Retrieved on:
Tuesday, December 13, 2022
"With the addition of Glenn's Freedom CDJR, we continue to build out our physical network and expand consumer optionality within our omni-channel strategy," said Bryan DeBoer, Lithia & Driveway President and CEO.
Key Points:
- "With the addition of Glenn's Freedom CDJR, we continue to build out our physical network and expand consumer optionality within our omni-channel strategy," said Bryan DeBoer, Lithia & Driveway President and CEO.
- "Their pursuit of excellence and performance-driven culture make them an ideal fit into the Lithia & Driveway family."
- In 2022, LAD has acquired 33 stores that are expected to contribute annualized revenue of $3.5 billion.
- LAD is a growth company focused on profitably consolidating the largest retail sector inNorth Americathrough providing personal transportation solutions wherever, whenever, and however consumers desire.
Retrieved on:
Tuesday, December 6, 2022
MEDFORD, Ore., Dec. 6, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today they have expanded into Colorado, purchasing Ferrari of Denver, the Company's first Ferrari store.
Key Points:
- MEDFORD, Ore., Dec. 6, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today they have expanded into Colorado, purchasing Ferrari of Denver, the Company's first Ferrari store.
- Ferrari of Denver will specialize in personalized, in-home customer experiences covering the full ownership lifecycle.The only Ferrari location in the greater Rocky Mountains region, this store boasts three Ferrari-certified technicians and a Bentley master-certified technician.
- In addition to Ferrari, this store also sells Bentley and other luxury brands.
- "We're thrilled to welcome this Denver team into the Lithia & Driveway family," said Bryan DeBoer, President and CEO.
Retrieved on:
Tuesday, November 29, 2022
Kalen DeBoer,
Dodge,
Dallas–Fort Worth metroplex,
LAD,
Jeep,
CDJR,
Transport,
Excellence,
EPS,
NYSE,
FCA,
Lithia,
Acquisition,
Oil,
Ram "We are thrilled to welcome this experienced and dedicated team to the Lithia & Driveaway family" said Bryan DeBoer, Lithia & Driveway President and CEO.
Key Points:
- "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.
- The store is projected to generate more than $200 millionin 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.
Retrieved on:
Tuesday, November 22, 2022
Aston,
Chamberlain,
LAD,
NYSE,
Adam,
Mercedes-Benz USA,
Mercedes-Benz,
Region,
Omnichannel,
Transport,
Management,
Operation MEDFORD, Ore., Nov. 22, 2022 /PRNewswire/ --Lithia & Driveway (NYSE: LAD), America's largest automotive new car retailer, has added to its executive team, appointing Adam Chamberlain as Regional President of Operations.
Key Points:
- MEDFORD, Ore., Nov. 22, 2022 /PRNewswire/ --Lithia & Driveway (NYSE: LAD), America's largest automotive new car retailer, has added to its executive team, appointing Adam Chamberlain as Regional President of Operations.
- Chamberlain, in addition to three tenured Regional Presidents, will execute LAD's strategy in North America, reporting directly to Chris Holzshu, LAD's Chief Operating Officer.
- The Atlanta-based automotive executive joins LAD from Aston Martin NA, where he served as President, after spending over 5 years as Vice President of Sales and Products for Mercedes Benz USA.
- Adam's proactive and collaborative leadership combined with an acute love for store operations, will fit well alongside our Regional Presidents.
Retrieved on:
Wednesday, November 2, 2022
The store establishes a physical presence for Driveway's traditional digital platform to further advance consumer optionality while modernizing the vehicle-ownership experience.
Key Points:
- The store establishes a physical presence for Driveway's traditional digital platform to further advance consumer optionality while modernizing the vehicle-ownership experience.
- Driveway Chrysler Dodge Jeep Ram of Portland allows consumers to experience a new way to purchase a vehicle and have some fun in the process.
- "Our Driveway Chrysler Dodge Jeep Ram store is the physical embodiment of our omni-channel solution," said Bryan DeBoer, President and CEO of Lithia & Driveway.
- Driveway Chrysler Dodge Jeep Ram of Portland is located at 633 NE 12th Ave, Portland, OR 97232.
Retrieved on:
Tuesday, November 1, 2022
Board,
NYSE,
Board of directors,
Industry,
Solution,
Alan DeBoer,
CEO,
Share repurchase,
LAD,
Transport,
Bank MEDFORD, Ore., Nov. 1, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) announced today an increase of$450 millionto its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately$500 million.
Key Points:
- MEDFORD, Ore., Nov. 1, 2022 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) announced today an increase of$450 millionto its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately$500 million.
- "This announcement reflects our continued confidence in our long-term growth strategy and ability to consolidate the largest retail industry in the country," saidBryan DeBoer, Lithia & Driveway President and CEO.
- Since the end of the third quarter, LAD has repurchased an additional, approximately, 175,000 shares for an average repurchase price of $198 per share.
- To date this year, LAD has repurchased over 2.4 million shares, or over 8% of outstanding shares, for an average price of $276 per share.
