million to share repurchases at an average price of $329 per share[34]
Pinnacle Mergers & Acquisitions Leads the Sale of Groove Ford and Mazda in Denver to AutoNation
Prnewswire· 2025-04-04 22:36
Core Insights - Pinnacle Mergers & Acquisitions successfully facilitated the sale of Groove Ford and Groove Mazda to AutoNation, enhancing AutoNation's presence in the Colorado automotive market [1][3] - The transaction highlights Pinnacle's expertise and strong track record in the Colorado dealership M&A sector, having completed multiple high-profile transactions [3][4] Company Summary - Pinnacle Mergers & Acquisitions has completed over 850 dealership transactions nationwide, totaling $40 billion in completed transactions [5] - The firm has a combined experience of 85 years, providing expert guidance and customized strategies to drive value in transactions [5] Industry Summary - The transaction reflects ongoing consolidation in the U.S. auto retail space, with large dealer groups expanding into key regional markets to adapt to changing consumer demand [4] - The Denver metro area is identified as one of the most active regions for automotive M&A activity, with strong dealership valuations and high buyer interest [4]