Lithia & Driveway has acquired Stohlman Subaru in Sterling, Virginia, enhancing its presence in the Mid-Atlantic region with an anticipated revenue increase of $80 million.

Target Information

Lithia & Driveway (NYSE: LAD) recently announced the acquisition of Stohlman Subaru located in Sterling, Virginia, which enhances its foothold in the thriving Mid-Atlantic region. This strategic move is part of Lithia's broader effort to expand its operational capacity and strengthen its market presence in one of the most dynamic automotive markets in the United States.

The addition of Stohlman Subaru is expected to bring in an annualized revenue of approximately $80 million, underscoring the financial viability and growth potential of this transaction. Lithia has utilized its existing on-balance sheet capacity to finance this acquisition, reflecting its solid financial foundation.

Industry Overview in the Mid-Atlantic Region

The automotive industry in the Mid-Atlantic region has demonstrated robust growth over the past few years, driven by a combination of consumer demand, technological advancements, and a shift towards more su