Group 1 Automotive, Inc. (NYSE:GPI) is a Texas-based company that operates in the automotive retail industry, specializing in the sale of new and used cars, light trucks, vehicle parts, service and insurance contracts, vehicle financing, and automotive maintenance and repair services. On November 16, Group 1 Automotive, Inc. (NYSE:GPI)'s board of directors increased the common stock repurchase authorization by $161 million to $200 million. The company also distributed a $0.39 per share quarterly dividend on December 15, representing a 2.6% increase from its prior dividend of $0.38.