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Lithia & Driveway Expands in California Amid Stock Decline

Lithia & Driveway Expands in California Amid Stock Decline

Author:

Global Cryptocurrency

Published:

2025-10-28 13:55:02

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Lithia & Driveway Inc. (LAD) shares fell 2.97% to $321.76 despite strategic acquisitions and workplace accolades. The auto retailer added three Hyundai dealerships in Orange County, boosting annualized revenue by $440 million. Year-to-date acquisitions now total $1.16 billion in added U.S. revenue.

Battery-electric vehicles accounted for 10% of LAD's Q3 retail sales, up from 8% in previous quarters. Eight Canadian dealerships earned 2025 Best Dealerships to Work For honors. CEO Bryan DeBoer emphasized the acquisitions' profitability, noting they were financed using on-balance sheet capacity for less than 10% of revenues.

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