Lithia Motors, Inc. LAD recently bolstered its footprint in Texas with the purchase of Meador Chrysler, Dodge, Jeep, Ram (“CDJR”), the second largest CDJR dealership in the Dallas/Fort Worth area.Meador CDJR is a reputed player delivering exceptional service. It is located in Fort Worth and serves the greater Dallas-Fort Worth area. Lithia expects the dealership to generate more than $200 million in annualized revenues, bringing LAD's total expected annualized revenue acquired in 2022 to more than $3.3 billion. The acquisition is part of LAD's nationwide network expansion initiative under the company's 2025 plan, where it has set a target to reach $50 billion in revenues and earnings per share (EPS) in the range of $55-$65.Lithia’s strategic buyouts are helping the auto retailer increase its market share and boost its portfolio. The spree of acquisitions brought Lithia's total expected annualized revenue acquired to $7 billion in 2021, keeping it ahead of schedule laid out in the five-year plan rolled out in July 2020. Its total expected annualized revenue acquired in 2022 has reached $3.1 billion. In the third quarter of 2022, Lithia acquired a portfolio in Wisconsin from the Wilde Group, which is projected to generate $625 million in annualized revenues.In third-quarter of 2022, Lithia reported adjusted earnings of $4.61 per share, increasing 3% year over year. Higher-than-expected gross profit in the Retail Automotive and Retail Commercial Truck segments resulted in this outperformance. The auto retailer registered net sales of $6,920.7 million that rose 7% from the year-ago quarter’s levels.Shares of LAD have lost 16.8% over a year against the industry’s 0.9% rise.Image Source: Zacks Investment ResearchZacks Rank & Key PicksLAD currently carries a Zacks Rank #4 (Sell).Here are some better-ranked players in the auto space – CarParts.com PRTS, sporting a Zacks Rank #1 (Strong Buy), and Allison Transmission Holdings ALSN and Genuine Parts Company GPC, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.CarParts has an expected earnings growth rate of 85% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 72.7% upward over the past 30 days.Allison has an expected earnings growth rate of 26.1% for the current year. The Zacks Consensus Estimate for ALSN’s current-year earnings has been revised 0.6% upward in the past 30 days.Genuine Parts has an expected earnings growth rate of 18.1% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 0.2% downward in the past 30 days. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Genuine Parts Company (GPC): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report CarParts.com, Inc. (PRTS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research