NYSE:LADSpecialty Retail
Lithia Motors (LAD) Is Up 7.7% After Expanding Its Share Buyback Authorization By US$500 Million
Earlier this week, Lithia & Driveway (NYSE: LAD) said it had bought back 1,450,000 shares since January 1, 2026 for US$396 million, bringing total repurchases under its long-running program to 12,746,867 shares for US$2.93 billion, or just under half of its shares, and simultaneously lifted its overall authorization to US$3.60 billion.
The additional US$500 million authorization, leaving US$726 million still available, highlights management’s willingness to keep deploying substantial capital...