{"success":true,"data":{"pressRelease":{"id":"137327","rtpr_id":"nGNX8ZtXnZ-20260908","ticker":"LAD","exchange":"NYSE","all_tickers":["LAD"],"title":"Lithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update","author":"Globe Newswire","published_at":"2026-09-08T09:30:00.111Z","article_body":"MEDFORD, Ore., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE:\nLAD) today announced the acquisition of Rockwall Hyundai in Rockwall, Texas,\nas part of the company’s continued strategic network expansion and brings an\nestimated $75 million in annualized revenue.\n\n“Adding Rockwall Hyundai to the Lithia & Driveway network strengthens our\npresence in the growing Dallas-Fort Worth market and creates greater network\ndensity for our customers,” said Bryan DeBoer, Lithia & Driveway President\nand CEO. “This acquisition reflects our disciplined and strategic approach\nto expansion, and we remain focused on growing strong teams, high-quality\nfranchises, and providing seamless ownership experiences throughout the car\nbuying process.”\n\nLithia's Texas dealership network serves drivers across Dallas-Fort Worth,\nHouston, Austin, Corpus Christi, San Antonio, West Texas and other communities\nthroughout the state.\n\nThis addition brings LAD’s total year-to-date expected annualized revenue\nacquired to $915 million. This acquisition was financed using existing\non-balance sheet capacity.\n\nShare Repurchase Update\n\nIn the quarter, LAD has invested $40 million to repurchase approximately\n108,000 shares at a weighted average price of $375, representing 0.46% of\noutstanding shares.\n\nTo date this year, LAD has invested $541 million to repurchase approximately\n1.9 million shares at a weighted average price of $284. This represents 8.1%\nof outstanding shares. $580 million remains available for repurchase under\nthe existing share repurchase authorization.\n\nAbout Lithia & Driveway (LAD)\nLithia & Driveway (NYSE: LAD) is the largest global automotive retailer making\nAuto Done Easy by providing simple, transparent, and convenient experiences\nthroughout the ownership lifecycle. LAD helps customers take care of any\nvehicle need through a comprehensive network of physical locations, e-commerce\nplatforms, captive finance solutions, fleet management offerings, and other\nsynergistic adjacencies. Celebrating 80 years in business in 2026, LAD\nconsistently delivers profitable growth in a massive and unconsolidated\nindustry. Its highly diversified and competitively differentiated design\nprovides LAD with the flexibility and scale to pursue its vision to modernize\npersonal transportation solutions wherever, whenever and however consumers\ndesire.\n\nThe 80th Celebration\nhttps://www.lithiadriveway.com/80-years\n\nConnect with Us!\nAll Cars: https://www.lithia.com\n\n(https://www.globenewswire.com/Tracker?data=sz0Ys4gm7UkHxbhyFIwE0dOTrRpSYl1a0Nnty3YLQhxpXPBCYzB-hqbwXLzClON8HwBT_NxU9ycAqcNafUjy8g==)Driveway.com\n(Buy, sell, trade, or finance entirely online): https://www.driveway.com\n\n(https://www.globenewswire.com/Tracker?data=ZH7HDjT2UNNK_-Uik4m1seUCmrJL_APzlpMEJ4DWNhjmexI3lEJHcNoUak-NslGoJJZoSxBxkibLFRMHbvFVEw==)GreenCars\n(All things sustainable vehicles): https://www.greencars.com\n\n(https://www.globenewswire.com/Tracker?data=fqNaGRDK1d46VOfAIGF3IZwrpQDnkjvCQbf0X17z1oi9HKMh9_RbThQ7adDVc-mJsLwE4W0O5FmKW5O2AvkhsA==)DFC\n(Auto Financing): https://www.drivewayfinancecorp.com\n\n(https://www.globenewswire.com/Tracker?data=2SvOHhn4Od5qv7twjnhK9Eum3NCNNYeViRUcxu0olODaY3yILcfs0IT9_cXIy3gLWprlbhdB4G5bOrHl1whhoA==)Investor\nRelations: https://investors.lithiadriveway.com/\n\n(https://www.globenewswire.com/Tracker?data=UntihgxB6nU37COlcnuoxhBCpQXuC3aM4hF1hgeopzbBYfDVzoXzeCC5GLUURww3h_mbTW3Pf_C_oNHY9IeNUL-07cgZPy2IGhhqHRDbC30=)Careers:\nhttps://www.lithiacareers.com\n\n(https://www.globenewswire.com/Tracker?data=wDMl0A3Wk4zSqh0sJeieKNPiy3HAdCEUwoCAS-_-4PHpEzF-eKUkV1qYG4PUW6muEOrrSKvhru-ZRSmmjEMtxA==)Lithia\n& Driveway on Instagram\nhttps://www.instagram.com/lithiamotors/?hl=en\n\n(https://www.globenewswire.com/Tracker?data=eUVfczZAGibyrDfrgYbJSKSLDsb0oWXGT7pnrP1pkAdc2jUbehebC9juMeeCEEs8KwA8jodvrxOxQqBdgGMeGmvan6N2TrJ_fcel74YZSOI=)https://www.instagram.com/driveway_hq/\n\n(https://www.globenewswire.com/Tracker?data=Kd2a3VTNmyhW2gdJ3LX-Nu5stJ54FqgNtMblq3jo8xkTp6NC9Zclwv2dSURV85W-_ODhHwq4BxE2QlI6cghfM6gCliijf-ugBrlNghWjI9I=)Lithia\n& Driveway on Facebook\nhttps://www.facebook.com/lithiaanddriveway/\n\n(https://www.globenewswire.com/Tracker?data=b12S0PwbJx9AiUZxJXDjn4LjrQCiWkGQITwuANqNtqs_MAeBE7B_po06BBqsZCdrXqZvmYjimbEQllH3LvpkJSPfUjr2vVjI2INNSnOHNuo=)https://www.facebook.com/DrivewayHQ\n\n(https://www.globenewswire.com/Tracker?data=LkavbIocwBqT_mzPEFAa4j3Mh9JIGcfWzCfIgcQsmBgxIDTFHDW_E1kjBIgtKT61VmOWxJ0fqS5gicdL6ZyuvA==)Lithia\n& Driveway on X\nhttps://x.com/lithiadriveway\n\n(https://www.globenewswire.com/Tracker?data=i-Otr9tNIR3Gp3Jm9iGH_YCdmQiirrgyhxsbyLhO4DbMMisjNkrxZXROb2U-W6TnIIAzAM5pJ9MpYY_66_a35w==)https://x.com/DrivewayHQ\n\n(https://www.globenewswire.com/Tracker?data=FA2-n2GRIKZqwqy3BSYot-qDJ4FwE6Hy5FABtZJHxuiSDj4x9uYWybQY4RA-ETM8N-e-83WL9Yz-MQo6GGQh5g==)https://x.com/GreenCarsHQ\n\n(https://www.globenewswire.com/Tracker?data=K4P1Y_iRmkfM4i_odZmFm3YrygwPi_XMvB89_cI3up-J19FoovNbjjjjpt981sxDtYeqfUngN2-eJSAGLGgtEQ==)Lithia\n& Driveway on LinkedIn\nhttps://www.linkedin.com/company/lithia-motors/\n\n(https://www.globenewswire.com/Tracker?data=TJfDZgXHhLYUZcCmAtSweZJiZQXiMMBg_1n-NHix987U55gfH2C63X3Kn7_kL0_10C7MmJaODsReIFcl1hQDX4dZNI0CMspCbE1QJUehyyM=)Lithia\n& Driveway on YouTube\nhttps://www.youtube.com/@LithiaDriveway\n\nMedia Contact\nSkyya for Lithia & Driveway \nlithia@skyya.com  \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/da15c0ad-b859-4903-b637-405706d6fba0)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8ZtXnZ-20260908","title":"Lithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update","author":"Globe Newswire","ticker":"LAD","created":"2026-09-08T09:30:00.111Z","tickers":["LAD"],"exchange":"NYSE","article_body":"MEDFORD, Ore., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE:\nLAD) today announced the acquisition of Rockwall Hyundai in Rockwall, Texas,\nas part of the company’s continued strategic network expansion and brings an\nestimated $75 million in annualized revenue.\n\n“Adding Rockwall Hyundai to the Lithia & Driveway network strengthens our\npresence in the growing Dallas-Fort Worth market and creates greater network\ndensity for our customers,” said Bryan DeBoer, Lithia & Driveway President\nand CEO. “This acquisition reflects our disciplined and strategic approach\nto expansion, and we remain focused on growing strong teams, high-quality\nfranchises, and providing seamless ownership experiences throughout the car\nbuying process.”\n\nLithia's Texas dealership network serves drivers across Dallas-Fort Worth,\nHouston, Austin, Corpus Christi, San Antonio, West Texas and other communities\nthroughout the state.\n\nThis addition brings LAD’s total year-to-date expected annualized revenue\nacquired to $915 million. This acquisition was financed using existing\non-balance sheet capacity.\n\nShare Repurchase Update\n\nIn the quarter, LAD has invested $40 million to repurchase approximately\n108,000 shares at a weighted average price of $375, representing 0.46% of\noutstanding shares.\n\nTo date this year, LAD has invested $541 million to repurchase approximately\n1.9 million shares at a weighted average price of $284. This represents 8.1%\nof outstanding shares. $580 million remains available for repurchase under\nthe existing share repurchase authorization.\n\nAbout Lithia & Driveway (LAD)\nLithia & Driveway (NYSE: LAD) is the largest global automotive retailer making\nAuto Done Easy by providing simple, transparent, and convenient experiences\nthroughout the ownership lifecycle. LAD helps customers take care of any\nvehicle need through a comprehensive network of physical locations, e-commerce\nplatforms, captive finance solutions, fleet management offerings, and other\nsynergistic adjacencies. Celebrating 80 years in business in 2026, LAD\nconsistently delivers profitable growth in a massive and unconsolidated\nindustry. Its highly diversified and competitively differentiated design\nprovides LAD with the flexibility and scale to pursue its vision to modernize\npersonal transportation solutions wherever, whenever and however consumers\ndesire.\n\nThe 80th Celebration\nhttps://www.lithiadriveway.com/80-years\n\nConnect with Us!\nAll Cars: https://www.lithia.com\n\n(https://www.globenewswire.com/Tracker?data=sz0Ys4gm7UkHxbhyFIwE0dOTrRpSYl1a0Nnty3YLQhxpXPBCYzB-hqbwXLzClON8HwBT_NxU9ycAqcNafUjy8g==)Driveway.com\n(Buy, sell, trade, or finance entirely online): https://www.driveway.com\n\n(https://www.globenewswire.com/Tracker?data=ZH7HDjT2UNNK_-Uik4m1seUCmrJL_APzlpMEJ4DWNhjmexI3lEJHcNoUak-NslGoJJZoSxBxkibLFRMHbvFVEw==)GreenCars\n(All things sustainable vehicles): https://www.greencars.com\n\n(https://www.globenewswire.com/Tracker?data=fqNaGRDK1d46VOfAIGF3IZwrpQDnkjvCQbf0X17z1oi9HKMh9_RbThQ7adDVc-mJsLwE4W0O5FmKW5O2AvkhsA==)DFC\n(Auto Financing): https://www.drivewayfinancecorp.com\n\n(https://www.globenewswire.com/Tracker?data=2SvOHhn4Od5qv7twjnhK9Eum3NCNNYeViRUcxu0olODaY3yILcfs0IT9_cXIy3gLWprlbhdB4G5bOrHl1whhoA==)Investor\nRelations: https://investors.lithiadriveway.com/\n\n(https://www.globenewswire.com/Tracker?data=UntihgxB6nU37COlcnuoxhBCpQXuC3aM4hF1hgeopzbBYfDVzoXzeCC5GLUURww3h_mbTW3Pf_C_oNHY9IeNUL-07cgZPy2IGhhqHRDbC30=)Careers:\nhttps://www.lithiacareers.com\n\n(https://www.globenewswire.com/Tracker?data=wDMl0A3Wk4zSqh0sJeieKNPiy3HAdCEUwoCAS-_-4PHpEzF-eKUkV1qYG4PUW6muEOrrSKvhru-ZRSmmjEMtxA==)Lithia\n& Driveway on Instagram\nhttps://www.instagram.com/lithiamotors/?hl=en\n\n(https://www.globenewswire.com/Tracker?data=eUVfczZAGibyrDfrgYbJSKSLDsb0oWXGT7pnrP1pkAdc2jUbehebC9juMeeCEEs8KwA8jodvrxOxQqBdgGMeGmvan6N2TrJ_fcel74YZSOI=)https://www.instagram.com/driveway_hq/\n\n(https://www.globenewswire.com/Tracker?data=Kd2a3VTNmyhW2gdJ3LX-Nu5stJ54FqgNtMblq3jo8xkTp6NC9Zclwv2dSURV85W-_ODhHwq4BxE2QlI6cghfM6gCliijf-ugBrlNghWjI9I=)Lithia\n& Driveway on Facebook\nhttps://www.facebook.com/lithiaanddriveway/\n\n(https://www.globenewswire.com/Tracker?data=b12S0PwbJx9AiUZxJXDjn4LjrQCiWkGQITwuANqNtqs_MAeBE7B_po06BBqsZCdrXqZvmYjimbEQllH3LvpkJSPfUjr2vVjI2INNSnOHNuo=)https://www.facebook.com/DrivewayHQ\n\n(https://www.globenewswire.com/Tracker?data=LkavbIocwBqT_mzPEFAa4j3Mh9JIGcfWzCfIgcQsmBgxIDTFHDW_E1kjBIgtKT61VmOWxJ0fqS5gicdL6ZyuvA==)Lithia\n& Driveway on X\nhttps://x.com/lithiadriveway\n\n(https://www.globenewswire.com/Tracker?data=i-Otr9tNIR3Gp3Jm9iGH_YCdmQiirrgyhxsbyLhO4DbMMisjNkrxZXROb2U-W6TnIIAzAM5pJ9MpYY_66_a35w==)https://x.com/DrivewayHQ\n\n(https://www.globenewswire.com/Tracker?data=FA2-n2GRIKZqwqy3BSYot-qDJ4FwE6Hy5FABtZJHxuiSDj4x9uYWybQY4RA-ETM8N-e-83WL9Yz-MQo6GGQh5g==)https://x.com/GreenCarsHQ\n\n(https://www.globenewswire.com/Tracker?data=K4P1Y_iRmkfM4i_odZmFm3YrygwPi_XMvB89_cI3up-J19FoovNbjjjjpt981sxDtYeqfUngN2-eJSAGLGgtEQ==)Lithia\n& Driveway on LinkedIn\nhttps://www.linkedin.com/company/lithia-motors/\n\n(https://www.globenewswire.com/Tracker?data=TJfDZgXHhLYUZcCmAtSweZJiZQXiMMBg_1n-NHix987U55gfH2C63X3Kn7_kL0_10C7MmJaODsReIFcl1hQDX4dZNI0CMspCbE1QJUehyyM=)Lithia\n& Driveway on YouTube\nhttps://www.youtube.com/@LithiaDriveway\n\nMedia Contact\nSkyya for Lithia & Driveway \nlithia@skyya.com  \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/da15c0ad-b859-4903-b637-405706d6fba0)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-08T09:30:00.158246915Z","server_sent_at_ms":1788859800158},"received_at":"2026-09-08T09:30:00.216Z","source_url":null},"analysis":{"id":"126202","press_release_id":"137327","analysis_json":{"industry":{"label":"Automotive Retail","sector":"Consumer Discretionary"},"redFlags":["acquisition purchase price not disclosed; only estimated annualized revenue provided","current-quarter buyback executed at $375 average vs. $284 YTD average — repurchases now at materially higher prices"],"eventType":"m_and_a","narrative":"Lithia & Driveway acquired Rockwall Hyundai in Rockwall, Texas, a dealership expected to add $75 million in annualized revenue and deepen LAD's density in the Dallas-Fort Worth market. The deal was financed with existing on-balance-sheet capacity; the purchase price was not disclosed.\n\nIncluding this deal, LAD's total year-to-date expected annualized revenue acquired now stands at $915 million.\n\nOn capital return, LAD repurchased roughly 108,000 shares for $40 million in the quarter at a weighted average price of $375 (0.46% of shares outstanding). Year to date, it has spent $541 million to retire about 1.9 million shares at an average of $284 — 8.1% of shares outstanding — with $580 million still authorized.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Aggressive capital return: LAD has retired 8.1% of shares YTD while funding tuck-in M&A entirely from balance-sheet capacity."},"keyFigures":{"customDimensions":{"qtd_buyback_spend":40000000,"ytd_buyback_spend":541000000,"qtd_buyback_avg_price":375,"ytd_buyback_avg_price":284,"qtd_shares_repurchased":108000,"ytd_shares_repurchased":1900000,"ytd_shares_retired_pct":"8.1%","qtd_buyback_pct_of_shares":"0.46%","acquired_annualized_revenue":75000000,"remaining_buyback_authorization":580000000,"ytd_acquired_annualized_revenue":915000000}},"quotedText":"This acquisition reflects our disciplined and strategic approach","namedEntities":{"people":[{"name":"Bryan DeBoer","role":"President and CEO"}],"products":["Rockwall Hyundai","Driveway.com","GreenCars","DFC (Driveway Finance Corp)"],"companies":[{"name":"Lithia & Driveway","ticker":"LAD","relationship":"filer/acquirer"},{"name":"Rockwall Hyundai","relationship":"acquired dealership"}],"dollarAmounts":[{"amount":"$75 million","context":"estimated annualized revenue from Rockwall Hyundai acquisition"},{"amount":"$915 million","context":"total year-to-date expected annualized revenue acquired"},{"amount":"$40 million","context":"share repurchases in the quarter"},{"amount":"$375","context":"quarterly weighted average repurchase price"},{"amount":"$541 million","context":"year-to-date share repurchases"},{"amount":"$284","context":"year-to-date weighted average repurchase price"},{"amount":"$580 million","context":"remaining share repurchase authorization"}]},"materialImpact":{"score":3,"reasoning":"A tuck-in dealership acquisition adding ~$75M annualized revenue (immaterial vs. LAD's scale) paired with a substantive buyback update showing $541M repurchased YTD, retiring 8.1% of shares outstanding. Meaningful capital-allocation news but not market-moving."},"tickerRelevance":{"others":[],"primary":"LAD"},"globalImportance":30,"audienceRelevance":38,"eventTypeSecondary":["buyback"],"importanceComponents":{"tickerTier":"large-cap S&P 500 auto retailer","eventGravity":"tuck-in acquisition ($75M annualized revenue) plus routine buyback progress update","householdBrandBoost":"moderate — largest US auto retailer, consumer-facing","marketCapAdjustment":"deal size immaterial relative to LAD revenue base","retailFavoriteBoost":"low"}},"event_type":"m_and_a","event_type_secondary":["buyback"],"sentiment":"bullish","material_impact_score":3,"narrative":"Lithia & Driveway acquired Rockwall Hyundai in Rockwall, Texas, a dealership expected to add $75 million in annualized revenue and deepen LAD's density in the Dallas-Fort Worth market. The deal was financed with existing on-balance-sheet capacity; the purchase price was not disclosed.\n\nIncluding this deal, LAD's total year-to-date expected annualized revenue acquired now stands at $915 million.\n\nOn capital return, LAD repurchased roughly 108,000 shares for $40 million in the quarter at a weighted average price of $375 (0.46% of shares outstanding). Year to date, it has spent $541 million to retire about 1.9 million shares at an average of $284 — 8.1% of shares outstanding — with $580 million still authorized.","key_figures":{"customDimensions":{"qtd_buyback_spend":40000000,"ytd_buyback_spend":541000000,"qtd_buyback_avg_price":375,"ytd_buyback_avg_price":284,"qtd_shares_repurchased":108000,"ytd_shares_repurchased":1900000,"ytd_shares_retired_pct":"8.1%","qtd_buyback_pct_of_shares":"0.46%","acquired_annualized_revenue":75000000,"remaining_buyback_authorization":580000000,"ytd_acquired_annualized_revenue":915000000}},"named_entities":{"people":[{"name":"Bryan DeBoer","role":"President and CEO"}],"products":["Rockwall Hyundai","Driveway.com","GreenCars","DFC (Driveway Finance Corp)"],"companies":[{"name":"Lithia & Driveway","ticker":"LAD","relationship":"filer/acquirer"},{"name":"Rockwall Hyundai","relationship":"acquired dealership"}],"dollarAmounts":[{"amount":"$75 million","context":"estimated annualized revenue from Rockwall Hyundai acquisition"},{"amount":"$915 million","context":"total year-to-date expected annualized revenue acquired"},{"amount":"$40 million","context":"share repurchases in the quarter"},{"amount":"$375","context":"quarterly weighted average repurchase price"},{"amount":"$541 million","context":"year-to-date share repurchases"},{"amount":"$284","context":"year-to-date weighted average repurchase price"},{"amount":"$580 million","context":"remaining share repurchase authorization"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-08T09:31:06.208Z","global_importance":30,"audience_relevance":38,"importance_components":{"tickerTier":"large-cap S&P 500 auto retailer","eventGravity":"tuck-in acquisition ($75M annualized revenue) plus routine buyback progress update","householdBrandBoost":"moderate — largest US auto retailer, consumer-facing","marketCapAdjustment":"deal size immaterial relative to LAD revenue base","retailFavoriteBoost":"low"}},"durationMs":null,"modelName":"glm-4.7"}}