Lithia & Driveway (LAD) Continues Strategic Network Expansion in Texas with Rockwall Hyundai Acquisition and Provides Share Repurchase Update
Lithia & Driveway expands its Texas footprint with Rockwall Hyundai and details substantial year-to-date share repurchases and remaining buyback capacity.
Rhea-AI Summary
Lithia & Driveway (LAD) acquired Rockwall Hyundai in Rockwall, Texas, adding an estimated $75 million in annualized revenue.
The dealership expands LAD’s presence in the Dallas-Fort Worth market and increases network density within its broader Texas platform, which already serves drivers in Houston, Austin, Corpus Christi, San Antonio, West Texas and other communities. With this transaction, LAD’s total year-to-date expected annualized revenue from acquired stores rises to $915 million. The Rockwall Hyundai acquisition was funded using existing on-balance sheet capacity.
During the quarter, LAD repurchased approximately 108,000 shares for $40 million at a weighted average price of $375, equal to 0.46% of outstanding shares. Year-to-date, it has repurchased about 1.9 million shares for $541 million at an average price of $284, representing 8.1% of outstanding shares. LAD reports that $580 million remains available under its current share repurchase authorization.
Positive
- Rockwall Hyundai acquisition adds an estimated $75 million in annualized revenue
- Year-to-date acquired stores contribute expected annualized revenue of $915 million
- Quarterly share repurchases of $40 million for ~108,000 shares at $375
- Year-to-date buybacks of $541 million for ~1.9 million shares at $284
- Repurchased shares equal 8.1% of outstanding shares year-to-date
- $580 million remains authorized for additional share repurchases
Negative
- None.
News Explained
Against LAD’s stated use of existing on-balance-sheet capacity for the Rockwall Hyundai acquisition, its
Sources and calculations
- Lithia & Driveway Rockwall Hyundai acquisition and share repurchase update (2026-09-08)
- LAD second-quarter fundamentals (2026Q2)
- Available liquidity against the last reported quarterly operating outflow, in days at that rate $110,300,000 / ($65,700,000 / 91) = 152.8 days
Key Figures
- Annualized revenue acquired
- $75 million
- Rockwall Hyundai acquisition
- Year-to-date annualized revenue acquired
- $915 million
- Through the Rockwall Hyundai acquisition
- Quarterly share repurchase
- $40 million
- 108,000 shares at a weighted average price of $375
- Quarterly shares repurchased
- Approximately 108,000 shares
- Weighted average price of $375
- Year-to-date share repurchase
- $541 million
- Approximately 1.9 million shares at a weighted average price of $284
- Year-to-date shares repurchased
- Approximately 1.9 million shares
- Representing 8.1% of outstanding shares
- Quarterly shares repurchased
- 0.46% of outstanding shares
- During the quarter
- Remaining repurchase authorization
- $580 million
- Available under the existing authorization
Historical Context
-
Reported Q2 results alongside acquisitions, substantial repurchases, and expanded capital-return authorization.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MEDFORD, Ore., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Lithia & Driveway (NYSE: LAD) today announced the acquisition of Rockwall Hyundai in Rockwall, Texas, as part of the company’s continued strategic network expansion and brings an estimated
“Adding Rockwall Hyundai to the Lithia & Driveway network strengthens our presence in the growing Dallas-Fort Worth market and creates greater network density for our customers,” said Bryan DeBoer, Lithia & Driveway President and CEO. “This acquisition reflects our disciplined and strategic approach to expansion, and we remain focused on growing strong teams, high-quality franchises, and providing seamless ownership experiences throughout the car buying process.”
Lithia's Texas dealership network serves drivers across Dallas-Fort Worth, Houston, Austin, Corpus Christi, San Antonio, West Texas and other communities throughout the state.
This addition brings LAD’s total year-to-date expected annualized revenue acquired to
Share Repurchase Update
In the quarter, LAD has invested
To date this year, LAD has invested
About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer making Auto Done Easy by providing simple, transparent, and convenient experiences throughout the ownership lifecycle. LAD helps customers take care of any vehicle need through a comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. Celebrating 80 years in business in 2026, LAD consistently delivers profitable growth in a massive and unconsolidated industry. Its highly diversified and competitively differentiated design provides LAD with the flexibility and scale to pursue its vision to modernize personal transportation solutions wherever, whenever and however consumers desire.
The 80th Celebration
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FAQ
How was the Rockwall Hyundai acquisition financed by Lithia & Driveway?
The Rockwall Hyundai acquisition was financed using Lithia & Driveway’s existing on-balance sheet capacity, meaning it used resources already on its balance sheet rather than announcing new external financing for this transaction.
How large is Lithia & Driveway’s buyback activity so far this year?
Year-to-date, Lithia & Driveway has invested $541 million to repurchase approximately 1.9 million shares at a weighted average price of $284. This cumulative repurchase amount corresponds to 8.1% of the company’s outstanding shares.