Lithia & Driveway (LAD) Debuts on Fortune's Global 500 List and Expands Retail Network in Southeast Region
Lithia & Driveway (NYSE:LAD) has achieved two significant milestones: debuting at position #434 on the Fortune Global 500 list and maintaining its #1 position in Automotive Retail on the Fortune 500 list at #124. The company also announced the strategic acquisition of three dealerships in the Southeast region: Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis.
The expansion strengthens LAD's presence in the profitable Southeast market, with these locations expected to become among the highest-volume stores nationwide. The acquisitions bring LAD's total year-to-date expected annualized revenue acquired to $620 million, funded through existing balance sheet capacity.
Lithia & Driveway (NYSE:LAD) ha raggiunto due traguardi importanti: 猫 entrata al #434 della Fortune Global 500 e ha mantenuto la sua posizione di
Questa espansione rafforza la presenza di LAD in un mercato sud-orientale redditizio, con queste sedi destinate a diventare tra i punti vendita a maggiore volume a livello nazionale. Le acquisizioni portano il totale dei ricavi annualizzati attesi acquisiti da inizio anno a 620 milioni di dollari, finanziati con la capacit脿 di bilancio esistente.
Lithia & Driveway (NYSE:LAD) ha logrado dos hitos importantes: debutar en la lista Fortune Global 500 en la posici贸n #434 y conservar el puesto #1 en Automotive Retail de la Fortune 500, donde figura en el #124. La compa帽铆a tambi茅n anunci贸 la adquisici贸n estrat茅gica de tres concesionarios en el sureste: Palm Beach Acura, West Palm Beach Hyundai y West Palm Beach Genesis.
La expansi贸n fortalece la presencia de LAD en el lucrativo mercado del sureste, y se espera que estas ubicaciones se conviertan en algunos de los concesionarios de mayor volumen del pa铆s. Las adquisiciones elevan el total de ingresos anualizados esperados adquiridos en lo que va del a帽o a 620 millones de d贸lares, financiados con la capacidad existente en el balance.
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Lithia & Driveway (NYSE:LAD) a franchi deux 茅tapes importantes : son entr茅e 脿 la #434 du Fortune Global 500 et le maintien de sa 1re place dans le secteur Automotive Retail de la Fortune 500, o霉 elle se classe #124. La soci茅t茅 a 茅galement annonc茅 l'acquisition strat茅gique de trois concessions dans le Sud-Est : Palm Beach Acura, West Palm Beach Hyundai et West Palm Beach Genesis.
Cette expansion renforce la pr茅sence de LAD sur le march茅 rentable du Sud-Est, ces sites devant devenir parmi les concessions 脿 plus fort volume au niveau national. Les acquisitions portent le total des revenus annualis茅s acquis depuis le d茅but de l'ann茅e 脿 620 millions de dollars, financ茅s par la capacit茅 existante du bilan.
Lithia & Driveway (NYSE:LAD) hat zwei bedeutende Meilensteine erreicht: den Einstieg auf Platz #434 der Fortune Global 500 und die Beibehaltung der #1-Position im Automotive Retail der Fortune 500, wo das Unternehmen auf Platz #124 rangiert. Zudem gab das Unternehmen die strategische 脺bernahme von drei Autoh盲usern im S眉dosten bekannt: Palm Beach Acura, West Palm Beach Hyundai und West Palm Beach Genesis.
Die Expansion st盲rkt LADs Pr盲senz in dem profitablen S眉dostmarkt; diese Standorte werden voraussichtlich zu den volumenst盲rksten Filialen landesweit geh枚ren. Durch die 脺bernahmen erh枚ht sich der kumulierte, seit Jahresbeginn erwartete annualisierte Umsatz um 620 Millionen US-Dollar, finanziert aus bestehender Bilanzkapazit盲t.
- First-time inclusion in Fortune Global 500 list at position #434
- Maintained #1 position in Automotive Retail category on Fortune 500
- Strategic acquisition of three high-potential dealerships in Southeast region
- $620 million in expected annualized revenue from year-to-date acquisitions
- Acquisition funded through existing balance sheet capacity, indicating strong financial position
- None.
Insights
LAD's Global 500 debut and $620M in acquisitions strengthens its market position and strategic regional density.
Lithia & Driveway's debut on the Fortune Global 500 list at position #434 represents a significant milestone in the company's growth trajectory. This achievement, coupled with maintaining the #1 position in the Automotive Retail category on the Fortune 500 U.S. list for the second consecutive year, demonstrates LAD's continued market dominance and successful expansion strategy.
The acquisition of Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis is strategically significant for several reasons. First, these dealerships enhance LAD's brand diversity by adding both luxury and import nameplates to their portfolio. Second, they increase operational density in the Southeast region, which management has identified as highly profitable with strong growth potential. Dealership density in specific regions creates significant operational advantages through streamlined logistics, marketing efficiencies, and increased local brand recognition.
With these acquisitions, LAD has now acquired
The company's continued execution of its growth strategy, now spanning North America and the UK with nearly 30,000 employees, positions LAD to leverage its increased scale for improved purchasing power, technology investments, and cross-selling opportunities across its expanding ecosystem of automotive retail businesses.
Lithia & Driveway has demonstrated consistent growth, steadily advancing its standing as a leader in the automotive retail industry, while expanding its network of dealerships across
"Our debut on the Fortune Global 500 list is a meaningful milestone for Lithia & Driveway and reflects the dedication of our nearly 30,000 team members worldwide," said Bryan DeBoer, President and CEO. "Our growth has been fueled by our unique ecosystem and expanding footprint, innovation in digital retail and delivery of exceptional experiences to meet customers wherever they are. As we continue to grow, we remain focused on innovation, a people-first culture and generating lasting value for all who rely on us."
Southeast Regional Expansion
Lithia & Driveway today announced the acquisition of Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis. These strategic acquisitions increase density and brand mix of luxury and import in the highly profitable Southeast region and have the potential to become among the highest volume stores in the country.
"These high-opportunity stores expand our presence in the growing Southeast region, increasing the density of our omnichannel platform and improving the diversity of our brands. We're welcoming high-performing teams that will deepen customer relationships and accelerate growth across our ecosystem," said Bryan DeBoer, President and CEO, Lithia & Driveway. "These acquisitions reflect our continued focus on strategic growth powered by our disciplined approach to deploying capital and maximizing shareholder return."
This addition brings LAD's total year-to-date expected annualized revenue acquired to
About Lithia & Driveway (LAD)
Lithia & Driveway (NYSE: LAD) is the largest global automotive retailer providing a wide array of products and services throughout the vehicle ownership lifecycle. Simple, convenient, and transparent experiences are offered through our comprehensive network of physical locations, e-commerce platforms, captive finance solutions, fleet management offerings, and other synergistic adjacencies. We deliver consistent, profitable growth in a massive and unconsolidated industry. Our highly diversified and competitively differentiated design provides us the flexibility and scale to pursue our vision to modernize personal transportation solutions wherever, whenever and however consumers desire.
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SOURCE Lithia Motors, Inc.
FAQ
What position did Lithia & Driveway (LAD) achieve on the Fortune Global 500 list in 2025?
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