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Stock impact report

Group 1 Automotive Acquires RRR Automotive Group [MarketWatch]

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: MarketWatch
The automotive retailer on Monday said the acquisition of RRR Automotive includes Toyota, Honda, Hyundai and Kia new vehicle dealerships. Advertisement The deal, expected to generate over $500 million in annual revenue, comes as Group 1 Automotive disposes of 10 franchises and a collision center in Beaumont, Texas, to shift its focus toward larger and higher performing dealerships. The company didn't disclose financial details of the agreement. Write to Sabela Ojea at sabela.ojea@wsj.com Show less Read more
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