Lithia & Driveway (LAD) Continues Strategic Luxury Network Expansion and is Named to TIME America's Growth Leaders List

Rhea-AI Summary

Lithia & Driveway (NYSE: LAD) announced on Nov 11, 2025 the acquisition of Porsche Beverly Hills and Audi Santa Monica, described as luxury stores that add an estimated $450 million in annualized revenue and could rank among the highest-volume stores globally by brand.

The deal raises LAD's year-to-date expected annualized revenue acquired to $2.1 billion and was financed using existing on-balance sheet capacity. Management characterized the adds as accretive to earnings and aligned with Lithia's disciplined return hurdles.

Separately, LAD was ranked #165 on TIME's America's Growth Leaders of 2026 list for growth and market performance.

Positive

• $450M annualized revenue added by the two luxury stores
• Year-to-date acquisitions total $2.1B expected annualized revenue
• Deal described as accretive to earnings

Negative

• Acquisition financed with on-balance sheet capacity, reducing available liquidity

MEDFORD, Ore., Nov. 11, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced the acquisition of Porsche Beverly Hills and Audi Santa Monica. These luxury stores bring an estimated $450 million in annualized revenue and have the potential to be among the highest volume globally by brand.

"We're excited to welcome Porsche Beverly Hills and Audi Santa Monica to the Lithia family-two iconic dealerships rooted in of the world's most prestigious and globally recognized luxury automotive markets. These stores elevate our luxury mix, expand our ecosystem, and will deliver meaningful, accretive earnings" said Bryan DeBoer, Lithia & Driveway President and CEO. "We're excited to continue our growth by adding high-quality stores comfortably within our disciplined return hurdle rates."

These additions bring LAD's total year-to-date expected annualized revenue acquired to $2.1 billion. This acquisition was financed using existing on-balance sheet capacity.  

TIME America's Growth Leaders of 2026
Additionally, LAD has been ranked #165 on TIME's list of America's Growth Leaders of 2026, which recognizes the nation's top-performing companies demonstrating exceptional growth, financial stability, and market performance. This distinction places LAD among the most dynamic and successful businesses driving innovation and economic progress across the U.S.

A complete list of the TIME America's Growth Leaders of 2026 can be found here: https://time.com/7327022/americas-growth-leaders-2025/.  

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

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SOURCE Lithia Motors, Inc.

FAQ

What did Lithia & Driveway (LAD) announce on November 11, 2025?

LAD announced the acquisition of Porsche Beverly Hills and Audi Santa Monica, adding an estimated $450M in annualized revenue.

How much annualized revenue does the Porsche Beverly Hills and Audi Santa Monica deal add to LAD?

The two stores bring an estimated $450 million in annualized revenue.

What is LAD's year-to-date expected annualized revenue from acquisitions after Nov 11, 2025?

LAD's total year-to-date expected annualized revenue acquired is $2.1 billion.

How was the Nov 11, 2025 Lithia acquisition financed?

The company said the acquisition was financed using existing on-balance sheet capacity.

Does the Nov 11, 2025 acquisition affect LAD earnings per the announcement?

Management described the additions as likely to deliver meaningful, accretive earnings.

What recognition did Lithia & Driveway (LAD) receive in 2025/2026?

LAD was ranked #165 on TIME's America's Growth Leaders of 2026 list.