Lithia & Driveway (LAD) Expands in Texas, Adding over $200 Million in Annualized Revenue

PR Newswire

MEDFORD, Ore. , Nov. 29, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today they have expanded their footprint in Texas with the purchase of Meador Chrysler , Dodge, Jeep, Ram (CDJR), the second largest CDJR store in the Dallas/Fort Worth area.

"We are thrilled to welcome this experienced and dedicated team to the Lithia & Driveaway family" said Bryan DeBoer , Lithia & Driveway President and CEO. "Meador CDJR has a long-standing reputation for delivering exceptional service, earning them the FCA Customer First Award for Excellence" said DeBoer.

Meador CDJR is located in Fort Worth and serves the greater Dallas-Fort Worth area. The store is projected to generate more than $200 million in annualized revenue, bringing LAD's total expected annualized revenue acquired in 2022 to over $3.3 billion . This acquisition continues the expansion of LAD's nation-wide network as part of the company's 2025 Plan to reach $50 billion in revenue and $55 to $60 in EPS.

About Lithia & Driveway (LAD):

LAD is a growth company focused on profitably consolidating the largest retail sector in North America through providing 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 Twitter
https://twitter.com/lithiamotors
https://twitter.com/DrivewayHQ
https://twitter.com/GreenCarsHQ

SOURCE Lithia Motors, Inc.