Group 1 Automotive, Inc. (NYSE:GPI) Q3 2023 Earnings Call Transcript

Daniel McHenry: Daniel, as Daryl said, our key priority is to continue to grow the company. I think it’s fair to say there’s a lot of potential acquisitions on the market at the moment. I think the market is more buoyant at the moment than probably it has ever been. Quality acquisitions are still more expensive and I think that the prices will continue to compress. We’re going to remain balanced in terms of capital allocation as and when we think it’s opportunistic to buy our stock back. We’ll continue to buy our stock back and I think that was clearly messaged in our prepared remarks.

Operator: And ladies and gentlemen, with that, we’ll be concluding today’s question-and-answer session as well as today’s conference call and presentation. We do thank everyone for joining today’s conference. You may now disconnect your lines.