Group 1 Automotive Acquires Modern Classic Motors in Hilton Head, South Carolina
Group 1 Automotive, Inc. (GPI)
Last group 1 automotive, inc. earnings: 2/5 07:07 am
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Source: PR Newswire
Expected to Generate $140 Million in Annual Revenues2024 Year-To-Date Acquired Annual Revenues of $1.0 BillionHOUSTON, March 11, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced the acquisition of Modern Classic Motors in Hilton Head, South Carolina. The acquisition includes three franchises: Mercedes-Benz, Sprinter and Honda in Beaufort County, one of the fastest-growing counties in South Carolina. The acquisition expands Group 1's relationship with Mercedes-Benz to 17 franchises in the U.S. and U.K. and with Honda to 13 franchises in the U.S. The dealerships are expected to generate $140 million in annual revenues. Group 1's President and CEO Daryl Kenningham stated, "We are delighted to grow our relationship with Mercedes-Benz and Honda while adding scale to our successful Hilton Head operations with these highly desirable brands." Group 1
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News
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- Group 1 Automotive, Inc. (NYSE:GPI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Group 1 Automotive (GPI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Group 1 Automotive Reports First Quarter 2024 Financial ResultsPR Newswire
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Earnings
- 4/24/24 - Miss
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Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form 8-K
- GPI's page on the SEC website