Market for Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common stock is listed on the NYSE under the symbol “GPI.” There were 34 holders of record of our common stock as of February 5, 2024.
+Added: Our common stock is listed on the New York Stock Exchange under the symbol “GPI.” There were 33 holders of record of our common stock as of February 7, 2025.
A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers and other financial institutions.
6 unchanged sentences
December 1, 2024 — December 31, 2024
+Added: 51,310 $ 420.35 51,310 $ 476.1
Total 80,300 80,300
(1) Our Board of Directors from time to time authorizes the repurchase of shares of our common stock up to a certain monetary limit.
−Removed: On August 2, 2023, our Board of Directors increased the Company’s share repurchase authorization to $250.0 million.
+Added: On November 12 , 2024, our Board of Directors increased the Company’s share repurchase authorization to $500.0 million.
+Added: Share repurchases may take place on the open market or otherwise, and all or part of the repurchases may be made pursuant to Rule 10b5-1 trading plans or in privately negotiated transactions.
+Added: The timing of share repurchases are subject to the business judgment of our Board of Directors, taking into consideration our historical and projected results of operations, financial condition, cash flows, capital requirements, covenant compliance, changes in laws and regulations, current economic environment and other factors considered relevant.
+Added: As of December 31, 2024, we had $476.1 million available under our current share repurchase authorization.
Our share repurchase authorization does not have an expiration date.
−Removed: Future share repurchases are subject to the business judgment of our Board of Directors, taking into consideration our historical and projected results of operations, financial condition, cash flows, capital requirements, covenant compliance, changes in laws and regulations, current economic environment and other factors considered relevant.
−Removed: As of December 31, 2023, we had $143.3 million available under our current stock repurchase authorization.
Refer to Item 7.
−Removed: Management’s Discussion and Analysis of Financial Condition and Results of Operations within this Form 10-K for additional information on share repurchases and authorization.
+Added: Management’s Discussion and Analysis of Financial Condition and Results of Operations for additional information on share repurchases.
Performance Graph
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.