The company plans to fund the repurchase of shares with cash from operations and said it anticipates completing the repurchase program within the next twelve months. As of June 30, Group 1 Automotive had 22.7 million shares of common stock outstanding.
Houston-based Group 1 owns and operates 100 automotive dealerships, 134 franchises, and 26 collision service centers in the United States and the United Kingdom that offer 31 brands of automobiles.
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