Auto Dealerships M&A » By The Online Investor Staff, updated Tue., May. 14, 1:08 PM
Recent mergers and acquisitions in the Auto Dealerships M&A category.
Slide #6. Group 1 Automotive, Inc. — Heller Ford and Heller Hyundai in Southern California
Acquirer: |
Group 1 Automotive, Inc. (NYSE:GPI) |
Acquiree: |
Heller Ford and Heller Hyundai in Southern California |
Details: |
Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today announced the acquisition of Heller Ford and Heller Hyundai in Southern California. The dealerships, which will operate as Ford of Escondido and Hyundai of Escondido, are expected to generate $135 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.
GPI SEC Filing Email Alerts Service
Open the GPI Page at The Online Investor »
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: |
$1.03B |
Total Market Capitalization: |
$4.24B |
% of Market Cap. Held by ETFs: |
24.41% |
|
Open the GPI Page at The Online Investor (in a new window) »
|
May 14, 2024 1:08 PM Eastern
Strong Buy (3.67 out of 4)
66th percentile
|
|