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Benzinga
Benzinga
Business
Shivani Kumaresan

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 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.
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