Lithia Motors & Driveway continues to add to its store count, announcing the purchase of Southwest Kia Auto Group on Tuesday.

The Texas group has five stores throughout the Dallas and Austin markets. Lithia expects the addition will bring in annualized revenues of $350 million.

Since announcing a five-year plan in 2020, Lithia is now at $7.5 billion in total expected annualized revenues acquired.

“We have successfully and rapidly integrated the over $7.0 billion in acquisition completed and welcome the Southwest Kia team the Lithia and Driveway family,” Lithia president and chief executive officer Bryan DeBoer said in a news release. “These locations expand our in-store and online offerings in the region with a brand that provides a diverse selection of products for all customer desires and affordability levels.”

In addition to announcing the Southwest Kia purchase, Lithia said it hit record May revenues of $2.1 billion. That marks a 104% year-over-year increase and an 89% increase from pre-pandemic revenues in 2019.

Total same-store sales for May were up 42% year-over-year and 26% from 2019.

“Our technology and team's ability to procure both new and used inventory, combined with continued strength in margins, drove strong performance,” DeBoer said in the release.

“With May same store growth of 20% in new vehicles and over 40% in used vehicles compared to pre-pandemic 2019 levels and service body and parts returning to 2019 levels, we are excited to be finishing up the first year of our five-year plan to achieve $50 in EPS and $50 billion in revenue considerably ahead of plan.”