Lithia & Driveway announced a significant increase to its share repurchase authorization by its Board of Directors, adding $750 million. This brings the total available funds for future repurchases to an aggregate of $1.08 billion, demonstrating a strong commitment to returning capital to shareholders.
Bryan DeBoer, President and CEO, stated that this increase underscores the company's long-term conviction in its strategy and the robust cash generation of its omnichannel model. He emphasized that repurchases are an attractive and value-accretive complement to continued investments in growth.
In the third quarter to date, Lithia has already invested $242 million to repurchase approximately 812,000 shares at a weighted average price of $298 per share. Total repurchases in 2025 amount to $492 million, representing 6.1% of outstanding shares, highlighting the active execution of its capital return strategy.
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