Group 1 Automotive, Inc. Buyback
OLI recorded this information on 8/16/2022
Group 1 Automotive, Inc.
Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today announced its board of directors increased the Company's common stock repurchase authorization by $130 million to $250 million, and also declared an increase to the quarterly cash dividend.
Group 1 Automotive is an operator in the automotive retail industry. Through its dealerships, Co. sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. Co. sells retail used vehicles directly to its customers at its dealerships or via its internet sites and wholesale used vehicles at third party auctions. Co. sells replacement parts and provides both warranty and non-warranty maintenance and repair services, as well as provides collision repair services at the collision centers that Co. operates. Co. also sell parts to wholesale customers.
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Buy (3.12 out of 4)