Group 1 Automotive, Inc. (NYSE:GPI) Files An 8-K Other Events
Item 8.01 Other Events.
On February 21, 2019, Group 1 Automotive, Inc., a Delaware corporation (the “Company”), announced that its Board of Directors increased the Company’s common stock share repurchase authorization to $75 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.
Item 9.01 Financial Statements and Exhibits.
99.1 Press Release of Group 1 Automotive, Inc., dated as of February 21, 2019.
ExhibitIndex
GROUP 1 AUTOMOTIVE INC Exhibit
EX-99.1 2 gpi-ex991_8.htm EX-99.1 gpi-ex991_8.htm Exhibit 99.1 FOR IMMEDIATE RELEASE Group 1 Automotive Increases Share Repurchase Authorization to $75 Million HOUSTON,…
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About Group 1 Automotive, Inc. (NYSE:GPI)
Group 1 Automotive, Inc. is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. It operates through three segments: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Company owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. It sells replacement parts, and provides maintenance and repair services at each of its franchised dealerships and provides collision restoration services. The Company performs both warranty and non-warranty service works at its dealerships, for the vehicle brand(s) sold at a particular location. It offers a range of third-party finance, vehicle service and insurance products.
