Welcome to our dedicated page for Group 1 Automotive news (Ticker: $GPI), a resource for investors and traders seeking the latest updates and insights on Group 1 Automotive stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Group 1 Automotive's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Group 1 Automotive's position in the market.
Group 1 Automotive, Inc. (NYSE: GPI) announced a new share repurchase authorization of $250 million and declared a quarterly dividend. The board increased the repurchase authorization by $161 million to $250 million, repurchasing 205,551 shares year-to-date at an average price of $264.74. The dividend of $0.47 per share will be payable on June 17, 2024. Group 1 owns 203 dealerships in the U.S. and U.K., offering various automotive services and products.
Group 1 Automotive, Inc. (NYSE: GPI) has increased its revolving syndicated credit facility to $2.5 billion, with the possibility of expanding to $3.0 billion, strengthening its balance sheet. The syndication involves 20 financial institutions, including manufacturer-affiliated finance companies and commercial banks, aiming to secure reasonably priced capital for vehicle financing and acquisition growth.