Group 1 Automotive increases common stock share repurchase authorisation.
Auto Business News-February 19, 2020--Group 1 Automotive increases common stock share repurchase authorisation
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Auto Business News - 19 February 2020
Group 1 Automotive Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, has announced that its board of directors have increased the company's common stock share repurchase authorisation.
The company's common stock share repurchase authorisation is increased by USD52.4m to USD100m.
During February 2020, the company repurchased 119,575 shares at an average price per common share of USD94.42, for a total of USD11.3m. In total during the first quarter 2020, the...
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