---
schema_version: "secwatch.filing_event.v1"
accession: "0001031203-24-000075"
form_type: "8-K"
ticker: "GPI"
cik: "0001031203"
company_name: "GROUP 1 AUTOMOTIVE INC"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:45:22.633846+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Group 1 Automotive boosts buyback authorization $333M to $500M; declares $0.47 dividend

## Summary
- Board increased share repurchase authorization by $333M to $500M. YTD 2024 spent $138M at avg $298.49 per share.
- Quarterly dividend of $0.47 declared, payable Dec 16, 2024 to holders of record Dec 2, 2024.
- Annualized dividend rate increased 4% from $1.80 in 2023 to $1.88 in 2024 (previously announced).
- Repurchases will be funded by cash from operations and shares held in treasury.

## SEC filing metadata
- accession: 0001031203-24-000075
- form_type: 8-K
- ticker: GPI
- cik: 0001031203
- company_name: GROUP 1 AUTOMOTIVE INC
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000075/0001031203-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000075/gpi-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031203-24-000075
- JSON: https://secwatch.observer/filing/0001031203-24-000075.json
- Plain text: https://secwatch.observer/filing/0001031203-24-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.