Group 1 automotive board approves share repurchase authorization & announces quarterly cash dividend

Houston , may 18, 2022 /prnewswire/ -- group 1 automotive, inc. (nyse: gpi) ("group 1" or the "company"), an international, fortune 300 automotive retailer with 202 dealerships located in the u.s. and u.k., today announced its board of directors increased the company's common stock repurchase authorization by $175 million to $250 million, and also declared an increase to the quarterly cash dividend.  "we continue to demonstrate strong cash flow and a healthy balance sheet, which has enabled significant capital deployment in 2022.
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