Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in the metropolitan areas in 15 states in the United States; 33 towns in the United Kingdom; and 3 states in Brazil. As of July 6, 2021, the company owned and operated 188 automotive dealerships, 242 franchises, and 48 collision centers that offer 32 brands of automobiles. Group 1 Automotive, Inc. was incorporated in 1995 and is based in Houston, Texas.
IPO Year: 1997
Exchange: NYSE
Website: group1auto.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $285.00 → $430.00 | Equal-Weight → Overweight | Morgan Stanley |
| 9/12/2024 | $394.00 | Equal-Weight | Stephens |
| 4/17/2024 | $305.00 | Neutral → Buy | Guggenheim |
| 2/29/2024 | $200.00 → $255.00 | Underweight → Equal-Weight | Morgan Stanley |
| 10/6/2022 | $210.00 | Neutral → Overweight | JP Morgan |
| 4/7/2022 | $240.00 → $200.00 | Overweight → Neutral | JP Morgan |
| 3/8/2022 | $200.00 → $187.00 | Equal-Weight | Morgan Stanley |
| 11/17/2021 | $206.00 → $200.00 | Equal-Weight | Morgan Stanley |
| 8/5/2021 | $203.00 → $206.00 | Equal-Weight | Morgan Stanley |
| 7/26/2021 | $203.00 | Overweight → Equal-Weight | Morgan Stanley |
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
10-Q - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
8-K - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
10-Q - GROUP 1 AUTOMOTIVE INC (0001031203) (Filer)
HOUSTON, Nov. 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors approved a new share repurchase authorization of $500 million, and also declared a quarterly dividend. Share Repurchase Authorization IncreaseThe Company announced that its board of directors increased the Company's common share repurchase authorization by $333 million to $500 million. Year-to-date 2024, the Company repurchased 461,365 shares at an average price per common share of $298.49, for a total of $138 million. Purchases may be made from time to time, b
Current quarter diluted earnings per common share from continuing operations of $8.68 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.90Gross profit of $852.7 million from total revenues of $5.2 billion, both quarterly records, and an 8.4% and 11.0% increase, respectively, over the comparable prior year periodHOUSTON, Oct. 30, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today reported financial results for the third quarter of 2024 ("current quarter"). Current quarter net income from continuing op
HOUSTON, Oct. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that it will release financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 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 10:00 a.m. ET. The conference call will be simulcast live on the Internet at http://www.group1corp.com/events. A webcast replay will be available for 30 days. A copy o
2024 YTD Acquired Revenues total $3.9 BillionHOUSTON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire. This acquisition is expected to generate approximately $125 million in annual revenues. Group 1's Chief Executive Officer Daryl Kenningham stated, "We want to welcome our new teammates from Soper of Lincoln to the Group 1 family and are delighted to expand our operations with these great brands. Our s
HOUSTON and LONDON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., announced the appointment of Mark Raban as Chief Executive Officer ("CEO") of Group 1 Automotive U.K. Raban brings more than 20 years of executive experience in automotive retail operations and finance to Group 1. In this new role, he will oversee the integration of the recently acquired Inchcape dealerships to drive strategic growth in the U.K. Leveraging the Company's expanded brand portfolio and presence, Raban will also focus on enhancing customer experience and reinforcing Group 1's stro
HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors declared a quarterly dividend of $0.47 per share. The dividend is consistent with the Company's previously announced increase of 4% in its annualized dividend rate from $1.80 per share in 2023 to $1.88 per share in 2024. The dividend is payable on September 16, 2024 to stockholders of record as of September 2, 2024. ABOUT GROUP 1 AUTOMOTIVE, INC.Group 1 owns and operates 260 automotive dealerships, 337 franchises, and 45 collision centers in the United States and t
HOUSTON, Aug. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that the Company has closed on the acquisition of Inchcape Retail ("IR") automotive operations with 54 dealership locations across the U.K. These dealerships are expected to generate $2.7 billion in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $3.8 billion. "This transformative acquisition effectively doubles our U.K. footprint, giving us access to new markets throughout England with a collection of outstanding brands," said Group 1's President and C
HOUSTON, July 25, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer, today announced the pricing of its private placement of $500.0 million in aggregate principal amount of its 6.375% senior unsecured notes due 2030 (the "Notes"). The offering is expected to close on July 30, 2024, subject to customary closing conditions. The Company expects to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes. The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws,
HOUSTON, July 25, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer, today announced that, subject to market conditions, it intends to offer for sale $500.0 million in aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Company expects to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes. The Notes to be offered have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and thus, the Notes may not be offered or sold in the United Sta
Current quarter diluted earnings per common share from continuing operations of $10.15 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.80Total revenues of $4.7 billion, a second quarter record and 3.0% increase over the comparable prior year period, driven by consolidated new vehicle revenues of $2.4 billion, a quarterly highU.S. new vehicle, parts and service, and finance and insurance revenues achieve quarterly all-time records of $2.0 billion, $497.4 million, and $183.9 million, respectivelyHOUSTON, July 24, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive re
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Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
U.S. stocks were lower, with the Dow Jones index falling around 350 points on Wednesday. Shares of AT&T Inc. (NYSE:T) rose during Wednesday's session following second-quarter earnings. AT&T reported fiscal second-quarter 2024 operating revenues of $29.8 billion, down 0.4% year over year and missing the analyst consensus estimate of $29.9 billion. Adjusted EPS of 57 cents is in line with the analyst consensus estimate, according to data from Benzinga Pro. AT&T shares gained 3.1% to $18.78 on Wednesday. Here are some other big stocks recording gains in today’s session. PROG Holdings, Inc. (NYSE:PRG) shares jumped 20.4% to $41.71 after the company reported better-than-expected s
Group 1 Automotive Inc (NYSE:GPI) reported second-quarter FY24 sales growth of 3% year-on-year to $4.696 billion, missing the analyst consensus estimate of $4.71 billion. New vehicle retail sales grew 5.4% to $2.4 billion, Used vehicle sales climbed 0.2% to $1.5 billion and sales of Parts and services increased 2.2% to $574.5 million. Gross profit for the quarter decreased 1.2% to $766.5 million, and the gross margin compressed 70 basis points to 16.3%. Operating income plunged 10.9% to $241.1 million and the operating margin contracted 80 basis points to 5.1%. Adjusted EPS of $9.80 beat the consensus estimate of $9.36. “Our U.S. team persevered in the face of adversity this q
Group 1 Automotive (NYSE:GPI) reported quarterly earnings of $9.80 per share which beat the analyst consensus estimate of $9.36 by 4.7 percent. This is a 16.45 percent decrease over earnings of $11.73 per share from the same period last year. The company reported quarterly sales of $4.70 billion which missed the analyst consensus estimate of $4.71 billion by 0.30 percent. This is a 3.01 percent increase over sales of $4.56 billion the same period last year.
B of A Securities analyst John Murphy maintains Group 1 Automotive (NYSE:GPI) with a Buy and lowers the price target from $445 to $435.
CDK statement: 'We are ahead of the anticipated schedule, and as of this morning, substantially all dealer connections are live on the Dealer Management System.'https://www.autonews.com/retail/cdk-outage-reboot-substantially-all-dealer-connections-are-live
These locations are contiguous with several other dealerships currently owned and operated by Group 1 in the U.K. and are expected to sell more than 2,800 new and used vehicle units annually. This acquisition is expected to generate $105 million in annual revenues with new cars sales recorded as net revenue under the agency model. Year to date 2024, Group 1 has completed $1.1 billion of acquired revenues. With the pending Inchcape U.K. dealership acquisition, which is expected to close during the third quarter of 2024, total acquired revenues are expected to be approximately $3.8 billion at the time of closing.
- Bloomberg
HOUSTON and LONDON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., announced the appointment of Mark Raban as Chief Executive Officer ("CEO") of Group 1 Automotive U.K. Raban brings more than 20 years of executive experience in automotive retail operations and finance to Group 1. In this new role, he will oversee the integration of the recently acquired Inchcape dealerships to drive strategic growth in the U.K. Leveraging the Company's expanded brand portfolio and presence, Raban will also focus on enhancing customer experience and reinforcing Group 1's stro
HOUSTON, Jan. 11, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 199 dealerships located in the U.S. and U.K., announced the appointment of Shelley Washburn as Vice President, Marketing and Chief Marketing Officer. Washburn brings to Group 1 more than 30 years of automotive marketing and retail experience. Most recently, she was President of Gulf States Marketing (GSM) and a strategic advisor to Force Marketing, both automotive digital marketing firms. Earlier in her career, Shelley held a diverse range of positions at Ford Motor Company, Gulf State Toyota, and MSX International and a Lincoln deale
HOUSTON, May 17, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced that Charles Szews has been elected to serve as non-executive chairman of its Board of Directors. Mr. Szews has served as a director of the Company since 2016, and currently serves on the Board of Directors, the Audit Committee, and chairs the Finance/Risk Management Committee. In addition, Mr. Szews serves on the Nominating and Corporate Governance Committee and chairs the Audit Committee for Commercial Metals Company. He succeeds Stephen D. Quinn, whose term spanned six
HOUSTON, March 1, 2023 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., announced today that Jamie Albertine has joined the Company as its Vice President of Corporate Development. In his role, Jamie will be responsible for mergers and acquisitions, real estate, and construction activities. Albertine joins Group 1 with over 20 years' experience in the automotive and financial services industries. Most recently, he served as Vice President, Strategic Initiatives and Corporate Development at MileOne Auto Group. At MileOne, he was responsible for driving growth and
Earl Hesterberg to retire at year endDaryl Kenningham, current President of US Operations, appointed to Board of Directors and as President and Chief Operating Officer of Group 1 immediately; will assume CEO role on January 1, 2023.HOUSTON, Aug. 24, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with 204 dealerships located in the U.S. and U.K., today announced that Earl J. Hesterberg, President and Chief Executive Officer will retire as CEO and from the Board of Directors, effective December 31, 2022. Long-tenured Group 1 executive Daryl Kenningham, currently President of U.S. Operations, has been app
- Wright brings to the Solid Power board extensive experience in automotive industry as well as public company, leadership and energy storage expertise LOUISVILLE, Colo., July 18, 2022 (GLOBE NEWSWIRE) -- Solid Power, Inc. ("Solid Power") (NASDAQ:SLDP), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced its board of directors appointed MaryAnn Wright to the board, effective July 18, 2022, bringing the total number of board members to nine. Ms. Wright brings to the Solid Power board more than 30 years' experience building successful, high-performing teams, primarily in the automotive industry. Ms. Wright spent the first 18 years of her
HOUSTON, March 1, 2021 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fortune 500 automotive retailer, today announced the appointment of Steven C. Mizell to its Board of Directors effective today, and the expansion of its board's membership to ten directors. Mr. Mizell is currently a top-level executive at Merck & Co., Inc., one of the leading global pharmaceutical companies and his previous business experience also includes key executive roles at world class companies such as Monsanto and Westinghouse. At Merck, Mr. Mizell serves on the Executive Committee with human resources responsibility for over 69,000 employees and is responsib
Morgan Stanley upgraded Group 1 Auto from Equal-Weight to Overweight and set a new price target of $430.00 from $285.00 previously
Stephens initiated coverage of Group 1 Auto with a rating of Equal-Weight and set a new price target of $394.00
Guggenheim upgraded Group 1 Auto from Neutral to Buy and set a new price target of $305.00
Morgan Stanley upgraded Group 1 Auto from Underweight to Equal-Weight and set a new price target of $255.00 from $200.00 previously
JP Morgan upgraded Group 1 Auto from Neutral to Overweight and set a new price target of $210.00
JP Morgan downgraded Group 1 Auto from Overweight to Neutral and set a new price target of $200.00 from $240.00 previously
Morgan Stanley reiterated coverage of Group 1 Automotive with a rating of Equal-Weight and set a new price target of $187.00 from $200.00 previously
Morgan Stanley reiterated coverage of Group 1 Automotive with a rating of Equal-Weight and set a new price target of $200.00 from $206.00 previously
Morgan Stanley reiterated coverage of Group 1 Automotive with a rating of Equal-Weight and set a new price target of $206.00 from $203.00 previously
Morgan Stanley downgraded Group 1 Automotive from Overweight to Equal-Weight and set a new price target of $203.00
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HOUSTON, Nov. 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors approved a new share repurchase authorization of $500 million, and also declared a quarterly dividend. Share Repurchase Authorization IncreaseThe Company announced that its board of directors increased the Company's common share repurchase authorization by $333 million to $500 million. Year-to-date 2024, the Company repurchased 461,365 shares at an average price per common share of $298.49, for a total of $138 million. Purchases may be made from time to time, b
Current quarter diluted earnings per common share from continuing operations of $8.68 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.90Gross profit of $852.7 million from total revenues of $5.2 billion, both quarterly records, and an 8.4% and 11.0% increase, respectively, over the comparable prior year periodHOUSTON, Oct. 30, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today reported financial results for the third quarter of 2024 ("current quarter"). Current quarter net income from continuing op
HOUSTON, Oct. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that it will release financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 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 10:00 a.m. ET. The conference call will be simulcast live on the Internet at http://www.group1corp.com/events. A webcast replay will be available for 30 days. A copy o
2024 YTD Acquired Revenues total $3.9 BillionHOUSTON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire. This acquisition is expected to generate approximately $125 million in annual revenues. Group 1's Chief Executive Officer Daryl Kenningham stated, "We want to welcome our new teammates from Soper of Lincoln to the Group 1 family and are delighted to expand our operations with these great brands. Our s
HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors declared a quarterly dividend of $0.47 per share. The dividend is consistent with the Company's previously announced increase of 4% in its annualized dividend rate from $1.80 per share in 2023 to $1.88 per share in 2024. The dividend is payable on September 16, 2024 to stockholders of record as of September 2, 2024. ABOUT GROUP 1 AUTOMOTIVE, INC.Group 1 owns and operates 260 automotive dealerships, 337 franchises, and 45 collision centers in the United States and t
Current quarter diluted earnings per common share from continuing operations of $10.15 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.80Total revenues of $4.7 billion, a second quarter record and 3.0% increase over the comparable prior year period, driven by consolidated new vehicle revenues of $2.4 billion, a quarterly highU.S. new vehicle, parts and service, and finance and insurance revenues achieve quarterly all-time records of $2.0 billion, $497.4 million, and $183.9 million, respectivelyHOUSTON, July 24, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 250 automotive re
HOUSTON, July 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced that it will release financial results for the second quarter ended June 30, 2024 on Wednesday, July 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 10:00 a.m. ET. The conference call will be simulcast live on the Internet at http://www.group1corp.com/events. A webcast replay will be available for 30 days. A copy of the
HOUSTON, May 9, 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 its board of directors approved a new share repurchase authorization of $250 million, and also declared a quarterly dividend. Share Repurchase Authorization IncreaseThe Company announced that its board of directors increased the Company's common share repurchase authorization by $161 million to $250 million. Year-to-date 2024, the Company repurchased 205,551 shares at an average price per common share of $264.74, for a total of $54 million. Purchases may be made from time to time, based
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 $9.49Total revenues of $4.5 billion, a first quarter record and 8.2% increase over the comparable prior year periodParts and service revenues of $576.2 million, a quarterly record and 5.1% increase over the comparable prior year periodU.K. total revenues of $824.8 million, a quarterly record and 4.7% increase over the comparable prior year periodHOUSTON, April 24, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE:GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 de
54 Dealership Locations in the United KingdomHOUSTON, 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. The transaction is subject