Lithia & Driveway acquires Rockwall Hyundai, enhancing its Dallas-Fort Worth presence and increasing annualized revenue by $75 million.
Quiver AI Summary
Lithia & Driveway announced the acquisition of Rockwall Hyundai in Rockwall, Texas, aiming to enhance its strategic expansion and generate approximately $75 million in annualized revenue. This acquisition strengthens Lithia's presence in the burgeoning Dallas-Fort Worth market, improving network density for customers, according to President and CEO Bryan DeBoer. The acquisition has contributed to Lithia's total expected annualized revenue acquired this year, now totaling $915 million. Additionally, Lithia reported a share repurchase program where it has invested $40 million to buy back around 108,000 shares in the recent quarter, with a total of $541 million spent this year for approximately 1.9 million shares. The company emphasized its commitment to providing convenient and transparent vehicle ownership experiences as it celebrates 80 years in business.
Potential Positives
- Acquisition of Rockwall Hyundai expands Lithia & Driveway's presence in the growing Dallas-Fort Worth market and is expected to generate $75 million in annualized revenue.
- This acquisition brings the total expected annualized revenue acquired by Lithia & Driveway to $915 million for the year-to-date.
- The company demonstrates a strong financial position by financing the acquisition through existing on-balance sheet capacity.
- Share repurchase efforts signal confidence in the company's value, with $580 million remaining under the current authorization for further buybacks.
Potential Negatives
- Acquisition of Rockwall Hyundai may indicate a dependency on rapid expansion, which can strain resources and management focus.
- Significant share repurchase activity raises concerns about the company's allocation of capital, potentially indicating a lack of more substantial growth opportunities.
- Increased debt levels associated with the acquisition could impact the company’s financial stability in the long term.
FAQ
What is the latest acquisition by Lithia & Driveway?
Lithia & Driveway has acquired Rockwall Hyundai in Rockwall, Texas, as part of its strategic network expansion.
How much annualized revenue does the Rockwall Hyundai acquisition bring?
The acquisition is expected to generate approximately $75 million in annualized revenue.
How does this acquisition impact Lithia's presence in Texas?
This acquisition strengthens Lithia's position in the growing Dallas-Fort Worth market and enhances network density for customers.
What is the total expected annualized revenue acquired by Lithia this year?
With this acquisition, Lithia's total expected annualized revenue acquired in 2026 reaches $915 million.
How has Lithia & Driveway been managing its share repurchase program?
In 2026, Lithia has invested $541 million to repurchase approximately 1.9 million shares, with $580 million remaining for repurchase.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LAD Insider Trading Activity
$LAD insiders have traded $LAD stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $LAD stock by insiders over the last 6 months:
- RICHARD J JR BAILEY sold 297 shares for an estimated $83,330
- CONGDON STACY LORETZ has made 0 purchases and 2 sales selling 150 shares for an estimated $43,074.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LAD Revenue
$LAD had revenues of $9.8B in Q2 2026. This is an increase of 2.17% from the same period in the prior year.
You can track LAD financials on Quiver Quantitative's LAD stock page.
You can access data on LAD stock through the Quiver Quantitative API.
$LAD Hedge Fund Activity
We have seen 213 institutional investors add shares of $LAD stock to their portfolio, and 285 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 422,726 shares (+23.9%) to their portfolio in Q2 2026, for an estimated $122,797,675
- AMERICAN CENTURY COMPANIES INC added 274,912 shares (+154.6%) to their portfolio in Q2 2026, for an estimated $79,859,186
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 227,931 shares (+inf%) to their portfolio in Q2 2026, for an estimated $66,211,676
- NORGES BANK removed 218,230 shares (-57.9%) from their portfolio in Q2 2026, for an estimated $63,393,632
- CONIFER MANAGEMENT, L.L.C. removed 212,000 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $61,583,880
- ROYAL LONDON ASSET MANAGEMENT LTD removed 160,649 shares (-67.8%) from their portfolio in Q2 2026, for an estimated $46,666,928
- MARSHALL WACE, LLP removed 159,823 shares (-80.2%) from their portfolio in Q2 2026, for an estimated $46,426,983
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$LAD Price Targets
Multiple analysts have issued price targets for $LAD recently. We have seen 7 analysts offer price targets for $LAD in the last 6 months, with a median target of $365.0.
Here are some recent targets:
- John Murphy from B of A Securities set a target price of $417.0 on 07/09/2026
- Colin Langan from Wells Fargo set a target price of $306.0 on 07/06/2026
- Robert Saltzman from UBS set a target price of $348.0 on 05/27/2026
- Rajat Gupta from JP Morgan set a target price of $325.0 on 05/07/2026
- Michael Ward from Citigroup set a target price of $365.0 on 05/01/2026
- John Babcock from Barclays set a target price of $370.0 on 04/07/2026
- Douglas Dutton from Evercore ISI Group set a target price of $400.0 on 03/30/2026
Full Release
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 $75 million in annualized revenue.
“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 $915 million. This acquisition was financed using existing on-balance sheet capacity.
Share Repurchase Update
In the quarter, LAD has invested $40 million to repurchase approximately 108,000 shares at a weighted average price of $375, representing 0.46% of outstanding shares.
To date this year, LAD has invested $541 million to repurchase approximately 1.9 million shares at a weighted average price of $284. This represents 8.1% of outstanding shares. $580 million remains available for repurchase under the existing share repurchase authorization.
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
https://www.lithiadriveway.com/80-years
Connect with Us!
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https://www.lithia.com
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GreenCars (All things sustainable vehicles):
https://www.greencars.com
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https://www.drivewayfinancecorp.com
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https://investors.lithiadriveway.com/
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Media Contact
Skyya for Lithia & Driveway
[email protected]
