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Group 1 Automotive Board Approves Increase to 2025 Dividend Rate and Declares Quarterly Dividend

1. Group 1 Automotive increased its 2025 dividend to $2.00 per share. 2. The increase represents a 6% rise from the 2024 dividend rate. 3. A $0.50 dividend will be paid on March 17, 2025. 4. Group 1 operates 258 dealerships, offering various automotive services. 5. Future performance is uncertain due to economic conditions and risks.

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FAQ

Why Bullish?

The dividend increase signals positive financial health and can boost investor confidence, similar to previous trends seen in dividend-increasing companies like Ford and General Motors.

How important is it?

A dividend increase often indicates sustainable profitability, which is critical for stockholders, making the announcement significant for GPI's stock price.

Why Short Term?

The immediate payment of dividend will attract investors in the short term, potentially elevating stock value like past behaviors observed post-dividend announcements.

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GPIFGM
, /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 258 dealerships located in the U.S. and U.K., today announced its board of directors has approved an increase in the 2025 annual dividend rate to $2.00 per share.  This represents an increase of 6%, or $0.12, from the 2024 annual dividend rate of $1.88 per share.  Consistent with this increase, a $0.50 dividend per share will be payable on March 17, 2025, to stockholders of record as of March 3, 2025. ABOUT GROUP 1 AUTOMOTIVE, INC.Group 1 owns and operates 258 automotive dealerships, 330 franchises, and 39 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles.  Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts. Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto. FORWARD-LOOKING STATEMENTSAll statements in this press release related to future, not past, events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on our current expectations and assumptions regarding our business, the economy and other future conditions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise. Investor contacts:Terry BrattonManager, Investor RelationsGroup 1 Automotive, Inc.[email protected]  Media contacts:Pete DeLongchampsSenior Vice President, Financial Services and Manufacturer RelationsGroup 1 Automotive, Inc.[email protected] Kimberly BartaHead of Marketing and CommunicationsGroup 1 Automotive, Inc.[email protected]  or Clint WoodsPierpont Communications, Inc.713-627-2223[email protected]  SOURCE Group 1 Automotive, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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