Auto Dealerships M&A » By The Online Investor Staff, updated Fri., Apr. 19, 12:39 AM
Recent mergers and acquisitions in the Auto Dealerships M&A category.
Slide #17. Group 1 Automotive, Inc. — Honda Dealership in Tulsa
Acquirer: |
Group 1 Automotive, Inc. (NYSE:GPI) |
Acquiree: |
Honda Dealership in Tulsa |
Details: |
Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the acquisition of Joe Marina Honda in Tulsa, Oklahoma, which will operate as South Pointe Honda. The dealership is expected to generate $60 million in estimated annual revenues. |
Group 1 Automotive is an operator in the automotive retail industry. Through its omni-channel platform, Co. 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. Co. sells retail used vehicles directly to its customers at its dealerships or via AcceleRide® and wholesale used vehicles at third party auctions. Co. sells replacement parts and provides both warranty and non-warranty maintenance and repair services at each of its franchised dealerships, as well as provides collision repair services at its collision centers that it operates.
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Company Name: |
Group 1 Automotive, Inc. |
Stock buyback: |
GPI buyback |
Website: |
www.group1auto.com |
Sector: |
Auto Dealerships |
Number of ETFs Holding GPI: |
56 |
Total Market Value Held by ETFs: |
$865.63M |
Total Market Capitalization: |
$3.79B |
% of Market Cap. Held by ETFs: |
22.85% |
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April 19, 2024 12:39 AM Eastern
Strong Buy (3.60 out of 4)
100th percentile
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