Lithia & Driveway (LAD) Provides Share Repurchase Update and Continues to Expand in Canada

Lithia & Driveway (NYSE:LAD) reported share repurchases and a Canadian acquisition on Dec 2, 2025.

Rhea-AI Summary

Lithia & Driveway (NYSE:LAD) reported share repurchases and a Canadian acquisition on Dec 2, 2025.

This quarter LAD repurchased $274 million for ~875,000 shares at a weighted average price of $313 (≈3.3% of outstanding shares). Year-to-date repurchases total $933 million for 2.98 million shares (≈11.3% of outstanding shares) with $636 million remaining under authorization.

LAD completed the acquisition of Fines Ford (Greater Toronto Area), expected to add $100 million of annualized revenue and bring LAD's year-to-date expected annualized revenue to $2.2 billion; the deal was financed using existing on-balance-sheet capacity.

Positive

• Quarterly repurchases of $274M for ~875,000 shares
• YTD repurchases of $933M representing 2.98M shares
• YTD buybacks equal 11.3% of outstanding shares
• Remaining repurchase authorization of $636M
• Fines Ford acquisition adds $100M annualized revenue
• YTD expected annualized revenue now $2.2B; financed on-balance-sheet

Negative

• None.

Argus Dec 2 session

-0.94% close to close Open Argus

Details

News Market Reaction – LAD

On Dec 2, the day this news came out, LAD closed 0.94% below the previous close.

Data tracked by StockTitan Argus for the Dec 2 session.

Key Figures

Q4 repurchases: $274 million Shares repurchased (quarter): 875,000 shares Average repurchase price: $313 +5 more

Q4 repurchases

$274 million

Invested this quarter to repurchase shares

Shares repurchased (quarter)

875,000 shares

Repurchased this quarter at $313 average price

Average repurchase price

$313

Weighted average price paid for repurchases

YTD repurchases

$933 million

Invested year-to-date to repurchase shares

YTD shares repurchased

2.98 million shares

Repurchased year-to-date at $313 average price

Percent of shares YTD

11.3%

Year-to-date repurchases as share of outstanding

Remaining authorization

$636 million

Available under existing share repurchase authorization

Added annualized revenue

$100 million

Expected annualized revenue from Fines Ford acquisition

Historical Context

5 past events · Latest: Dec 02

5 events

1. Dec 02

   Buybacks & acquisition

   24h Move

   -0.9%

   Detailed Q4 repurchases, year-to-date buybacks, and Fines Ford acquisition in Canada.

2. Nov 12

   Luxury acquisitions

   24h Move

   +2.1%

   Acquisition of Porsche Beverly Hills and Santa Monica Audi adding luxury exposure.

3. Nov 11

   Network expansion

   24h Move

   -0.2%

   Luxury network expansion and recognition on TIME America’s Growth Leaders list.

4. Oct 28

   Southwest expansion

   24h Move

   -1.1%

   Hyundai acquisitions in Orange County and Canadian workplace recognition.

5. Oct 22

   Q3 earnings

   24h Move

   -1.1%

   Record Q3 revenue with higher EPS and ongoing buybacks and acquisitions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchases, share repurchase authorization, omnichannel, annualized revenue, +1 more

5 terms

share repurchases financial

"LAD has invested $274 million to repurchase nearly 875,000 shares..."

Share repurchases occur when a company buys back its own shares from the open market. This process reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, share repurchases can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

share repurchase authorization financial

"$636 million remains available for repurchase under the existing share repurchase authorization."

A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.

omnichannel technical

"our resilient profitability, generative cash flows and omnichannel model"

A coordinated approach to selling and serving customers across all touchpoints—stores, websites, mobile apps, social media, and call centers—so the experience feels like one continuous conversation no matter where a customer interacts. For investors, omnichannel capability signals how well a company can attract and keep customers, turn interactions into sales, and use shared customer data to cut costs and boost revenue—making it a key driver of growth and competitive strength.

annualized revenue financial

"This store is expected to increase annualized revenue by $100 million."

Annualized revenue is a way to estimate how much money a company will earn in a year based on its current sales over a shorter period. It helps investors understand the company's consistent earning power, kind of like projecting your monthly earnings to see what you might make in a full year.

on-balance sheet capacity financial

"was financed using existing on-balance sheet capacity."

On-balance sheet capacity is the amount of financial room a company has within its own accounts to add assets or take on debt without breaching covenants, exhausting cash, or needing to raise outside capital. Think of it like the spare space in a household budget or the empty slots in a backpack: it shows how much the firm can fund growth, make acquisitions, pay dividends, or absorb losses using its current balance-sheet resources. Investors watch it because it signals how easily a company can act or withstand shocks without diluting shareholders or seeking costly external financing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

MEDFORD, Ore., Dec. 2, 2025 /PRNewswire/ -- In the quarter, LAD has invested $274 million to repurchase nearly 875,000 shares at a weighted average price of $313, representing 3.3% of outstanding shares.

"Our share repurchases this quarter demonstrate our conviction in our resilient profitability, generative cash flows and omnichannel model," said Bryan DeBoer, Lithia and Driveway President and CEO. "Our strong balance sheet and shares trading below intrinsic value allows us to return capital while also strengthening our network through strategic acquisitions."

To date this year, LAD has invested nearly $933 million to repurchase 2.98 million shares at a weighted average price of $313. This represents 11.3% of outstanding shares. $636 million remains available for repurchase under the existing share repurchase authorization.

Fines Ford Acquisition

Additionally, LAD completed the acquisition of Fines Ford in the Greater Toronto Area, Canada. This strategic investment demonstrates LAD's continued ability to strengthen its network in the North American market. This store is expected to increase annualized revenue by $100 million.

"We are excited to expand our presence in the Canadian market with the addition of Fines Ford to the Lithia & Driveway family. This strategic investment in Canada's number one volume brand strengthens our omnichannel network in the nation's largest market," said Bryan DeBoer, Lithia and Driveway President and CEO. "Fines Ford's customer loyalty and established reputation in the community align perfectly with our strategy to provide exceptional experiences wherever, whenever, and however customers desire. This accretive acquisition reflects our disciplined approach to delivering sustainable growth and shareholder value while bringing new customers into our unique ecosystem."

This addition brings LAD's total year-to-date expected annualized revenue to $2.2 billion and was financed using existing on-balance sheet capacity.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/lithia--driveway-lad-provides-share-repurchase-update-and-continues-to-expand-in-canada-302629708.html

SOURCE Lithia Motors, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Lithia & Driveway (LAD) spend on share repurchases in Q4 2025?

LAD repurchased $274 million in the quarter, buying ~875,000 shares.

What percentage of outstanding shares has LAD repurchased year-to-date in 2025 (LAD)?

LAD repurchased about 11.3% of outstanding shares year-to-date in 2025.

How much repurchase authorization remains for Lithia & Driveway (LAD)?

Approximately $636 million remains available under the current repurchase authorization.

What is the expected revenue impact of the Fines Ford acquisition for LAD?

Fines Ford is expected to add about $100 million of annualized revenue to LAD.

How was the Fines Ford acquisition financed by Lithia & Driveway (LAD)?

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

What is LAD's updated year-to-date expected annualized revenue after the acquisition?

LAD's year-to-date expected annualized revenue is now reported at $2.2 billion.