LAD - Lithia & Driveway boosts share repurchase authorization by $450M
- Lithia & Driveway ( NYSE: LAD ) has expanded its share repurchase authorization by $450M, bringing total funds available for future repurchases to approximately?$500M.
- Since the end of the third quarter, the automotive dealership group has repurchased an additional 175K shares for an average repurchase price of $198/share.
- Year-to-date, it has repurchased over 2.4M shares, or over 8% of outstanding shares, for an average price of $276/share.
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Lithia & Driveway boosts share repurchase authorization by $450M