Lithia Motors completed its third dealership acquisition in less than a month by securing Audi Auto Gallery in Woodland Hills, Calif.

The dealer group indicated on Thursday that the store will be relocated to Calabasas, Calif. and named Audi Calabasas, adding an additional $120 million in estimated annual revenues.

In the middle of September, Lithia expanded its East Coast operations, announcing that it acquired the nine-store Carbone Auto Group that operates in New York and Vermont.

Then before the month closed, Lithia brought on one of the largest franchised dealerships in Wyoming with the acquisition of Greiner Ford Lincoln of Casper, Wyo.

Following the announcement of this Audi store in California, Lithia president and chief executive officer Bryan DeBoer said in a news release, “We are excited to extend our recent cadence of acquisitions by welcoming our new team to the Lithia family. We look forward to providing the community of Calabasas wonderful customer service through its first exclusive Audi dealership.

“This acquisition brings our cumulative 2016 annualized acquired revenue to over $1 billion,” DeBoer continued. “We believe that considerable acquisition opportunities remain that require an equity investment at the low end of our 10 percent to 20 percent of revenue guideline.”