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Slide #11. Group 1 Automotive — Jay Automotive Group, Inc.
Group 1 Automotive (NYSE:GPI)
Jay Automotive Group, Inc.
Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the acquisition of Jay Automotive Group, Inc., in Columbus, Georgia, which include the following franchises: Jay Toyota Scion; Jay Buick GMC; Jay Subaru of Columbus; Jay Mazda; and Volvo of Columbus. The dealerships, which will operate as Rivertown Toyota; Rivertown Scion; Rivertown Buick GMC; Rivertown Subaru; Rivertown Mazda; and Volvo of Columbus, are expected to generate $150 million in estimated annual revenues.
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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Strong Buy (3.67 out of 4)