Lithia & Driveway's (LAD) Purchase of One of the Largest Stellantis Stores in Kentucky, Marks Entry into State


MEDFORD, Ore., Dec. 13, 2022 /PRNewswire/ — Lithia & Driveway (NYSE: LAD) announced today it has purchased its first location in Kentucky, expanding its retail footprint and presence in one of the strongest retail regions in the country.

“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.”

The store is projected to generate more than $140 million in annualized revenue. In 2022, LAD has acquired 33 stores that are expected to contribute annualized revenue of $3.5 billion. Acquisitions continue to be a key 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

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lithia–driveways-lad-purchase-of-one-of-the-largest-stellantis-stores-in-kentucky-marks-entry-into-state-301701333.html

SOURCE Lithia Motors, Inc.

rt

Source link

The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy