Lithia Motors Accelerates Southeast Growth: Acquisitions To Generate Over $240M Annually
Lithia Motors Accelerates Southeast Growth: Acquisitions To Generate Over $240M Annually
Lithia Motors, Inc. (NYSE:LAD) shares are trading lower today. The company revealed its expansion in the U.S. Southeast Region through the purchase of stores that are expected to generate over $240 million in annualized revenue.
利西亚车行股票(NYSE:LAD)今天交易下跌。公司通过购买门店来扩展美国东南地区，预计将产生超过2.4亿美元的年营业收入。
In particular, the company purchased Sunrise Chevrolet Buick GMC in Collierville and Sunrise Buick GMC in Wolfchase, both in Memphis, Tennessee, and Woodbridge Hyundai in Greater Toronto.
特别是，公司收购了田纳西州孔利维利市的Sunrise Chevrolet Buick GMC和Wolfchase的Sunrise Buick GMC以及大多伦多的Woodbridge Hyundai。
The prominent Sunrise stores in Tennessee represent Lithia Motors' entrance into the Memphis market, enhancing its footprint in the nation's most lucrative region.
田纳西州的重要Sunrise门店代表了利西亚车行进入孟菲斯市场，加强了其在美国最赚钱地区的市场份额。
Additionally, the Woodbridge Hyundai site will utilize an existing owned facility, paving the way for solid returns.
此外，Woodbridge Hyundai的场地将利用现有的自有设施，为实现可观的回报铺平道路。
With these additions, the company's total year-to-date expected annualized revenue from acquisitions surpasses $5.6 billion. The company financed these acquisitions through existing on-balance sheet capacity.
随着这些收购的加入，公司预期今年的预期年化营业收入总额将超过56亿美元。公司通过现有的资产负债表容量来融资这些收购。
Recently, Lithia & Driveway unveiled a $350 million augmentation to its share repurchase authorization sanctioned by its Board of Directors, which raises the total funds allocated for future repurchases to about $660 million.
最近，利西亚车行(Driveway)董事会授权推出3.5亿美元的股票回购计划，将未来回购的总资金分配到约6.6亿美元。
Investors can gain exposure to the stock via Invesco S&P Midcap 400 Pure Value ETF (NYSE:RFV) and Invesco S&P MidCap Value With Momentum ETF (NYSE:XMVM).
投资者可以通过英富时纯价值中盘400ETF (NYSE:RFV)和英富时中盘有动力价值ETF (NYSE:XMVM)股票获得该股的份额。
Price Action: LAD shares are down 1.15% at $256.885 at the last check Tuesday.
价格行动：截至本周二，利西亚车行(LAD)的股价下跌1.15%，为256.885美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本文部分内容使用了Benzinga Neuro的帮助。此内容是通过AI工具部分制作的，并由Benzinga编辑进行了审查和发布。