Lithia & Driveway Increases Share Repurchase Authorization
LADLithia Motors(LAD) Prnewswire·2024-06-04 19:00

MEDFORD, Ore., June 4, 2024 /PRNewswire/ -- Lithia & Driveway (NYSE: LAD) announced today a $350 million increase to its share repurchase authorization by its Board of Directors, bringing total funds available for future repurchases to approximately $660 million. "Increasing our share repurchase authorization reflects confidence in our long-term growth and profitability," said Bryan DeBoer, Lithia & Driveway President and CEO. "With all of the foundational pieces of our unique strategy in place, we are turn ...