Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Graham Holdings Acquires New Dealerships In Virginia

Graham Holdings Co (NYSE:GHC) has acquired a Toyota Motor Corp (NYSE:TM) dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, Virginia, from the Lustine Automotive…
byShivani Kumaresan
July 6, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • Graham Holdings Co (NYSE:GHC) has acquired a Toyota Motor Corp (NYSE:TM) dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, Virginia, from the Lustine Automotive Group. The financial details were not disclosed.
  • Graham Holdings holds a 90% stake. Christopher J. Ourisman, a member of the Ourisman Automotive Group family of dealerships, and his team will operate and manage the dealerships. 
  • The company also owns four other automotive dealerships.
  • GHC held $975.7 million in cash and equivalents as of March 31, 2022.
  • Price Action: GHC shares are trading lower by 1.72% at $559.83 on the last check Wednesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Ford Rides On The Strength Of Pro, Says Analyst

By Shivani Kumaresan
April 25, 2:06 PM
Analyst John Murphy of BofA Securities reiterates Buy rating for Ford, citing strong operational performance driven by Pro volume growth and improved Model e losses. Despite tax challenges, Ford's 2024 outlook remains steady with slight adjustments in FCF and Capex. Murphy believes Ford's resilience amid pricing pressure and high demand for Pro bode well for future growth prospects.

F