Lithia & Driveway purchases Meador CDJR dealer in Texas

Lithia & Driveway have expanded their footprint in Texas with the purchase of Meador Chrysler, Dodge, Jeep, Ram – CDJR -, the second largest CDJR store in the Dallas/Fort Worth area. Meador CDJR is located in Fort Worth and serves the greater Dallas-Fort Worth area. The store is projected to generate more than $200M in annualized revenue, bringing LAD‘s total expected annualized revenue acquired in 2022 to over $3.3B. This acquisition continues the expansion of LAD’s nation-wide network as part of the company’s 2025 Plan to reach $50B in revenue and $55-$60 in EPS.