08:02 AM EDT, 06/04/2024 (MT Newswires) -- Lithia and Driveway (LAD) said Tuesday that its board of directors increased its share repurchase authorization by $350 million to approximately $660 million.

"Increasing our share repurchase authorization reflects confidence in our long-term growth and profitability," President and Chief Executive Bryan DeBoer said in a statement.

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