Lithia & Driveway Acquires Rock Honda

Lithia & Driveway Acquires Three Duval Motor Company Dealerships in Florida

September 10, 2024

Automotive

Lithia & Driveway (NYSE: LAD) purchased three dealerships (Acura, Honda and Subaru) from Duval Motor Company in Jacksonville and Gainesville, Florida, adding an expected $200M+ in annualized revenue. The deal marks Lithia's entry into these Florida markets and expands its import and luxury retail footprint, funded using existing on‑balance sheet capacity.

Lithia & Driveway Acquires Elk Grove Subaru

March 4, 2025

Automotive

Lithia & Driveway (LAD) acquired Elk Grove Subaru in Elk Grove, California, adding the dealership to its Sacramento-area retail network and strengthening density in the Southwest region. The acquisition, financed with existing on‑balance sheet capacity, is expected to add approximately $100 million of annual revenue to LAD.

Lithia & Driveway Acquires Porsche Beverly Hills and Audi Santa Monica

November 11, 2025

Automotive

Lithia & Driveway (LAD) acquired two luxury Southern California dealerships — Porsche Beverly Hills and Audi Santa Monica — adding an estimated $450 million of annualized revenue. The purchases, sourced from owner Geoff Emery, expand Lithia's luxury retail network and were financed with existing on‑balance sheet capacity.

Lithia & Driveway Acquires Stohlman Subaru in Sterling, Virginia

January 28, 2025

Automotive

Lithia & Driveway (LAD) acquired Stohlman Subaru in Sterling, Virginia to expand its Mid-Atlantic footprint. The acquisition, financed with existing on‑balance sheet capacity, adds expected annualized revenue of $80 million to LAD.

Lithia & Driveway Acquires Carousel Motor Group

February 27, 2024

Automotive

Lithia & Driveway (LAD) has purchased Carousel Motor Group, a nine-store dealer group operating premium luxury and domestic franchises in the Minneapolis–St. Paul region, adding an expected $900 million in annualized revenue. The acquisition expands Lithia's footprint in the North Central Region (including its first Ford store in Wisconsin) and was financed using existing on‑balance sheet capacity; the seller is Pohlad Companies (the Pohlad family).

Lithia & Driveway Acquires Stivers Decatur Subaru

October 14, 2025

Automotive

Lithia & Driveway (LAD) acquired Stivers Decatur Subaru in the Atlanta/Decatur market to increase network density in the Southeast and strengthen its import mix. The acquisition, financed with on-balance-sheet capacity, is expected to bring an estimated $100 million in annualized revenue and deepens Lithia's footprint in a growth market.