Lithia & Driveway announced an increase to its share repurchase authorization by its board of directors of $750 million, bringing total repurchase capacity to $1.08 billion.
“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.”
In the third quarter to date, LAD has invested $242 million to repurchase approximately 812,000 shares at a weighted average price of $298 per share. Total repurchases in 2025 of $492 million represent 6.1% of shares outstanding.
