Lithia Motors Inc（LAD）資訊與事件LADLithia Motors Inc

Lithia & Driveway Reports Q3 Revenue of $9.95B

Reports Q3 revenue $9.95B, consensus $9.71B. "Our people and our ecosystem set Lithia & Driveway apart again this quarter, delivering record quarterly revenues and continued growth in earnings per share. Used vehicle profitability strengthened, aftersales margins expanded, cost discipline continued, and Financing Operations delivered strong income growth on the strength of a high-quality credit portfolio," said Bryan DeBoer, president and CEO. "The capital decisions of the past year are reflected in our financial results, with a meaningfully lower share count magnifying every dollar we earn. With the flexibility of our cash generation and strong balance sheet, the earnings power of our model continues to build as we head into 2027."

Bryan DeBoer Appointed Chairman of the Board

The board of directors has appointed Bryan DeBoer, our president and CEO, as chairman of the board, effective October 19. In this expanded role, Bryan DeBoer will serve as both chairman and CEO. Sidney DeBoer will become vice chairman and will continue to serve on the board. Louis Miramontes will continue to serve as lead independent director.

Lithia & Driveway Shares Rise Over 7% as Penske Automotive Agrees to $16.3B Merger

Shares of Lithia & Driveway (LAD) are up more than 7% in morning trading as Penske Automotive (PAG) agreed to a $16.3B merger deal to be taken private by Motown Acquisition, an entity owned by Penske Corporation and Mitsui. CarMax (KMX) is also higher after BofA double upgraded the stock to Buy from Underperform, saying FTC price transparency enforcement - combined with CarMax's own initiatives - has made the retailer "the most price competitive it has been in years." Other auto dealers moving higher today include AutoNation (AN), Group 1 Automotive (GPI), and Sonic Automotive (SAH).