Lithia & Driveway (LAD) Tuesday announced that it has acquired Stohlman Subaru in Sterling, Virginia, strengthening its presence in the Mid-Atlantic region.
The acquisition adds $80 million in expected annualized revenue and was financed using existing resources. This aligns with Lithia & Driveway's mission to expand its footprint and innovate in the automotive retail sector, integrating the Stohlman Subaru team into its operations for continued growth.
LAD closed Tuesday's trading at $367.88 up 3.40 percent or $12.09 on the New York Stock Exchange.
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