Group 1 Automotive Acquires Two High Volume Lexus Dealerships in Southern California
Group 1 Automotive, Inc. (GPI)
Last group 1 automotive, inc. earnings: 2/5 07:07 am
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Source: PR Newswire
Expected Annual Revenues of $350 MillionThe Company Also Provides a Share Repurchase UpdateHOUSTON, Feb. 26, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 200 dealerships located in the U.S. and U.K., today announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, California. The dealerships are expected to generate $350 million in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $850 million, which follows $1.1 billion of acquired revenues in 2023.The Company also updated its year-to-date share repurchase activity of 174,964 shares of common stock at an average price of $264.88 for a total of $46.3 million. As of February 26, 2024, the Company had $97.0 million available under its current share repurchase authorization. Group 1's President and CEO Daryl Kenningham stated, "We are thrilled to exp
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- Group 1 (GPI) Q1 Earnings Miss Expectations, Decline Y/Y [Yahoo! Finance]Yahoo! Finance
- Group 1 Automotive, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- 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
GPI
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- 4/24/24 - Miss
GPI
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