Auto Dealerships M&A » By The Online Investor Staff, updated Wed., Jun. 29, 9:42 AM
Recent mergers and acquisitions in the Auto Dealerships M&A category.
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Slide #6. Group 1 Automotive, Inc. — Heller Ford and Heller Hyundai in Southern California
Acquirer:
Group 1 Automotive, Inc. (NYSE:GPI)
Acquiree:
Heller Ford and Heller Hyundai in Southern California
Details:
Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the acquisition of Heller Ford and Heller Hyundai in Southern California. The dealerships, which will operate as Ford of Escondido and Hyundai of Escondido, are expected to generate $135 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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Avg. Broker Rec.
 
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Buy (3.12 out of 4) 24th percentile
(ranked lower than approx. 76% of all stocks covered)
Analysts' Target Price: GPI Stock Forecast Based on Zacks ABR data; powered by Xignite |
