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Stock Market & Financial Investment News

News Breaks
May 19, 2014
07:18 EDTGPIGroup 1 Automotive acquires Kia dealership in Texas
Group 1 Automotive announced the acquisition of South Point Kia in Austin, Texas. The dealership, which will operate as Kia of South Austin, is expected to generate $55M in estimated annual revenues. Thus far in 2014, Group 1 has acquired 6 franchises with estimated annual revenues of $295M and disposed of one franchise with trailing-twelve-month revenues of $20M.
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September 15, 2014
07:09 EDTGPIGroup 1 Automotive disposes of two dealerships in Long Island, New York
Group 1 Automotive announced the disposition of Hassel BMW MINI and Mercedes-Benz of Massapequa located on Long Island in New York. The company, in addition to the dealerships, also disposed of owned real estate associated with both dealerships. In total, the dealerships generated approximately $260M in trailing-twelve-month revenues. The disposals are consistent with Group 1's strategy of portfolio management and disciplined capital expenditure management.

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