Group 1 Automotive, Inc. (NYSE: GPI) has recently expanded its luxury brand portfolio through the acquisition of three dealerships in Florida and Texas. The addition of a Lexus and an Acura dealership in Florida, as well as a Mercedes-Benz dealership in Texas, is expected to contribute $330 million in annual revenues to the company.
This expansion aligns with the company's strategy to strengthen its presence in key "cluster" markets. The new dealerships in Fort Myers, Florida, bring Group 1's footprint in the area to three dealerships, while the acquisition of Mercedes-Benz of South Austin in Texas increases the company's presence to eight dealerships in the Austin area.
In terms of share repurchase activity, Group 1 has repurchased 401,649 shares at an average price of $416.62, totaling $167.3 million, year-to-date as of May 19, 2025.
Group 1 President and CEO, Daryl Kenningham, expressed confidence in the new luxury brand additions, stating that the company's strong execution and cash flow allow for growth through acquisitions while also enabling the return of capital to shareholders through share buybacks.
It's worth noting that in 2024, Group 1 acquired $3.9 billion of revenues, and with the most recent acquisitions, the company has now acquired an estimated $430 million of annual revenues in 2025.
Group 1 Automotive, Inc. currently owns and operates 263 automotive dealerships, 335 franchises, and 39 collision centers in the United States and the United Kingdom, offering 35 brands of automobiles.
For additional information about Group 1 Automotive, Inc., its business, and its results of operations, interested parties can visit www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto. Today the company's shares have moved -0.1% to a price of $440.92. If you want to know more, read the company's complete 8-K report here.
