Tag: Group 1 Automotive
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...
Group 1 Automotive breaks records in Q4 of 2022
In contrast to other automotive retail statistics, Group 1 Automotive published strong performance numbers in the fourth quarter of 2022, after wrapping up one...
Group 1 Automotive CEO Earl Hesterberg to retire at the end...
Group 1 Automotive Inc. has announced CEO Earl Hesterberg will retire at the end of this year. According to a statement made on Wednesday,...
CBT automotive newscast: August 25, 2022
Inside Automotive:
Dealer Andy Wright weighs in on OEM direct-to-consumer selling models
We are hearing even more buzz surrounding the direct-to-consumer model that EV makers and...
Dealership mergers and acquisitions keep going strong in July
Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July...
Group 1 Automotive Q2 revenues increase 14.3% compared to 2021
Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1...
Group 1 Automotive buys 3 more dealerships and 1 collision center...
Group 1 Automotive, one of the nation's largest automotive retailers, acquired three dealerships and a collision center located in Shreveport, Louisiana. The dealerships, including...
Group 1 Automotive revenue soars in Q1
Group 1 Automotive, Inc. released its financial results on Wednesday, which showed the international auto retailer posted record numbers for the first quarter. Net...