Lithia & Driveway E boosts buyback program by $750 million

Lithia & Driveway E boosts buyback program by $750 million

Lithia & Driveway (NYSE: LAD) has announced a significant expansion of its share repurchase program, with its Board of Directors approving a $750 million increase to the authorization. This brings the total repurchase capacity to $1.08 billion [1].

The company has already demonstrated strong buyback activity in Q3 2025, investing $242 million to repurchase approximately 812,000 shares at an average price of $298 per share. Year-to-date repurchases total $492 million, representing 6.1% of outstanding shares [2].

"Today's increase underscores our long-term conviction in LAD's strategy and the cash generation of our omnichannel model," said Bryan DeBoer, Lithia & Driveway President and CEO. "With the strength of our business and our shares trading below intrinsic value, repurchases are an attractive and value-accretive complement to our continued investments in growth, all guided by disciplined return on invested capital and our commitment to maximizing shareholder returns."

Lithia & Driveway is the largest global automotive retailer, offering a wide array of products and services throughout the vehicle ownership lifecycle. The company's comprehensive network of physical locations, e-commerce platforms, and other synergistic adjacencies provides a flexible and scalable approach to modernizing personal transportation solutions [2].

References:
[1] https://www.stocktitan.net/news/LAD/lithia-driveway-lad-announces-share-repurchase-authorization-4ftuk7qtp12f.html
[2] https://www.prnewswire.com/news-releases/lithia--driveway-lad-announces-share-repurchase-authorization-increase-302538096.html