Lithia & Driveway buys Rockwall Hyundai in Texas, adds about $75 million in annualized revenue
Lithia & Driveway said it has acquired Rockwall Hyundai in Rockwall, Texas, adding an estimated $75 million in annualized revenue. The deal lifts the company’s year-to-date acquired annualized revenue to $915 million. The company also said it spent $40 million this quarter to repurchase about 108,000 shares, and has repurchased about 1.9 million shares year to date, with $580 million remaining under its authorization.