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Lithia & Driveway Expands Retail Network in Southeast Region and Provides Share Repurchase Update

1. LAD acquired two Mercedes-Benz stores, adding $220 million in annualized revenue. 2. The acquisitions focus on expanding presence in high-performing Southeast region. 3. LAD's total expected annualized revenue from acquisitions reaches $400 million this year. 4. Share repurchase program invested $230 million, representing 2.8% of outstanding shares. 5. Management maintains a balance between acquisitions and share repurchases.

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Why Bullish?

This acquisition enhances LAD's revenue streams and market presence, similar to prior successful expansions which often resulted in positive stock performance.

How important is it?

The acquisitions significantly boost expected revenue and strengthen LAD's market position for future growth, making this news impactful.

Why Long Term?

The strategic move to establish a footprint in the luxury car market will likely result in sustained growth over time, evidenced by historical performance of similar acquisitions.

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, /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced the purchase of two Mercedes-Benz stores in Collierville, TN and Jackson, MS. This strategic move increases store density and luxury mix by adding LAD's first Mercedes-Benz store in the Southeast region, bringing an estimated $220 million in annualized revenue. "We are thrilled to expand our presence in the Southeast with the addition of these two premier Mercedes-Benz stores. These acquisitions align with our strategic focus on growing in high-performing regions and strengthen our luxury brand portfolio. We look forward to building on the strong foundations these teams have established and accelerating the stores' growth and potential as part of our omnichannel ecosystem," said Bryan DeBoer, Lithia & Driveway President and CEO.  This addition brings LAD's total year-to-date expected annualized revenue acquired to $400 million. This acquisition was financed using existing on-balance sheet capacity.  Share Repurchase Update To date this year, LAD has invested $230 million to repurchase approximately 729,000 shares at a weighted average price of $315 per share. This represents 2.8% of outstanding shares. $589 million remains available for repurchase under the existing share repurchase authorization. Management remains committed to a balanced approach to capital allocation and currently sees acquisitions and share repurchases at parity. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and competitively differentiated design provides us the flexibility and scale to pursue our vision to modernize personal transportation solutions wherever, whenever and however consumers desire. Siteswww.lithia.comwww.investors.lithiadriveway.comwww.lithiacareers.comwww.driveway.comwww.greencars.comwww.drivewayfinancecorp.com Lithia & Driveway on Facebookhttps://www.facebook.com/LithiaMotorshttps://www.facebook.com/DrivewayHQ Lithia & Driveway on Xhttps://x.com/lithiamotorshttps://x.com/DrivewayHQhttps://x.com/GreenCarsHQ Lithia & Driveway on LinkedInhttps://www.linkedin.com/company/lithia-motors/Lithia & Driveway on YouTubehttps://www.youtube.com/@Lithia_Motors/featured SOURCE Lithia Motors, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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