LAD - Lithia Motors adds $75M of revenue in Southwest region

Lithia Motors & Driveway ([[LAD]] +5.7%) has acquired Avondale Nissan located in Phoenix, Arizona; increasing its offerings in the second largest metropolitan market in the Southwest region. This purchase brings LAD's total annualized revenues acquired to over $4.75B since the launch of its 5-year plan 9 months ago."We are ahead of our target of acquiring $4B in annualized revenues each year and are well on our way to reaching our plan of $50B in revenue and $50 EPS." said Bryan DeBoer, President and CEO.

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Lithia Motors adds $75M of revenue in Southwest region