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home / news releases / GPI - Group 1 Automotive acquires Chevrolet dealership in Florida

GPI - Group 1 Automotive acquires Chevrolet dealership in Florida

Group 1 Automotive Inc.

2023-03-28 07:09:07 ET

  • Group 1 Automotive ( NYSE: GPI ) acquired Estero Bay Chevrolet in Estero, Florida for expansion of its U.S. operations.
  • The dealership is expected to generate $150M in annual revenues.
  • In its update to repurchase activity, the company announced that through Mar.28, 2023, 180,982 shares at an average price of $191.85, for a total of $34.7M have been repurchased.
  • "Our strong cash flow and robust balance sheet continues to enable aggressive capital deployment through acquisition while also returning capital to our shareholders," President and CEO Daryl Kenningham commented.

For further details see:

Group 1 Automotive acquires Chevrolet dealership in Florida
Stock Information
Company Name: Group 1 Automotive Inc.
Stock Symbol: GPI
Market: NYSE
Website: group1auto.com
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