Lithia & Driveway announced they have expanded into Colorado, purchasing Ferrari of Denver, the company’s first Ferrari store. Ferrari of Denver will specialize in personalized, in-home customer experiences covering the full ownership lifecycle. The only Ferrari location in the greater Rocky Mountains region, this store boasts three Ferrari-certified technicians and a Bentley master-certified technician. In addition to Ferrari, this store also sells Bentley and other luxury brands. Located in Highlands Ranch, CO, this acquisition is projected to generate $75M in annualized revenue bringing LAD‘s total expected annualized revenue acquired in 2022 to over $3.3B. Acquisitions are a key part of the company’s 2025 Plan to reach $50B in revenue and $55 to $60 in earnings per share.
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