Item 8.01. Other Events

On November 30, 2021, Lithia Motors, Inc. (the "Company") announced that its board of directors (the "Board") authorized the repurchase by the Company, from time to time, of up to $750 million of the Company's common stock under its share repurchase program. This new authorization is in addition to the amount previously authorized by the Board for repurchase.

The timing and amount of any share repurchases under the Company's share repurchase authorization will be determined by management based on market conditions and other considerations, and such repurchases may be executed in the open market, through derivative, accelerated repurchase and other negotiated transactions and through plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits



(d) Exhibits
   Exhibit No.                                      Description
       104        Cover Page Interactive Data File (embedded within the Inline XBRL document).

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