Lithia & Driveway (LAD) completed the purchase of Fines Ford, a high‑volume dealership in the Greater Toronto Area, adding an estimated $100 million in annualized revenue to its Canadian operations. The deal strengthens LAD’s omnichannel presence in North America and positions the company to capture a larger share of the Canadian automotive market, where it has been expanding since 2021 with the acquisition of Pfaff Automotive Partners.
The company also announced a $274 million share‑repurchase program for the quarter, buying back roughly 875,000 shares at a weighted average price of $313. The buyback represents 3.3 % of outstanding shares and brings the year‑to‑date repurchase total to $933 million, or 11.3 % of shares. The program reflects LAD’s confidence in its cash‑flow generation and its commitment to returning capital to shareholders while pursuing disciplined acquisitions.
In Q3 2025, LAD reported record revenue of $9.7 billion, up 5 % from $9.2 billion in Q3 2024, and diluted EPS of $8.61, an 11 % increase from $7.73. The acquisition and share‑repurchase program build on this momentum, adding to a year of strong top‑line growth and earnings expansion that has outpaced many peers in the automotive retail sector.
Segment data from the Q3 2025 report shows used‑retail revenue grew 11.8 % on a same‑store basis, while aftersales gross profit rose 9.1 %. The Fines Ford acquisition is expected to reinforce these high‑margin segments by adding a well‑positioned dealership that already benefits from a robust aftersales network and a strong digital sales platform, further enhancing LAD’s omnichannel model.
CEO Bryan DeBoer said, “The Fines Ford acquisition strengthens our Canadian network and aligns with our strategy to deliver exceptional customer experiences across all touchpoints. The share‑repurchase program demonstrates our confidence in the company’s intrinsic value and our commitment to returning capital to shareholders.” His comments underscore the company’s focus on disciplined capital allocation and growth through strategic acquisitions.
The combined impact of the acquisition and the buyback signals a robust outlook for LAD. The company’s expanding Canadian presence, coupled with a high‑margin aftersales model, positions it to capture additional market share while maintaining strong cash‑flow generation. The share‑repurchase program further supports shareholder value, reinforcing confidence in LAD’s long‑term strategy and financial health.
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