From Yahoo Finance: 2025-05-20 21:23:00

Group 1 Automotive, Inc. (NYSE:GPI) is acquiring luxury brand dealerships in Florida and Texas, including Mercedes-Benz, Acura, and Lexus, expecting $330 million in annual revenue. The company now has three dealerships in Southwest Florida and eight in Austin, projecting $430 million in acquired revenue for 2025. Additionally, GPI repurchased shares worth $167.3 million this year at an average price of $416.62 per share. With a focus on expanding in fast-growing markets like Austin and Fort Myers, GPI maintains 335 franchisees and 39 collision centers, emphasizing shareholder returns and market expansion.



Read more at Yahoo Finance: Group 1 Automotive Expands by Acquiring Three Luxury Brand Dealerships in Florida and Texas