Date published: June 23, 2014
Contrary to expectations, public dealership groups are spending more on stock buybacks than on U.S. acquisitions.
During the first quarter, the publics collectively spent $163 million on buybacks, according to the Kerrigan Quarterly Blue Sky Report. That was 70 percent more than the $96 million the Kerrigan report estimated for those groups’ spending on U.S. dealership acquisitions during the quarter.
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