Group 1 Automotive announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire. This acquisition is expected to generate approximately $125M in annual revenues. Group 1 has now acquired an estimated $3.9B of annual revenues in 2024, which follows $1.1B of acquired revenues in 2023.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPI:
- Morgan Stanley says sell GM in auto ratings shakeup on China ‘butterfly effect’
- Morgan Stanley less bearish on auto dealers, upgrades Group 1 Automotive
- Group 1 Automotive upgraded to Overweight from Equal Weight at Morgan Stanley
- Group 1 Automotive initiated with an Equal Weight at Stephens
- Group 1 Automotive price target raised to $420 from $360 at JPMorgan