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

Houston , aug. 16, 2022 /prnewswire/ -- group 1 automotive, inc. (nyse: gpi) ("group 1" or the "company"), an international, fortune 300 automotive retailer with 204 dealerships located in the u.s. and u.k., today announced its board of directors increased the company's common stock repurchase authorization by $130 million to $250 million, and also declared an increase to the quarterly cash dividend.    "our strong cash flow and balance sheet continues to enable significant capital deployment in 2022.
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