CARY, N.C. -

Tuesday brought at least a trio of M&A moves among the public auto retailers, as the buy-sell market remains hot in retail automotive.

Starting with Asbury Automotive Group, it has completed its purchase of Stevinson Automotive, a deal that includes eight stores and adds annualized revenues of $715 million.

The eight Denver dealerships include two Lexus and two Toyota franchises, plus one Porsche, one Chevrolet, one Hyundai and one Jaguar franchise. The deal also includes a Land Rover open point.

“We are thrilled to add to our growing footprint in the dynamic and growing Denver area, especially through a well-respected and successful dealership group like Stevinson,” Asbury president and chief executive officer David Hult said in a news release.

“Many of Stevinson’s award-winning dealerships are ranked as some of the best in the country, but what makes this group special are its people and the culture they have built over its 60-year history,” he said. “Stevinson’s 600 plus team members are talented professionals who are dedicated to the guest experience and aligned with our North Star of being the most guest-centric automotive retail company.”

Hult added: “We are excited that Kent has agreed to stay on and guide Asbury through the real estate and construction projects in Colorado.”

Kent Stevinson, the group owner, added: “After meeting with David Hult and the Asbury team and getting to know them, I knew that their business approach, their philosophy toward employees and customers mirrored our own here at Stevinson. I look forward to David and his exceptional team continuing the Stevinson legacy for another 60 years.”

Next up, Lithia & Driveway said Tuesday it has acquired two Michigan and one Florida Ford store from Elder Auto Group: Elder Ford of Tampa, Elder Ford of Troy ad Elder Ford of Romeo.

This trio of stores are projected to add annualized revenues of $425 million, bringing Lithia’s total expected annualized revenue acquired this year to nearly $7 billion.

“The Elder Auto Group has an impeccable reputation for quality customer service, a passion for all things Ford and will be a seamless fit,” Lithia & Driveway president and CEO Bryan DeBoer said in a news release. “We are excited to welcome Robert Elder and these strong, high-performing teams to the Lithia & Driveway family.”

Meanwhile, Sonic said Tuesday it has closed its purchase of RJF Auto Partners, a deal first announced in September.

RFJ Auto has 33 stores in seven states and 16 brands in its portfolio. Bringing the group into the fold gives Sonic a presence in six additional states and adds five brands to its portfolio.

RFJ is likely to add annualized revenues of $3.2 billion, which would be incremental to Sonic’s 2025 target of $25 billion in total revenues.

“We are thrilled to welcome Rick Ford and the entire RFJ Auto team into the Sonic family,” Sonic and EchoPark CEO David Smith said in a release.

“Our teams share a common culture and vision, continuously striving to deliver a best-in-class guest experience and a commitment to teammate growth and development,” Smith said. “We look forward to capitalizing on our complementary strengths and values as we grow the combined business and expand our nationwide reach.”

Sonic and EchoPark president Jeff Dyke said, “We are excited to complete the acquisition of RFJ Auto and are ready to hit the ground running as one company. RFJ Auto’s geographic footprint, brand portfolio, and proprietary processes complement our existing business model and align with our strategy to continue driving growth in our franchised dealership business.”

Added RFJ CEO Rick Ford: “The RFJ Auto team has been looking forward to this day and reaching this critical milestone. I’m personally excited to be rejoining the Sonic family, working alongside David, Jeff, and the Sonic team to continue delivering an exceptional experience to consumers across the country.”