Group 1 Automotive, Inc. Buyback
OLI recorded this information on 8/2/2023
Company:
Group 1 Automotive, Inc.
Buyback:
GPI buyback
$Amount Authorized:
$250,000,000
Buyback Details:
Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced its board of directors increased the Company's common stock repurchase authorization by $153.7 million to $250.0 million, and also declared a quarterly dividend.
Group 1 Automotive is an operator in the automotive retail industry. Through its omni-channel platform, 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 AcceleRide® and wholesale used vehicles at third party auctions. Co. sells replacement parts and provides both warranty and non-warranty maintenance and repair services at each of its franchised dealerships, as well as provides collision repair services at its collision centers that it operates.
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Strong Buy (3.60 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: GPI Stock Forecast Based on Zacks ABR data; powered by Xignite |