Group 1 Automotive Board Approves Increase to 2025 Dividend Rate and Declares Quarterly Dividend

Rhea-AI Summary

Group 1 Automotive (NYSE: GPI), a Fortune 250 automotive retailer, has announced a 6% increase in its annual dividend rate for 2025 to $2.00 per share, up from $1.88 in 2024. The company will pay a quarterly dividend of $0.50 per share on March 17, 2025, to stockholders of record as of March 3, 2025.

Group 1 operates 258 automotive dealerships, 330 franchises, and 39 collision centers across the United States and United Kingdom. The company offers 35 automobile brands and provides services including new and used vehicle sales, vehicle financing, service contracts, maintenance, repairs, and parts sales through its dealerships and omni-channel platform.

Positive

• 6% increase in annual dividend rate to $2.00 per share
• Large operational scale with 258 dealerships and 330 franchises
• Diversified revenue streams across sales, financing, and services

Negative

• None.

HOUSTON, Feb. 12, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 258 dealerships located in the U.S. and U.K., today announced its board of directors has approved an increase in the 2025 annual dividend rate to $2.00 per share.  This represents an increase of 6%, or $0.12, from the 2024 annual dividend rate of $1.88 per share.  Consistent with this increase, a $0.50 dividend per share will be payable on March 17, 2025, to stockholders of record as of March 3, 2025.

ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 258 automotive dealerships, 330 franchises, and 39 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles.  Through its dealerships and omni-channel platform, the Company 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.

Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.

FORWARD-LOOKING STATEMENTS
All statements in this press release related to future, not past, events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on our current expectations and assumptions regarding our business, the economy and other future conditions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Investor contacts:
Terry Bratton
Manager, Investor Relations
Group 1 Automotive, Inc.
ir@group1auto.com 

Media contacts:
Pete DeLongchamps
Senior Vice President, Financial Services and Manufacturer Relations
Group 1 Automotive, Inc.
pdelongchamps@group1auto.com

Kimberly Barta
Head of Marketing and Communications
Group 1 Automotive, Inc.
kbarta@group1auto.com 

or

Clint Woods
Pierpont Communications, Inc.
713-627-2223
cwoods@piercom.com 

View original content:https://www.prnewswire.com/news-releases/group-1-automotive-board-approves-increase-to-2025-dividend-rate-and-declares-quarterly-dividend-302375003.html

SOURCE Group 1 Automotive, Inc.

FAQ

What is Group 1 Automotive's new dividend rate for 2025?

Group 1 Automotive's new annual dividend rate for 2025 is $2.00 per share, representing a 6% increase from the 2024 rate of $1.88 per share.

When will GPI pay its next quarterly dividend?

GPI will pay its next quarterly dividend of $0.50 per share on March 17, 2025, to stockholders of record as of March 3, 2025.

How many dealerships does Group 1 Automotive (GPI) operate?

Group 1 Automotive operates 258 automotive dealerships, along with 330 franchises and 39 collision centers across the United States and United Kingdom.

How much did GPI increase its dividend compared to 2024?

GPI increased its dividend by $0.12 per share, or 6%, from $1.88 per share in 2024 to $2.00 per share in 2025.

What services does Group 1 Automotive (GPI) offer?

GPI offers new and used car sales, vehicle financing, service contracts, automotive maintenance and repair services, and vehicle parts sales through its dealerships and omni-channel platform.