Tag: Group 1 Automotive
Group 1 Automotive’s U.K. acquisition projected to generate $2.7 billion
Group 1 Automotive, a Fortune 250 automotive retailer, has significantly expanded its U.K. footprint by acquiring Inchcape Retail's (IR) automotive operations, which include 54...
CDK Global outage set to hit AutoNation and Sonic Automotive hardest...
According to analysts, AutoNation and Sonic Automotive are expected to be the most affected by the recent CDK Global outage in their second-quarter earnings....
Group 1 expands with Modern Classic Motors acquisition in South Carolina
On March 11, Group 1 Automotive, one of the nation's leading auto retailers, announced the acquisition of Modern Classic Motors in Hilton Head, South...
Dealership M&A roundup: Ken Ganley expands in Cleveland, Group 1 sells...
Ken Ganley Automotive Group has expanded its portfolio in Cleveland, Ohio, after buying Bob Gillingham Ford, now known as Ken Ganley Ford Parma, and...
Group 1 acquires 2 high-volume Lexus stores in California
Group 1 Automotive, one of the nation's largest and top-selling automotive retailers, announced the acquisition of Newport Lexus and Tustin Lexus from Wilson Automotive. The...
Group 1 Automotive supercharges Mid-Atlantic footprint with latest acquisition
Group 1 Automotive, one of the nation's largest auto retailing groups, announced today that it is expanding its U.S. portfolio in the greater Baltimore/Washington...
Group 1 Automotive installs 10,000 solar panels on dealership rooftops
One of the largest car dealership groups in the United States, Group 1 Automotive, has taken a significant step towards sustainability by completing the...
Group 1 offloads 4 dealerships, Lithia Motors sells last remaining North...
M&A activity has remained strong over the past few weeks, with Group 1 Automotive and other dealer groups making notable buy/sell deals throughout the...
Group 1 brings three new dealerships on board, expands Texas presence
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts.
In...
Group 1 Automotive beats Q1 revenue forecast, but sees net income...
Group 1 Automotive reported a revenue of $4.13 billion for the first quarter, beating forecasts and setting a new record for the period.
A Zacks...