Market Overview

Group 1 Auto Buys Rivertown Ford in Georgia

Share:
Related GPI
Earnings Scheduled For February 5, 2015
Top 4 Small-Cap Stocks In The Auto Dealerships Industry With The Lowest PEG Ratio
How Group 1 Automotive (GPI) Stock Stands Out in a Strong Industry - Tale of the Tape (Zacks)

 Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 500 automotive retailer, today announced the acquisition of Rivertown Ford in Columbus, Ga. The dealership is expected to generate $70 million in estimated annual revenues.

Group 1 also announced that it disposed of a Nissan dealership in the Boston market area and an Audi dealership in the United Kingdom that generated $42.4 million in total trailing-12-month revenues.

Posted-In: News M&A

 

Related Articles (GPI)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→