Lithia Buys Texas Hyundai Dealership, Adding About $75M In Annual Revenue
Lithia & Driveway (NYSE:LAD) today announced the acquisition of Rockwall Hyundai in Rockwall, Texas, as part of the company’s continued strategic network expansion and brings an estimated $75 million in annualized
Lithia bought a car dealership in Texas that sells about $75 million worth of cars each year. When a company keeps buying more dealerships, it means they're growing their business, which is something to watch to see if it helps them make more money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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