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.

Walt DeBoer founded the company in 1946 as Lithia Springs Motors in Ashland, Oregon, named for the local lithium-rich mineral springs. For decades it was a single small-town dealership group. Grandson Bryan DeBoer took over in the 1990s, led the 1996 NYSE listing under ticker LAD, and began a consolidation strategy of acquiring dealerships in underserved mid-sized markets.

The acquisition model made Lithia the fastest-growing dealer group in the country through the 2000s and 2010s, expanding across the western United States and then nationally. By 2020 it had become one of the largest US dealer groups by revenue.

In 2020 the company launched Driveway, an online platform for buying, selling, and servicing vehicles, positioning it as a digital complement to physical stores. In 2022 it launched Driveway Finance Corporation to originate retail auto loans, creating a captive finance arm. The company began branding itself as Lithia & Driveway to reflect the integrated physical and digital model.

In 2024 the company acquired Pendragon, a major UK dealership group, for approximately $397 million, transforming the business from a US-centric retailer into the world's largest automotive retailer by store count. The deal added roughly 160 UK locations and established a significant European presence.

FY2025 was the company's first full year operating the combined global platform. Revenue hit a record $37.63 billion even as new vehicle margins compressed industry-wide, with used vehicles and aftersales driving the growth.

As an automotive retailer, the company's sustainability focus includes facility energy efficiency, waste management in service operations, and support for the EV transition through GreenCars education and EV service capability across its network.

Lithia & Driveway does not hold B Corp certification. Its ESG reporting covers conventional dealership sector topics including workforce development, community investment through its foundation, and emissions reduction in facilities and logistics.

• Fortune 500: Lithia & Driveway ranks on the Fortune 500 as one of the largest automotive retailers.
• Automotive News rankings: The company consistently ranks at or near the top of Automotive News' largest dealership group rankings by revenue and stores.
• Oregon business recognition: The company has been recognized as one of Oregon's largest public companies and employers.

FTC dealer practices scrutiny: The automotive retail industry has faced Federal Trade Commission scrutiny over dealer fees, advertising, and junk fee practices under the CARS Rule. Lithia, like other large dealers, operates under these regulations, though the rule faced legal challenge from industry groups.

Dealer franchise and data disputes: The company has been involved in periodic disputes over dealer franchise rights, manufacturer relations, and customer data handling, matters common to the auto retail sector.

Labor and sales practices: As with all large dealer groups, Lithia faces standard industry scrutiny over sales commission structures, F&I product disclosures, and service pricing transparency.