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Highlights

  • Acquisitions include Lexus and Acura dealerships in Fort Myers, FL, and a Mercedes-Benz dealership in Austin, TX
  • Combined estimated annual revenue from new dealerships is $330 million
  • Company repurchased 401,649 shares year-to-date for $167.3 million

Automotive, Inc. (NYSE: GPI), a Fortune 250 automotive retailer operating in the United States and United Kingdom, has announced the acquisition of three luxury brand dealerships expanding its presence in Florida and Texas. The newly acquired operations include Lexus and Acura dealerships in Fort Myers, Florida, and a Mercedes-Benz dealership in South Austin, Texas.

The acquisitions support Group 1’s strategic focus on strengthening its dealership presence in targeted regional clusters. The additions bring the company’s footprint in Fort Myers to three dealerships and in the Austin area to eight locations. According to Group 1, the three new dealerships are projected to generate approximately $330 million in annual revenues.

The Fort Myers acquisitions contribute to the company’s expansion in one of Florida’s faster-growing metropolitan areas, while the Mercedes-Benz dealership in Austin enhances Group 1’s reach in a Texas city known for sustained population and economic growth. These markets are considered central to Group 1’s long-term geographic strategy.

In addition to the dealership expansion, Group 1 disclosed details of its share repurchase activity through May 19, 2025. The company repurchased 401,649 shares at an average price of $416.62, representing a total investment of $167.3 million.

Including these latest acquisitions, Group 1 estimates it has added approximately $430 million in annualized revenue from dealership purchases so far in 2025. This follows a total of $3.9 billion in acquired revenues completed over the course of 2024.

The company did not disclose financial terms of the dealership purchases or provide details about staffing or operational transitions. However, Group 1 confirmed that the new locations will operate under their existing brand identities, consistent with the company’s approach of integrating local dealerships into its broader platform while maintaining brand recognition.

Group 1 Automotive now operates 263 dealerships across its two primary markets—the United States and the United Kingdom covering a diverse range of automotive brands, including both luxury and mainstream manufacturers. The latest transactions reflect the company’s continued emphasis on portfolio expansion in key markets, as well as its concurrent strategy of returning capital to shareholders through stock repurchases.