Group 1 Automotive Board Approves New Share Repurchase Authorization & Declares Quarterly Dividend
Group 1 Automotive, Inc. (GPI)
Last group 1 automotive, inc. earnings: 2/5 07:07 am
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US:NYSE Investor Relations:
group1corp.com
Company Research
Source: PR Newswire
HOUSTON, Nov. 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors approved a new share repurchase authorization of $500 million, and also declared a quarterly dividend. Share Repurchase Authorization IncreaseThe Company announced that its board of directors increased the Company's common share repurchase authorization by $333 million to $500 million. Year-to-date 2024, the Company repurchased 461,365 shares at an average price per common share of $298.49, for a total of $138 million. Purchases may be made from time to time, based on market conditions, legal requirements, and other corporate considerations, in the open market or in privately negotiated transactions. The Company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.Quarterly DividendGro
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GPI
News
- Group 1 Automotive, Inc. (NYSE: GPI) had its price target raised by analysts at Guggenheim from $420.00 to $442.00. They now have a "buy" rating on the stock.MarketBeat
- Group 1 Automotive, Inc. (NYSE: GPI) had its price target raised by analysts at JPMorgan Chase & Co. from $420.00 to $425.00. They now have an "overweight" rating on the stock.MarketBeat
- Group 1 Automotive, Inc. (NYSE: GPI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Group 1 Automotive Reports Third Quarter 2024 Financial ResultsPR Newswire
- Analysts Estimate Group 1 Automotive (GPI) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
GPI
Earnings
- 10/30/24 - Miss
GPI
Sec Filings
- 11/13/24 - Form 8-K
- 11/8/24 - Form SC
- 11/7/24 - Form 4
- GPI's page on the SEC website