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MEDFORD, Ore. – Sept. 9, 2025 – Lithia & Driveway (NYSE: LAD), a dominant force in automotive retail, continues its upward trajectory, securing the No. 124 spot on the Fortune 500 list of U.S. Companies. For the second consecutive year, the company reigns supreme in the Automotive Retail category. But the achievements don’t stop there. Lithia & Driveway has also made its debut on the Fortune Global 500 list, ranking at No. 434 among the world’s largest corporations based on revenue, marking a significant milestone for the company.
Lithia & Driveway’s success stems from a blend of strategic acquisitions, digital innovation, and a focus on providing exceptional customer experiences. The company’s continued advancement reflects a strategic vision that goes beyond traditional brick-and-mortar dealerships. Their expansion across North America and the UK has built a diverse network, setting the stage for further growth and market penetration.
“Our entry into the Fortune Global 500 is a testament to the hard work of our nearly 30,000 employees worldwide,” stated Bryan DeBoer, President and CEO of Lithia & Driveway. “Our unique ecosystem, expanding footprint, and digital retail innovations are driving our growth. We are committed to innovation, a people-first mentality, and the creation of sustainable value for all our stakeholders as we continue to expand.” DeBoer’s comments highlight the importance of the company’s omnichannel strategy, allowing customers to seamlessly transition between online and in-person experiences, a key differentiator in today’s evolving automotive landscape.
Southeast Regional Expansion Bolsters Growth Strategy
In a move to further solidify its market position, Lithia & Driveway also announced the acquisition of Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis. These additions are strategically located in the high-growth Southeast region, promising to enhance brand diversity and increase the volume of luxury and import sales.
“These high-potential dealerships will strengthen our presence in the expanding Southeast region, boost our omnichannel platform, and contribute to brand diversification. We’re excited to welcome the high-performing teams, which will deepen customer relationships and accelerate the growth of our ecosystem,” added DeBoer. He further emphasized the company’s disciplined capital allocation strategy and its commitment to maximizing shareholder returns.
This acquisition is projected to add $620 million in annualized revenue to Lithia & Driveway’s year-to-date total. The deal was financed using existing cash reserves, demonstrating the company’s financial strength and ability to execute strategic acquisitions without incurring additional debt, a favorable position in the current macroeconomic environment.
Lithia & Driveway: A Holistic Approach to Automotive Retail (NYSE: LAD)
Lithia & Driveway (NYSE: LAD) is a global automotive powerhouse, offering a comprehensive suite of automotive products and services that span the entire vehicle ownership lifecycle. The company’s integrated approach encompasses an extensive network of physical locations, sophisticated e-commerce platforms, in-house financing solutions, robust fleet management services, and a range of synergistic ventures. This diversified strategy provides the company with the agility and resources to realize its goal of reinventing personal transportation to meet the changing demands of consumers. By focusing on simplicity, convenience, and transparency, Lithia & Driveway is poised to capitalize on growth opportunities in the vast and fragmented automotive market.
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