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Stock impact report

Group 1 Automotive Acquires RRR Automotive Group

Group 1 Automotive, Inc. (GPI) 
Last group 1 automotive, inc. earnings: 2/5 07:07 am Check Earnings Report
US:NYSE Investor Relations: group1corp.com
Company Research Source: PR Newswire
-          Expected Annual Revenues of $500 Million -          Increases 2024 Annual Dividend Rate by 4%HOUSTON, Feb. 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 198 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. portfolio in the greater Baltimore/Washington DC market, the sixth largest metropolitan area in the United States.  The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers.  The group includes the two highest volume Honda dealerships in the state of Maryland.  The dealerships are expected to generate over $500 million in annual revenues.Additionally, Group 1 announced that its board of directors has approved an increase in the 2024 annual dividend rate to $1.88 per share.  This represents an increase of 4%, or $0.08, from the 2023 annual dividend r Show less Read more
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