Who Owns Driveway?
Driveway is the online vehicle retail platform of Lithia Motors, Inc. (NYSE: LAD), operating as Lithia & Driveway, the world's largest automotive retailer. Launched in 2020, Driveway lets customers buy, sell, and finance vehicles entirely online while integrating with the parent company's dealership network for pickup, service, and inventory. Parent FY2025 revenue was a record $37.63 billion.
Parent Company
Founded
2020
Status
Publicly Traded
Headquarters
Driveway Timeline
Who Owns Driveway?
- Parent Company: Lithia & Driveway (Lithia Motors, Inc.)
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: LAD
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Driveway | Lithia & Driveway (Lithia Motors, Inc.) | Brand division |
History of Driveway
- Founded: 2020
- Founders: Lithia Motors, Inc. (internal development)
Lithia Motors launched Driveway in 2020, coinciding with the pandemic-driven acceleration of online car buying. The timing was deliberate: as Carvana and Vroom proved consumer willingness to buy vehicles sight unseen, Lithia moved to capture that demand without abandoning its physical infrastructure.
Driveway was designed as a fully transactional platform, not a lead generator. Customers can complete the entire purchase online, including financing, trade-in valuation, and delivery or pickup arrangements. Integration with the Lithia store network means vehicles are drawn from dealership inventory, and customers can choose home delivery or pickup at a local store.
The platform also enabled selling a car to Driveway without buying one, building used vehicle acquisition volume that feeds the network's inventory. In 2022 the parent launched Driveway Finance Corporation, creating a captive lender that underwrites loans originated through the platform and through dealership sales.
By 2026 Driveway remained the digital front end of the world's largest automotive retailer, with the Driveway Finance arm becoming a meaningful contributor as its lending penetration grew to record levels in the fourth quarter of 2025.
About Lithia & Driveway (Lithia Motors, Inc.)
What does Lithia & Driveway own?
The company owns the Lithia dealership network across the US, Canada, and UK, the Driveway online retail platform, Driveway Finance Corporation captive lender, and the GreenCars EV information platform. It acquired UK dealer group Pendragon in 2024.
Is Lithia & Driveway publicly traded?
Yes. Lithia Motors, Inc., doing business as Lithia & Driveway, trades on the NYSE under ticker LAD. It has been public since 1996.
Who founded Lithia Motors?
Walt DeBoer founded the company in 1946 as Lithia Springs Motors in Ashland, Oregon. Grandson Bryan DeBoer took over in the 1990s and built it into the world's largest automotive retailer.
Where is Lithia & Driveway headquartered?
Lithia & Driveway is headquartered in Medford, Oregon, USA, the city where the company began.
Who owns Lithia & Driveway?
The company is publicly traded with broad institutional ownership. The DeBoer family retains meaningful shareholding, and founder's grandson Bryan DeBoer serves as President, CEO, and Chairman.
What is Lithia & Driveway's revenue?
The company reported record FY2025 revenue of $37.63 billion, up 4.0% from $36.19 billion in FY2024. Net income was $825.9 million and adjusted diluted EPS was $33.46.
How many brands does Lithia & Driveway own?
The company operates the Lithia physical dealership banner, the Driveway online retail platform, Driveway Finance Corporation, and the GreenCars platform, plus UK operations under Pendragon following the 2024 acquisition.
- Founded: 1946
- Headquarters: Medford, Oregon, USA
- Company Type: Publicly Traded
- Stock: NYSE: LAD
- Revenue: $37.63 billion (FY2025)
- Employees: Approximately 30,000
Where Is Driveway Made / Based?
- Headquarters: Medford, Oregon, USA (parent)
Driveway Categories & Tags
Driveway Recalls & Controversies
As an online retail platform, Driveway's issues are operational and regulatory rather than product recalls.
Dealer regulatory framework: Online vehicle sales are subject to state dealer licensing and sales tax rules that vary by jurisdiction. Driveway operates under the parent's dealer licenses, and the patchwork of state regulation creates complexity for fully remote transactions.
Online car buying industry scrutiny: The broader online used car sector faced scrutiny over vehicle condition, delivery delays, and financing terms during the 2020 to 2022 expansion. Driveway, backed by physical dealerships, avoided the inventory quality problems that affected some online-only competitors.
Financing practices: As with all dealer lending, Driveway's finance operations are subject to regulatory oversight of disclosures, rates, and credit practices, handled under the parent's compliance framework.
Brands Owned by Lithia & Driveway (Lithia Motors, Inc.)
Driveway Ownership: Pros & Cons
Advantages
- +Backed by the world's largest automotive retailer and its inventory depth
- +Online purchase capability integrated with physical dealership network
- +Captive lending through Driveway Finance captures additional margin
- +Survived the online car retail contraction that challenged pure-digital competitors
- +Used vehicle acquisition channel builds inventory for the whole network
Considerations
- -Competes with Carvana, CarMax online, and manufacturer direct channels
- -Online retail still represents a minority of total vehicle transactions
- -Dependent on the parent dealership footprint for delivery and service
- -Auto credit risk exposure through Driveway Finance Corporation
- -Building brand recognition against established online competitors requires sustained marketing
Frequently Asked Questions About Driveway
Sources & Further Reading
Competitors to Driveway
No direct competitors found in the same category. This could be because Drivewayoperates in a unique market segment or we're still building our competitor database.
Independent Alternatives to Driveway
Looking for brands with different ownership structures? These similar brands are not owned by Lithia & Driveway (Lithia Motors, Inc.), giving you alternative choices that support different corporate structures.
Retail EcommerceJoann
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American fabric and craft supplies retailer offering sewing, quilting, and DIY materials and supplies.
fabriccraftssewing
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Joann is privately owned, unlike Driveway which is under a publicly traded parent company.
Retail EcommerceAldi
Owned by ALDI SÜD
German discount supermarket chain operating in 20+ countries under two separate privately held entities, ALDI SÜD and ALDI NORD, both owned by the Albrecht family.
supermarketdiscount-retailgrocery
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Aldi is privately owned, unlike Driveway which is under a publicly traded parent company.
Retail EcommerceAmazon
Owned by Amazon.com Inc.
American e-commerce marketplace launched in 1995 by Jeff Bezos. The flagship retail brand of Amazon.com Inc. and the largest online retailer in the United States.
ecommerceonline-marketplaceretail
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Amazon operates independently without a large parent corporation.
Retail EcommerceAsda
Owned by EG Group
British supermarket chain offering groceries, clothing, and general merchandise, owned by TDR Capital and the Issa brothers since 2021.
supermarketgroceryretail
Privately Owned
Asda is privately owned, unlike Driveway which is under a publicly traded parent company.
Retail EcommerceBest Buy
Owned by Best Buy Co., Inc.
American consumer electronics retail brand owned by Best Buy Co., Inc., the largest consumer electronics retailer in the United States with over 1,000 stores across North America.
electronics-retailconsumer-electronicsretail
Publicly Traded
Best Buy operates independently without a large parent corporation.
Retail EcommerceBig Lots
Owned by Variety Wholesalers, Inc.
American discount retail chain offering furniture, home décor, seasonal items, and general merchandise.
discount-retailfurniturehome-decor
Privately Owned
Big Lots is privately owned, unlike Driveway which is under a publicly traded parent company.
Lithia & Driveway (Lithia Motors, Inc.) Stock Information
Jobs at Lithia & Driveway (Lithia Motors, Inc.)
Latest News About Driveway
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