Group 1 Automotive (GPI) announced its board of directors approved a new share repurchase authorization of $500M, and also declared a quarterly dividend. The company said that its board of directors increased the company’s common share repurchase authorization by $457M to $500M. Year-to-date 2025, the company repurchased 1,038,797 shares representing approximately 8% of the company’s outstanding common shares at January 1, 2025, at an average price per common share of $417.38, for a total of $434M. Purchases may be made from time to time, based on market conditions, legal requirements, and other corporate considerations, in the open market or in privately negotiated transactions. The company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.
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