Lithia & Driveway Acquires Rockwall Hyundai in Texas

06:21 AM EDT, 09/08/2026 (MT Newswires) -- Lithia & Driveway (LAD) acquired Rockwall Hyundai in Rockwall, Texas, as part of its network expansion, the company said Tuesday. The acquisition, which was financed using existing on-balance-sheet capacity, is expected to add around $75 million in annual revenue, the company said. Additionally, Lithia & Driveway repurchased approximately 108,000 shares for a total of $40 million during the quarter. The company has repurchased approximately 1.9 million shares this year for $541 million.