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Group 1 Automotive, Inc. Detail
 
 
 
 
 
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Group 1 Automotive, Inc.

Stock Symbol: GPI

950 Echo Lane Suite 100
http://www.group1auto.com

Group 1 Automotive, Inc. Industry:
Reuters Industry

Group 1 Automotive, Inc. Description:
Group 1 Automotive, Inc. is an operator and consolidator automotive retailing industry. Through a series of acquisitions, the Company operates 114 dealership franchises in California, Colorado, Florida, Georgia, Louisiana, Massachusetts, New Mexico, Oklahoma and Texas. Through its dealerships and Internet sites, Group 1 sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services, and sells replacement parts.

Group 1 Automotive, Inc. Financial Summary:
GPI is an operator and consolidator in the automotive retailing industry. The Company operates 122 automotive dealership franchises located in 10 states (CA, CO, FL, NJ, GA, LA, MA, NM, OK and TX). For the 6 months ended 6/30/05, revenues increased 21% to $2.97B. Net income before acct. change rose 24% to $32.5M. Results reflect increased unit sales of new vehicles due to dealership acquisitions and an increase in operating margin.

Group 1 Automotive, Inc. Business Summary:
Group 1 Automotive, Inc. (Group 1 Automotive) is an automotive retailer, which owns and operates 142 dealership franchises and 32 collision centers primarily located in metropolitan markets in California, Colorado, Florida, Georgia, Louisiana, Massachusetts, New Jersey, New Mexico, New York, Oklahoma and Texas. Through its dealerships and Internet sites, the Company sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services, and sells replacement parts. The franchises are organized into 15 platforms that are managed by local platform management teams and, at the dealership level, by general managers who report to the platform management. In 2004, Group 1 Automotive acquired 23 franchises, which included new platforms in California, New Jersey and New York and seven tuck-in acquisitions added to the Company's existing platforms in California, Massachusetts and Texas.

 
 
 
 
 
 
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