GlobeNewsWire
09 Jun 2026, 09:30 UTC · 3h ago
Lithia & Driveway (LAD) Rises to Number 123 on 2026 Fortune 500 List
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GlobeNewsWire
09 Jun 2026, 09:30 UTC · 3h ago
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Story key points
5 claims · impact-rated
Lithia & Driveway (LAD) increased its share repurchase authorization by $500 million. — Increased buybacks typically signal management confidence and provide a direct floor for the share price.
+0.60The company reported record first quarter revenues of $9.3 billion. — Record top-line growth demonstrates strong market demand and successful scaling of the business model.
+0.40Used vehicle revenue increased 4.6% on a same-store basis in the first quarter. — Same-store growth indicates organic health and demand beyond simple acquisition-led expansion.
+0.30Used retail gross profit per unit (GPU) increased by 9% or $133 sequentially. — Improving margins per unit suggest better pricing power or lower procurement costs, boosting profitability.
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Lithia & Driveway ranked No. 123 on the 2026 Fortune 500 list, maintaining its position as the top-ranked automotive retail company. — While prestigious, this is a lagging indicator of historical revenue and has minimal immediate impact on future price action.
+0.10Ticker attribution
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The company achieved a high rank on the Fortune 500 list, reported record first quarter revenues of $9.3 billion, and increased its share repurchase authorization.
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