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 350millionincreasetoitssharerepurchaseauthorizationbyitsBoardofDirectors,bringingtotalfundsavailableforfuturerepurchasestoapproximately350 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 ...