Lithia & Driveway Acquires Rockwall Hyundai and Updates Share Repurchase Program

Key Facts

1Lithia & Driveway announced the acquisition of Rockwall Hyundai in Rockwall, Texas.

2The acquisition is expected to add approximately $75 million in estimated annualized revenue.

In a move reflecting continued expansion within the automotive retail sector, Lithia & Driveway (LAD) announced the acquisition of Rockwall Hyundai in Texas. According to reports, the acquisition is expected to add approximately $75 million in estimated annualized revenue, strengthening the company's presence in the growing Dallas-Fort Worth market. This addition is part of a broader strategic network expansion aimed at increasing service density for its customer base.

Alongside operational growth, the company provided an update on its capital return strategy, noting a $40 million investment this quarter to repurchase approximately 108,000 shares at a weighted average price of $375. Per analyst data, LAD has invested a total of $541 million year-to-date to repurchase 1.9 million shares, representing 8.1% of outstanding shares. Approximately $580 million remains available under the existing share repurchase authorization, signaling management's commitment to shareholder value.

Regarding market performance, updated price levels for LAD shares were unavailable as of the close on September 8, 2026. Investors are now looking toward upcoming macroeconomic catalysts, including the U.S. JOLTs Job Openings report, which previously stood at 7.182 million. These labor market indicators are often viewed as critical benchmarks for consumer-facing sectors like automotive retail.