Mercedes-Benz

Lithia & Driveway (LAD) expands its footprint by acquiring two Southeast Mercedes-Benz dealerships, expecting $220 million in annualized revenue. This acquisition brings LAD’s total 2024 acquired revenue to $400 million. Further demonstrating confidence, LAD updated its share repurchase program, investing $230 million to repurchase shares. This balanced approach combines strategic acquisitions and share repurchases, signaling positive growth and shareholder value.