Lithia & Driveway has appointed Scott Cooke as Operations President. Cooke previously served as President and CEO of Toyota Financial Services, where he oversaw more than US$150.00 billion in managed assets.

In his new role, Cooke will lead Driveway Finance Corporation, Finance & Insurance, and Southeastern and South Central store operations. The appointment comes as the company focuses on captive finance expansion and regional operational performance as part of its long-term growth plans.

The leadership change follows Lithia's Q2 2026 earnings report, which recorded revenue of US$9,791.3 million and net income of US$260.0 million. During the first half of the year, profit and margins trended lower year over year.

The company's current narrative projects US$43.2 billion in revenue and US$1.1 billion in earnings by 2029. While some analysts have modeled higher revenue near US$49.0 billion for 2029, the company faces ongoing risks regarding acquisition accretion and store-level performance.