Lithia & Driveway (LAD) Expands Retail Network in Southwest Region and Earns 2025 Best Dealerships to Work for in Canada Recognition

Rhea-AI Summary

Lithia & Driveway (NYSE: LAD) announced an Orange County expansion and a Canadian workplace recognition on Oct 28, 2025. LAD acquired Anaheim Hyundai, Huntington Beach Hyundai, and Garden Grove Hyundai, adding an estimated $440 million of annualized revenue and bringing year-to-date expected annualized U.S. revenue acquired to $1.16 billion. The purchase was financed using existing on-balance-sheet capacity and was completed at less than 10% of revenues. LAD said the stores support its California electrification strategy; BEVs were 10% of new retail sales in Q3, versus 8% in prior quarters. Separately, 8 Canadian dealerships (20% of the Top 40) were named to Automotive News' 2025 Canada Best Dealerships To Work For list.

Positive

• $440M estimated annualized revenue added from Orange County acquisitions
• Year-to-date expected annualized U.S. revenue acquired: $1.16B
• Q3 BEV share of new retail sales reached 10% (vs 8% prior quarters)
• 8 Canadian dealerships named to Automotive News 2025 Best Dealerships To Work For (20% of Top 40)

Negative

• None.

News Market Reaction – LAD

-1.06%

1 alert

-1.06% News Effect

On the day this news was published, LAD declined 1.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MEDFORD, Ore., Oct. 28, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) today announced two milestones that underscore its continued growth and commitment to excellence across its dealership network.

Southwest Regional Expansion
LAD acquired Anaheim Hyundai, Huntington Beach Hyundai, and Garden Grove Hyundai in Orange County. This strategic purchase increases the density of LAD's network and increases the company's import mix in Southern California, bringing in an estimated $440 million in annualized revenue.

"These highly profitable acquisitions increase our brand diversity and bring thousands of new customers into our unique ecosystem. Our new teams and omnichannel platform will deliver a seamless ownership experience and deepen lifetime relationships," said Bryan DeBoer, President and CEO.  "This accretive investment reflects our strict capital discipline and commitment to our return hurdles and supports our strategy to both return value to shareholders and expand our platform's reach."

These additions bring LAD's total year-to-date expected annualized U.S. revenue acquired to $1.16 billion. This acquisition was financed using existing on-balance sheet capacity and was purchased for less than 10% of revenues.

These stores complement LAD's electrification strategy in California, and Hyundai's innovative and growing EV and hybrid lineup helps meet customer desires across the adoption curve. This growing segment is accelerated by GreenCars, LAD's digital sustainability platform, which helps educate customers on electrified vehicles, while the company's comprehensive ecosystem supports the entire ownership lifecycle. In the third quarter, BEVs represented 10% of LAD's new retail sales, which was slightly higher than the 8% in prior quarters due to the expiration of EV tax credits.

Automotive News 2025 Canada Best Dealerships To Work For Recognition
Additionally, eight of LAD's Canadian dealerships have been named to Automotive News' 2025 Canada Best Dealerships To Work For list, representing 20 percent of all dealerships recognized. The annual program honors the top 40 dealerships in Canada that exemplify exceptional workplace culture and employee satisfaction.

"This achievement reflects the strength of our teams and the culture we've built across our growing Canadian operations," said Bryan DeBoer, President and CEO. "Their commitment to teamwork, innovation, and customer care sets the standard for what a great dealership experience should be - both for our employees and customers. We are incredibly proud to see so many of our Canadian dealerships recognized."

The full list of recognized LAD stores include:

• Acura of Thornhill
• Audi Newmarket
• Honda of Thornhill
• McLaren Vancouver
• Pfaff BMW
• Pfaff Subaru
• Porsche Centre Markham
• Volkswagen of Newmarket

Visit lithiacareers.com to learn more about opportunities to join the team and the many benefits that make Lithia & Driveway an exceptional place to work.

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 October 28, 2025?

LAD announced the acquisition of three Orange County Hyundai dealerships and that eight Canadian dealerships made Automotive News' 2025 Best Dealerships To Work For list.

How much annualized revenue does LAD expect from the Orange County acquisitions (LAD)?

LAD expects the three Orange County stores to bring in an estimated $440 million of annualized revenue.

How did the Orange County deals affect LAD's year-to-date acquired revenue (LAD)?

The additions bring LAD's total year-to-date expected annualized U.S. revenue acquired to $1.16 billion.

How were the Orange County acquisitions financed by Lithia & Driveway (LAD)?

The acquisitions were financed using the company's existing on-balance-sheet capacity.

What change in EV sales did Lithia & Driveway (LAD) report for Q3 2025?

LAD reported BEVs represented 10% of new retail sales in Q3, up from 8% in prior quarters.

Which Lithia & Driveway (LAD) Canadian dealerships were recognized in Automotive News' 2025 list?

Recognized LAD stores include Acura of Thornhill, Audi Newmarket, Honda of Thornhill, McLaren Vancouver, Pfaff BMW, Pfaff Subaru, Porsche Centre Markham, and Volkswagen of Newmarket.