Group 1 Automotive Expands with Acquisition of Three Luxury Brand Dealerships in Florida and Texas

Core Viewpoint - Group 1 Automotive, Inc. has expanded its luxury brand portfolio by acquiring three additional dealerships, which are expected to enhance its market presence and generate significant annual revenues [1][2][4]. Group 1 Automotive Expansion - The company has added a Lexus and an Acura dealership in Fort Myers, Florida, and a Mercedes-Benz dealership in South Austin, Texas, increasing its dealership count in these key markets [1][2]. - The new dealerships are projected to generate approximately $330 million in annual revenues [2][8]. Financial Performance and Share Repurchase - As of May 19, 2025, Group 1 has repurchased 401,649 shares at an average price of$416.62, totaling $167.3 million [3]. - The company has acquired an estimated$430 million in annual revenues in 2025, following $3.9 billion in acquired revenues in 2024 [4]. Company Overview - Group 1 operates 263 automotive dealerships, 335 franchises, and 39 collision centers across the U.S. and the U.K., offering a wide range of automotive services and products [5].