Lithia & Driveway Expands in Texas with Rockwall Hyundai Acquisition

MEDFORD, Ore., Sept. 08, 2026 /CourierPR/ -- Lithia & Driveway, the largest global automotive retailer, has expanded its network in Texas by acquiring Rockwall Hyundai. The acquisition brings an estimated $75 million in annualized revenue and further strengthens the company's presence in the Dallas-Fort Worth market.

According to Bryan DeBoer, President and CEO of Lithia & Driveway, "Adding Rockwall Hyundai to our network enhances our coverage in the growing Dallas-Fort Worth area and increases network density for our customers. This move is part of our strategic approach to expansion, ensuring we continue to grow strong teams and high-quality franchises."

Lithia & Driveway’s Texas network now serves drivers across major cities like Dallas-Fort Worth, Houston, Austin, Corpus Christi, and San Antonio. The acquisition brings the company's total year-to-date expected annualized revenue from acquisitions to $915 million. This financial impact underscores the company’s ongoing growth and strategic focus.

In related news, Lithia & Driveway has also been active in its share repurchase program. During the quarter, the company invested $40 million to repurchase approximately 108,000 shares at an average price of $375. This represents 0.46% of the outstanding shares. To date, the company has spent $541 million to repurchase 1.9 million shares, which accounts for 8.1% of outstanding shares. With $580 million remaining under the existing share repurchase authorization, the company continues to demonstrate its commitment to shareholder value.

Lithia & Driveway, founded in 1946, has a long history of innovation and expansion in the automotive industry. The company's mission is to provide simple, transparent, and convenient experiences throughout the ownership lifecycle. By integrating new franchises like Rockwall Hyundai and maintaining a robust share repurchase program, Lithia & Driveway is poised to continue its growth trajectory.