Lithia & Driveway (LAD) Announces Share Repurchase Authorization Increase
Lithia & Driveway (NYSE: LAD) has announced a significant expansion of its share repurchase program, with its Board of Directors approving a $750 million increase to the authorization. This brings the total repurchase capacity to $1.08 billion.
The company has already demonstrated strong buyback activity in Q3 2025, investing $242 million to repurchase approximately 812,000 shares at an average price of $298 per share. Year-to-date repurchases total $492 million, representing 6.1% of outstanding shares.
Lithia & Driveway (NYSE: LAD) ha annunciato un'importante estensione del proprio programma di riacquisto di azioni: il Consiglio di Amministrazione ha approvato un aumento dell'autorizzazione di 750 milioni di dollari, portando la capacità totale di riacquisto a 1,08 miliardi di dollari.
La società ha già mostrato un'intensa attività di buyback nel terzo trimestre del 2025, investendo 242 milioni di dollari per riacquistare circa 812.000 azioni a un prezzo medio di 298 dollari per azione. Da inizio anno i riacquisti ammontano a 492 milioni di dollari, pari al 6,1% del capitale in circolazione.
Lithia & Driveway (NYSE: LAD) ha anunciado una ampliación significativa de su programa de recompra de acciones: la Junta Directiva aprobó un aumento de la autorización por 750 millones de dólares, elevando la capacidad total de recompra a 1.080 millones de dólares.
La compañía ya mostró una sólida actividad de recompra en el tercer trimestre de 2025, invirtiendo 242 millones de dólares para recomprar aproximadamente 812.000 acciones a un precio medio de 298 dólares por acción. Las recompras acumuladas en el año ascienden a 492 millones de dólares, lo que representa el 6,1% de las acciones en circulación.
Lithia & Driveway (NYSE: LAD)는 자사 주식 환매 프로그램을 대폭 확대한다고 발표했습니다. 이사회는 허용 한도를 7억 5천만 달러 증액하기로 승인했으며, 이에 따라 총 환매 가능 금액은 10억 8천만 달러가 되었습니다.
회사는 이미 2025년 3분기에 활발한 자사주 매입을 보였으며, 약 81만 2천주를 주당 평균 298달러에 매입하는 데 2억 4,200만 달러를 투자했습니다. 연초 이후 환매액은 총 4억 9,200만 달러로, 유통 주식의 6.1%에 해당합니다.
Lithia & Driveway (NYSE: LAD) a annoncé une importante extension de son programme de rachat d'actions : le conseil d'administration a approuvé une augmentation de l'autorisation de 750 millions de dollars, portant la capacité totale de rachat à 1,08 milliard de dollars.
L'entreprise a déjà mené une forte activité de rachat au troisième trimestre 2025, investissant 242 millions de dollars pour racheter environ 812 000 actions à un prix moyen de 298 dollars par action. Les rachats depuis le début de l'année s'élèvent à 492 millions de dollars, soit 6,1% des actions en circulation.
Lithia & Driveway (NYSE: LAD) hat eine deutliche Ausweitung seines Aktienrückkaufprogramms angekündigt: Der Verwaltungsrat genehmigte eine Erhöhung der Autorisierung um 750 Millionen US-Dollar, womit die gesamte Rückkaufkapazität 1,08 Milliarden US-Dollar beträgt.
Das Unternehmen zeigte bereits im dritten Quartal 2025 eine starke Rückkaufaktivität und investierte 242 Millionen US-Dollar, um rund 812.000 Aktien zu einem Durchschnittspreis von 298 US-Dollar je Aktie zurückzukaufen. Die Rückkäufe seit Jahresbeginn belaufen sich auf 492 Millionen US-Dollar, was 6,1% der ausstehenden Aktien entspricht.
- None.
- Company shares trading below intrinsic value according to management
"Today's increase underscores our long-term conviction in LAD's strategy and the cash generation of our omnichannel model," said Bryan DeBoer, Lithia & Driveway President and CEO. "With the strength of our business and our shares trading below intrinsic value, repurchases are an attractive and value-accretive complement to our continued investments in growth, all guided by disciplined return on invested capital and our commitment to maximizing shareholder returns."
In the third quarter to date, LAD has invested
About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. We deliver consistent, 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.
Sites
www.lithia.com
www.investors.lithiadriveway.com
www.lithiacareers.com
www.driveway.com
www.greencars.com
www.drivewayfinancecorp.com
Lithia & Driveway on Facebook
https://www.facebook.com/LithiaMotors
https://www.facebook.com/DrivewayHQ
Lithia & Driveway on X
https://x.com/lithiamotors
https://x.com/DrivewayHQ
https://x.com/GreenCarsHQ
Lithia & Driveway on LinkedIn
https://www.linkedin.com/company/lithia-motors/
Lithia & Driveway on YouTube
https://www.youtube.com/@Lithia_Motors/featured
Forward-Looking Statements
Certain statements in this presentation, and at times made by our officers and representatives, constitute forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Generally, you can identify forward-looking statements by terms such as "project," "outlook," "target," "may," "will," "would," "should," "seek," "expect," "plan," "intend," "forecast," "anticipate," "believe," "estimate," "predict," "potential," "likely," "ensure," "goal," "strategy," "future," "maintain," and "continue" or the negative of these terms or other comparable terms. Examples of forward-looking statements in this presentation include, among others, statements regarding:
- Acceleration of the profitability of our strategy, earnings growth, and our momentum and market share
- Future market conditions, including anticipated car and other sales and gross profit levels and the supply of inventory
- Our business strategy and plans, including our achieving our long-term financial targets
- The growth, expansion, make-up and success of our network, including our finding accretive acquisitions that meet our target valuations and acquiring additional stores
- Annualized revenues from acquired stores or achieving target returns
- The growth and performance of our Driveway e-commerce home solution and Driveway Finance Corporation (DFC), their synergies and other impacts on our business and our ability to meet Driveway and DFC-related targets
- The impact of sustainable vehicles and other market and regulatory changes on our business, including evolving vehicle distribution models
- Our capital allocations and uses and levels of capital expenditures in the future
- Expected operating results, such as improved store performance, continued improvement of selling, general and administrative expenses as a percentage of gross profit and any projections
- Our anticipated financial condition and liquidity, including from our cash and the future availability of our credit facilities, unfinanced real estate and other financing sources
- Our continuing to purchase shares under our share repurchase program
- Our compliance with financial and restrictive covenants in our credit facilities and other debt agreements
- Our programs and initiatives for team member recruitment, training, and retention
- Our strategies and targets for customer retention, growth, market position, operations, financial results and risk management
Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this presentation. Therefore, you should not rely on any of these forward-looking statements. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation:
- Future national and local economic and financial conditions, including as a result of inflation, governmental programs and spending, and public health issues
- The market for dealerships, including the availability of stores to us for an acceptable price
- Changes in customer demand and the electric vehicle landscape and the impact of evolving digital technologies
- Changes in our relationship with, and the financial and operational stability of, OEMs and other suppliers, and vehicle delivery models
- Changes in the competitive landscape, including through technology and our ability to deliver new products, services and customer experiences and a portfolio of in-demand and available vehicles
- Risks associated with our indebtedness, including available borrowing capacity, interest rates, compliance with financial covenants and ability to refinance or repay indebtedness on favorable terms
- The adequacy of our cash flows and other conditions which may affect our ability to fund capital expenditures, obtain favorable financing and pay our quarterly dividend at planned levels
- Disruptions to our technology network including computer systems, as well as natural events such as severe weather or man-made or other disruptions of our operating systems, facilities or equipment
- Government regulations and legislation
- The risks set forth throughout "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and in "Part I, Item 1A. Risk Factors" of our most recent Annual Report on Form 10-K, and in "Part II, Item 1A. Risk Factors" of our Quarterly Reports on Form 10-Q, and from time to time in our other filings with the SEC.
Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by law, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
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SOURCE Lithia & Driveway
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