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

1. LAD acquires Stohlman Subaru, boosting Mid-Atlantic presence. 2. Acquisition adds expected annualized revenue of $80 million. 3. LAD repurchased $107 million in shares recently at an average price of $372. 4. Approximately $454 million remains for share repurchase under the current authorization.

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FAQ

Why Bullish?

The acquisition and revenue boost generally signify growth potential, likely positively impacting LAD's valuation.

How important is it?

The acquisition and share buybacks suggest strong future performance, impacting investor perception of LAD.

Why Short Term?

The immediate financial benefits from the acquisition will likely reflect in upcoming quarters.

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SUBARUFCAUTMGM
, /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today the acquisition of Stohlman Subaru in Sterling, Virginia growing its presence in the strong performing Mid-Atlantic Region. "We are thrilled to welcome the talented Stohlman Subaru team to the Lithia & Driveway family. This acquisition strengthens our presence in the dynamic Mid-Atlantic market and reflects our continued focus on creating seamless experiences across our omnichannel platform. We look forward to creating customer loyalty and continuing to unlock the potential of the LAD platform alongside the Stohlman team," said Bryan DeBoer, Lithia & Driveway President and CEO." This acquisition adds expected annualized revenue of $80 million and was financed using existing on-balance sheet capacity. Update on Capital Allocation Since the end of the third quarter, LAD has also deployed $107 million to repurchase shares at an average price of $372. Under the current share repurchase authorization, approximately $454 million remains available. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE: LAD) is one of the largest global automotive retailers providing a wide array of products and services throughout the vehicle ownership lifecycle. Convenient and hassle-free experiences are offered through our comprehensive network of physical locations, ecommerce platforms, captive finance solutions and other synergistic adjacencies. We deliver consistent, low-risk, and 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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