Group 1 Automotive

Group 1 Automotive, Inc. engages in the automotive retailing industry. The firm operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts. The company was founded in 1995 and is headquartered in Houston, TX.

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Group 1 Automotive (GPI) posts record earnings, eyes growth in 2023

Group 1 Automotive (GPI) reported strong financial results for Q4 2022 and full-year 2022, driven by record performance and strategic capital allocation. While facing challenges in the US market, the company's UK operations demonstrated resilience and growth potential. Looking ahead, Group 1 Automotive aims to leverage its balance sheet strength for growth opportunities in 2023.

Group 1 Automotive reports record earnings, eyes growth opportunities

Group 1 Automotive's Q1 2023 earnings call showcased strong financial results, particularly in the U.S. and U.K. operations. The company's focus on after-sales services and digital platforms like AcceleRide has been successful. While facing challenges in managing inventory and market uncertainties, Group 1 Automotive is well-positioned to capitalize on growth opportunities through strategic initiatives.

Group 1 Automotive (GPI) posts record Q2 earnings, eyes digital growth

Group 1 Automotive's Q2 2023 performance reflects robust financial results, operational excellence, and strategic growth initiatives across key business segments.
While facing challenges in the used vehicle segment, the company's strong financial position, diverse revenue streams, and digital sales platform position it well for future growth.
Opportunities in digital sales, market expansion, and service enhancements present avenues for sustained growth and profitability in the evolving automotive industry landscape.

Group 1 Automotive posts record Q3 revenues amidst operational challenges

Group 1 Automotive demonstrated robust financial performance with record revenues and strong net income, driven by growth in new and used vehicle sales.
While facing challenges such as delivery shortages, the company showcased operational resilience and strategic focus on revenue diversification.
Opportunities lie in capital allocation strategies, liquidity management, and leveraging strengths in product sales and aftersales services for sustained growth.

Group 1 Automotive posts solid Q4 results, eyes aggressive M&A

Group 1 Automotive demonstrated strong financials in Q4 2023, particularly in the U.S. market.
While facing challenges in the U.K. operations, the company remains focused on growth opportunities.
Strategic capital allocation and cost control measures position Group 1 Automotive for continued success.

Group 1 Automotive excels in Q1 2024 with record revenues and strategic acquisitions

Group 1 Automotive's Q1 2024 earnings call showcased robust financial performance, driven by record revenues and strategic initiatives like the Inchcape acquisition.
The company's strong cash generation, balanced capital allocation strategy, and operational improvements in both U.S. and U.K. operations underscore its resilience and growth potential.
While challenges like integration risks and market uncertainties exist, Group 1's focus on leveraging opportunities through acquisitions, partnerships, and operational enhancements positions it for future success.
Investor interest in key operational metrics and strategic decisions reflects confidence in Group 1's ability to navigate challenges and capitalize on growth prospects in the automotive industry.

Group 1 Automotive reports robust Q2 earnings amidst operational challenges

Group 1 Automotive's Q2 performance reflects resilience and strategic focus amidst challenges like the CDK outage.
Strong financial results, operational efficiency, and strategic acquisitions underscore the company's growth trajectory.
Balanced performance across key segments and regions positions Group 1 Automotive for continued success and market leadership.
Opportunities in new vehicle sales, after-sales, and acquisitions pave the way for sustained growth and profitability.

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HOUSTON , June 24, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced that the cybersecurity incident recently experienced by third-party software provider, CDK Global LLC ("CDK"), has disrupted Group 1's business applications and processes in its U.S. operations that rely on CDK's dealers' systems.  In response, the Company immediately activated its cyber incident response procedures and proactively took measures to protect and isolate its systems from CDK's platform.

Group 1 Automotive Provides Statement on CDK Cybersecurity Incident

AUSTIN, Texas--(BUSINESS WIRE)--Top Publicly Held Dealer Group 1 Automotive Goes All-In on Innovation with CDK Dealership Xperience Platform.

CDK Extends Relationship With Group 1 Automotive

Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?

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Should Value Investors Buy Group 1 Automotive (GPI) Stock?

Group 1 Automotive (GPI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Group 1 Automotive (GPI) Is Attractively Priced Despite Fast-paced Momentum

HOUSTON , April 30, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability. Lenders in the syndicated facility include six manufacturer-affiliated finance companies and 14 commercial banks.

Group 1 Automotive Upsizes Revolving Credit Facility to $2.5 Billion

Group 1's (GPI) first-quarter earnings miss the Zacks Consensus Estimate and decline 13.2% year over year.

Group 1 (GPI) Q1 Earnings Miss Expectations, Decline Y/Y

Group 1 Automotive, Inc. (NYSE:GPI ) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Pete DeLongchamps - SVP of Manufacturer Relations, Financial Services and Public Affairs Daryl Kenningham - President and CEO Daniel McHenry - SVP and CFO Conference Call Participants John Murphy - Bank of America Michael Ward - Freedom Capital David Whiston - Morningstar Rajat Gupta - JPMorgan Glenn Chin - Seaport Research Partners Operator Good morning, ladies and gentlemen. Welcome to Group 1 Automotive's First Quarter 2024 Financial Results Conference Call.

Group 1 Automotive, Inc. (GPI) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Group 1 Automotive (GPI) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Group 1 Automotive (GPI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Group 1 Automotive (GPI) came out with quarterly earnings of $9.49 per share, missing the Zacks Consensus Estimate of $9.52 per share. This compares to earnings of $10.93 per share a year ago.

Group 1 Automotive (GPI) Lags Q1 Earnings Estimates

Current quarter diluted earnings per common share from continuing operations of $10.76 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.49 Total revenues of $4.5 billion, a first quarter record and 8.2% increase over the comparable prior year period Parts and service revenues of $576.2 million, a quarterly record and 5.1% increase over the comparable prior year period U.K. total revenues of $824.8 million, a quarterly record and 4.7% increase over the comparable prior year period HOUSTON , April 24, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today reported financial results for the first quarter of 2024 ("current quarter"). Current quarter net income from continuing operations was $147.4 million.

Group 1 Automotive Reports First Quarter 2024 Financial Results

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Group 1 (GPI) agrees to buy U.K. Dealerships of Inchcape for nearly $439 million.

Group 1 (GPI) to Acquire Inchcape's UK Dealerships for $439M

Group 1 Automotive has experienced mixed results in recent years, but management is making big moves and further upside is expected. The company recently acquired 54 dealership locations in the UK, bringing in $2.7 billion in revenue and increasing its exposure in the country. The UK automotive market is rebounding, and Group 1 Automotive's acquisitions position it well for growth in the hot market.

Group 1 Automotive: Rapid Growth And Cheap Shares Perfect Recipe For Success

54 Dealership Locations in the United Kingdom HOUSTON , April 15, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a  Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced it has entered into a definitive agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 million (£220 million) of appraised real estate value.  In 2023, the Inchcape U.K. dealerships generated approximately $2.7 billion USD (£2.1 billion) in annual revenues.

Group 1 Automotive Agrees to Acquire Inchcape U.K. Dealerships

HOUSTON , April 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced that it will release financial results for the first quarter ended March 31, 2024 on Wednesday, April 24, 2024, before the market opens. Daryl Kenningham, Group 1's President and Chief Executive Officer, and the Company's senior management team will host a conference call to discuss the results later that morning at 9:00 a.m.

Group 1 Automotive Schedules Release of First Quarter 2024 Financial Results

Group 1 (GPI) acquires Modern Classic Motors, which includes three franchises in Beaufort County.

Group 1 (GPI) Buys Modern Classic Motors in South Carolina

Expected to Generate $140 Million in Annual Revenues 2024 Year-To-Date Acquired Annual Revenues of $1.0 Billion HOUSTON , March 11, 2024 /PRNewswire/ --  Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced the acquisition of Modern Classic Motors in Hilton Head, South Carolina.  The acquisition includes three franchises: Mercedes-Benz, Sprinter and Honda in Beaufort County, one of the fastest-growing counties in South Carolina.

Group 1 Automotive Acquires Modern Classic Motors in Hilton Head, South Carolina

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Group 1 Automotive (GPI) Up 0.6% Since Last Earnings Report: Can It Continue?

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Expected Annual Revenues of $350 Million The Company Also Provides a Share Repurchase Update HOUSTON , Feb. 26, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 200 dealerships located in the U.S. and U.K., today announced the acquisition of Newport Lexus and Tustin Lexus, two high performing Lexus dealerships in Orange County, California.  The dealerships are expected to generate $350 million in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $850 million, which follows $1.1 billion of acquired revenues in 2023.

Group 1 Automotive Acquires Two High Volume Lexus Dealerships in Southern California

COLLEGE PARK, Md.--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented College Park, Maryland-based RRR Automotive Group in the sale of its five new car dealerships, including the #1 and #2 volume Honda dealerships in the state of Maryland, to Houston, Texas-based Group 1 Automotive (NYSE: GPI). This transaction underscores Kerrigan Advisors' industry-leading track record selling the most valuable auto retailers nationwid.

News for Group 1 Automotive Stock (GPI)