Group 1 automotive board approves increase to share repurchase authorization & declares quarterly dividend

Houston , aug. 2, 2023  /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 $153.7 million to $250.0 million, and also declared a quarterly dividend.    group 1's president and chief executive officer daryl kenningham stated, "once again our strong cash flow and balance sheet enable the company to deploy capital and reward stockholders.
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