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Lithia Motors Acquisition Pushes Deeper Into Texas—Here’s Why It Matters!

Lithia Motors has continued expanding its dealership network while simultaneously emphasizing disciplined capital allocation, cost control, and higher-return ecosystem economics. On September 8, 2026, Lithia & Driveway said it acquired Rockwall Hyundai in Rockwall, Texas, adding approximately $75 million of expected annualized revenue and lifting year-to-date expected annualized acquisition revenue to $915 million. The purchase was financed with existing on-balance-sheet capacity, consistent with management’s stated approach of deploying capital toward acquisitions that meet return thresholds while retaining flexibility for repurchases and internal investment. The deal also arrives after a strong second quarter in which Lithia reported $9.8 billion of revenue, $10.03 of adjusted diluted EPS, record Driveway Finance originations, improving used-vehicle profitability, and better SG&A efficiency. Rockwall Hyundai therefore represents more than incremental dealership revenue: it expands Lithia’s Texas network while creating additional opportunities to feed financing, aftersales, used inventory, digital retailing, and customer-retention channels across the company’s ecosystem.