XMVM - Lithia Motors Accelerates Southeast Growth: Acquisitions To Generate Over $240M Annually | Benzinga
Lithia Motors, Inc. (NYSE:LAD) shares are trading lower today. The company revealed its expansion in the U.S. Southeast Region through the purchase of stores that are expected to generate over $240 million in annualized revenue.
In particular, the company purchased Sunrise Chevrolet Buick GMC in Collierville and Sunrise Buick GMC in Wolfchase, both in Memphis, Tennessee, and Woodbridge Hyundai in Greater Toronto.
The prominent Sunrise stores in ...