Group 1 Automotive (GPI) News
Market Cap: $5.28B
Avg Volume: 188.66K
Industry: Auto - Dealerships
Sector: Consumer Cyclical
Group 1 Automotive, Inc. (GPI) Q1 2025 Earnings Call Transcript
Group 1 Automotive, Inc. (NYSE:GPI ) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Pete DeLongchamps – Senior Vice President, Financial Services and Manufacturer Relations Daryl Kenningham – President and Chief Executive Officer Daniel McHenry – Senior Vice President and Chief Financial Officer Conference Call Participants David Whiston – Morningstar Michael Ward – Citi Bret Jordan – Jefferies Thomas Wendler – Stephens, Inc. Rajat Gupta – JPMorgan Ron Jewsikow – Guggenheim Operator Good morning, ladies and gentlemen. Welcome to Group 1 Automotive's First Quarter 2025 Financial Results Conference Call.
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Group 1 Automotive (GPI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Group 1 Automotive (GPI) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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3 Stocks to Watch From the Thriving Auto Retail Industry Despite High Tariffs
Continuous expansion efforts to benefit LAD, AN and GPI despite a turbulent tariff environment.
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Group 1 Automotive (GPI) Q1 Earnings and Revenues Surpass Estimates
Group 1 Automotive (GPI) came out with quarterly earnings of $10.17 per share, beating the Zacks Consensus Estimate of $9.68 per share. This compares to earnings of $9.49 per share a year ago.
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Group 1 Automotive Reports First Quarter 2025 Financial Results
Current quarter diluted earnings per common share from continuing operations of $9.64 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $10.17 U.K. Gross profit of $217.0 million from total revenues of $1.6 billion , both quarterly records, and a 109.6% and 92.0% increase, respectively, over the comparable prior year period U.K. SG&A as a percent of gross profit of 78.3% reduced to 2024 pre-acquisition levels HOUSTON , April 24, 2025 /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 first quarter of 2025 ("current quarter"). "Our U.S. business performed well in the current quarter, as we continued to execute while navigating the uncertainty that has arisen from tariff and trade policy changes.
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Countdown to Group 1 Automotive (GPI) Q1 Earnings: Wall Street Forecasts for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Group 1 Automotive (GPI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
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Group 1 Automotive Schedules Release of First Quarter 2025 Financial Results
HOUSTON , April 8, 2025 /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 first quarter ended March 31, 2025 on Thursday, April 24, 2025 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.
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Should Value Investors Buy Group 1 Automotive (GPI) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Here's Why Group 1 Automotive (GPI) is a Strong Value Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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All You Need to Know About Group 1 Automotive (GPI) Rating Upgrade to Buy
Group 1 Automotive (GPI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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31 Upcoming Dividend Increases, Including 3 Kings
This week sees 31 dividend increases, including three Dividend Kings: Genuine Parts, Commerce Bancshares, and Kimberly-Clark, showcasing impressive financial stability and growth. My investment strategy prioritizes companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation and portfolio prosperity. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify companies with at least five years of dividend growth.
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Here's Why Group 1 Automotive (GPI) is a Strong Momentum Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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HOG, GPI & 3 Other Auto Stocks Hike Q1 Dividends: Should You Buy Now?
Wall Street is facing volatility amid sticky inflation, uncertainty over the Fed's rate-cut trajectory, and fears of a potential trade war. The auto sector, being highly cyclical, faces additional challenges, including potential disruptions from U.S. tariffs on Canadian and Mexican imports.
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Group 1 Automotive Hikes Dividend: Is the Stock Worth Buying Now?
GPI hikes its dividend and is expanding aggressively, but macroeconomic challenges are likely to impact its 2025 performance.
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Group 1 Automotive to Host 2025 Analyst Day and Ring NYSE Closing Bell
HOUSTON , Feb. 13, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 258 dealerships located in the U.S. and U.K., today announced that Daryl Kenningham, Group 1's President and Chief Executive Officer, and the Company's senior management team will host an Analyst Day event for invited only, sell-side equity analysts, on February 13, 2025 at the New York Stock Exchange. Group 1's Analyst Day will include a discussion of the Company's 2024 financial performance, 2025 priorities, an update on the Company's U.K. restructuring activities and a question-and-answer session.
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Group 1 Automotive Board Approves Increase to 2025 Dividend Rate and Declares Quarterly Dividend
HOUSTON , Feb. 12, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 258 dealerships located in the U.S. and U.K., today announced its board of directors has approved an increase in the 2025 annual dividend rate to $2.00 per share. This represents an increase of 6%, or $0.12, from the 2024 annual dividend rate of $1.88 per share.
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Group 1 Q4 Earnings Surpass Expectations, Sales Rise Y/Y
GPI's fourth-quarter earnings and revenues beat the Zacks Consensus Estimate and increase year over year.
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Group 1 Automotive Inc. (GPI) Q4 2024 Earnings Call Transcript
Group 1 Automotive Inc. (NYSE:GPI ) Q4 2024 Earnings Conference Call January 29, 2025 10:00 AM ET Company Participants Pete DeLongchamps - Senior Vice President of Manufacturer Relations and Financial Services Daryl Kenningham - President and Chief Executive Officer Daniel McHenry - Senior Vice President and Chief Financial Officer Conference Call Participants David Whiston - Morningstar Rajat Gupta - JPMorgan Daniela Haigian - Morgan Stanley John Murphy - Bank of America Jeff Licht - Stephens Inc. Bret Jordan - Jefferies Michael Ward - Freedom Capital Ron Jewsikow - Guggenheim Securities Glenn Chin - Seaport Research Partners Operator Good morning ladies and gentlemen. Welcome to Group 1 Automotive's Fourth Quarter and Full Year 2024 Financial Results Conference Call.
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Compared to Estimates, Group 1 Automotive (GPI) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Group 1 Automotive (GPI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Group 1 Automotive CEO Daryl Kenningham on Q4 results: The consumer is holding up
Group 1 Automotive president and CEO Daryl Kenningham joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the auto retail industry, and more.
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Group 1 Automotive (GPI) Q4 Earnings and Revenues Surpass Estimates
Group 1 Automotive (GPI) came out with quarterly earnings of $10.02 per share, beating the Zacks Consensus Estimate of $9.21 per share. This compares to earnings of $9.50 per share a year ago.
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Group 1 Automotive Reports 2024 Fourth Quarter Financial Results and Record Full Year Revenues of $19.9 billion
Current quarter diluted earnings per common share from continuing operations of $7.08 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $10.02 Full year all-time record retail new and used vehicle units sold of 413,364, a 13.8% increase over the comparable prior year period Gross profit of $879.2 million from total revenues of $5.5 billion, both quarterly records, and a 20.3% and 23.8% increase, respectively, over the comparable prior year period HOUSTON , Jan. 29, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 259 dealerships located in the U.S. and U.K., today reported financial results for the fourth quarter of 2024 ("current quarter") and full year 2024 ("current year"). "Our U.S. team continues to execute at a high level.
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Earnings Preview: Group 1 Automotive (GPI) Q4 Earnings Expected to Decline
Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Group 1 Automotive Schedules Release of Fourth Quarter and Full Year 2024 Financial Results
HOUSTON , Jan. 14, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 259 dealerships located in the U.S. and U.K., today announced that it will release financial results for the fourth quarter and full year ended December 31, 2024 on Wednesday, January 29, 2025 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.
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Zacks Industry Outlook Lithia Motors, Group 1 Automotive and Asbury Automotive Group
Lithia Motors, Group 1 Automotive and Asbury Automotive Group have been highlighted in this Industry Outlook article.
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3 Auto Retail Stocks to Consider Despite Challenging Industry Outlook
Despite grim industry prospects, auto retail and wholesale stocks like LAD, GPI & ABG are set to benefit from digital efforts and strategic acquisitions.
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Group 1 Automotive Can Keep Driving Higher
Group 1 Automotive has delivered 126.6% returns since my 'strong buy' rating in December 2021, handily outperforming the S&P 500's 28.2% gain. Despite mixed financial performance and industry challenges, shares remain attractively priced, justifying the continued 'strong buy' rating. The company's revenue diversification, strong acquisition strategy, and effective share buybacks highlight its growth potential and resilience.
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Why Is Group 1 Automotive (GPI) Up 17.4% Since Last Earnings Report?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
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November's auto sales see higher incentives and greater deals
CNBC's Phil LeBeau reports on Black Friday for auto dealers.
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Beverage Carton Packaging Machinery Report 2024, with Profiles of 40+ Players Including ACG, Bosch Packaging, Cariba, Econocorp, Elopak, Galdi, GPI Equipment and Imanpack Packaging and Eco Solutions
Dublin, Nov. 21, 2024 (GLOBE NEWSWIRE) -- The "Beverage Carton Packaging Machinery - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Beverage Carton Packaging Machinery was estimated at US$1.2 Billion in 2023 and is projected to reach US$1.9 Billion by 2030, growing at a CAGR of 6.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. How Is Beverage Carton Packaging Machinery Adapting to Different Beverage Types and Packaging Needs? Beverage carton packaging machinery is highly adaptable, designed to meet the specific packaging needs of various beverage types, from dairy and juices to plant-based drinks and liquid nutritional supplements. For instance, dairy products require aseptic packaging machinery that can ensure product safety and shelf stability without refrigeration. Aseptic carton packaging systems use sterilized cartons and fill products under sterile conditions, allowing milk and other dairy-based beverages to remain fresh for extended periods. For fruit juices and vitamin-enriched drinks, machinery often includes features for preserving flavor and nutritional content, with oxygen-free filling systems that reduce oxidation and maintain quality. Plant-based beverages, which have a different viscosity and require longer shelf lives, benefit from machinery that can precisely manage fill volumes and seal cartons effectively to prevent leakage. Machinery is also customizable for different carton shapes and sizes, allowing brands to differentiate their products on store shelves. This adaptability ensures that beverage carton packaging machinery meets diverse product specifications, delivering safe, durable, and visually appealing packaging across all beverage categories. What's Fueling the Growth of the Beverage Carton Packaging Machinery Market? The growth in the beverage carton packaging machinery market is driven by increasing demand for sustainable packaging solutions, advancements in automation technology, and the expansion of the beverage industry. As consumers and regulatory bodies push for environmentally friendly packaging, many beverage companies are choosing carton packaging over plastic or glass due to its recyclability and renewable materials, which in turn fuels demand for efficient and scalable carton packaging machinery. Furthermore, advancements in automation and IoT have enhanced the performance and monitoring capabilities of packaging machinery, enabling manufacturers to increase productivity while reducing operational costs. This technological progression has encouraged both large and small beverage producers to invest in modernized carton packaging systems that ensure efficiency and product quality. The growth of health-conscious consumer segments has also contributed to market demand, as more brands enter the functional and plant-based beverage sectors, which require specialized packaging solutions to protect product freshness and nutritional content. Additionally, global expansion of the beverage industry, especially in emerging markets, has led to higher demand for cost-effective, high-capacity packaging solutions that can support mass production. With the emphasis on sustainability, product differentiation, and operational efficiency, the beverage carton packaging machinery market continues to grow, driven by the need for machinery that aligns with industry shifts toward eco-friendly packaging and high production standards. Scope of the Study The report analyzes the Beverage Carton Packaging Machinery market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below. Segments
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Group 1 Automotive Board Approves New Share Repurchase Authorization & Declares Quarterly Dividend
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 Increase The Company announced that its board of directors increased the Company's common share repurchase authorization by $333 million to $500 million.
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Group 1 Shares Rise 6% Since Q3 Earnings Miss Expectations
GPI's third-quarter earnings miss the Zacks Consensus Estimate, whereas, revenues beat the same.
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Group 1 Automotive Inc. (GPI) Q3 2024 Earnings Call Transcript
Group 1 Automotive Inc. (NYSE:GPI ) Q3 2024 Results Conference Call October 30, 2024 10:00 AM ET Company Participants Pete DeLongchamps - Senior Vice President of Manufacturer Relations and Financial Services Daryl Kenningham - President and Chief Executive Officer Daniel McHenry - Senior Vice President and Chief Financial Officer Conference Call Participants Rajat Gupta - JP Morgan John Murphy - Bank of America Jeff Licht - Stephens Inc Michael Ward - Freedom Capital Glenn Chin - Seaport Research Partners Operator Good morning, ladies and gentlemen and welcome to Group 1 Automotive's Third Quarter 2024 Financial Results Conference Call. Please be advised that this call is being recorded.
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Here's What Key Metrics Tell Us About Group 1 Automotive (GPI) Q3 Earnings
The headline numbers for Group 1 Automotive (GPI) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Group 1 Automotive (GPI) Q3 Earnings Miss Estimates
Group 1 Automotive (GPI) came out with quarterly earnings of $9.90 per share, missing the Zacks Consensus Estimate of $9.93 per share. This compares to earnings of $12.07 per share a year ago.
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Analysts Estimate Group 1 Automotive (GPI) to Report a Decline in Earnings: What to Look Out for
Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Group 1 Automotive: Still Great, Still On Sale
I prefer a concentrated portfolio with 6 to 10 holdings, accepting more company-specific risk for potentially higher returns as a young, experienced investor. Despite selling Group 1 Automotive, I maintain a 'strong buy' rating due to its low multiples and rapid expansion, expecting further upside. Group 1 Automotive's revenue continues to grow, but profits and cash flows have weakened due to volatile pricing and reduced profit margins in vehicle sales.
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Group 1 Automotive Schedules Release of Third Quarter 2024 Financial Results
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.
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Group 1 Automotive Announces the Acquisition of Soper of Lincoln BMW/MINI in the U.K.
2024 YTD Acquired Revenues total $3.9 Billion HOUSTON , 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.
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Group 1 Automotive Appoints Mark Raban as CEO of U.K. Operations
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 strong OEM partnerships.
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Bet on Winning DuPont Analysis & Pick 4 Quality Stocks
Do you have more faith in DuPont analysis than simple ROE calculation? Tap PC Connection (CNXN), EMCOR Group (EME), Lifeway Foods (LWAY) and Sprouts Farmers Market (SFM).
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Why Is Group 1 Automotive (GPI) Up 5.7% Since Last Earnings Report?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
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Group 1 Automotive Board Declares Quarterly Dividend
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.
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Group 1 Automotive Announces Closing on Inchcape Retail Automotive Operations
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 Chief Executive Officer Daryl Kenningham.
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Group 1 (GPI) Q2 Earnings Beat Expectations, Decline Y/Y
Group 1's (GPI) second-quarter 2024 earnings top the Zacks Consensus Estimate but decline year over year.
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Group 1 Automotive Announces Pricing of $500.0 Million Offering of Senior Notes
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.
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Group 1 Automotive Announces $500.0 Million Offering of Senior Notes
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.
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Group 1 Automotive (GPI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Group 1 Automotive (GPI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Group 1 Automotive (GPI) Q2 Earnings Top Estimates
Group 1 Automotive (GPI) came out with quarterly earnings of $9.80 per share, beating the Zacks Consensus Estimate of $9.43 per share. This compares to earnings of $11.73 per share a year ago.
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Conventum - Alluvium Global Fund's Q2 2024 Buys And Sells
Conventum - Alluvium Global Fund ended the quarter with 19 holdings and 15.3% cash. The fund bought AutoNation, Ryanair, Robert Half and Liberty Broadband. The fund sold LyondellBasell, DICK'S Sporting and HCA Healthcare.
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Earnings Preview: Group 1 Automotive (GPI) Q2 Earnings Expected to Decline
Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Group 1 Automotive Schedules Release of Second Quarter 2024 Financial Results
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.
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Group 1 (GPI) Acquires 4 Mercedes-Benz Dealerships in the UK
Group 1 (GPI) acquires four Mercedes-Benz dealerships in Hertfordshire to expand its operation in the United Kingdom.
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Group 1 Automotive Expands in the U.K. with the Acquisition of Four Mercedes-Benz Dealerships
HOUSTON , July 1, 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 the expansion of its U.K. operations with the acquisition of four Mercedes-Benz dealerships located north of London in the county of Hertfordshire from L&L Automotive. 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.
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CDK Global says some U.S. car dealerships are back up after last week's cyberattack
Software company CDK Global said it has managed to bring a batch of U.S. car dealerships back on to its system after a cyberattack severely disrupted their operations last week, raising hopes the issue can soon be resolved.
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Group 1 Automotive says CDK cyberattack had disrupted business applications and processes at U.S. operations that rely on its systems
Group 1 Automotive Inc. GPI, -0.36% said Monday the cyber-attack at software provider CDK Global last week has disrupted its business applications and processes at 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,” Houston-based Group 1 said in a statement.
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Group 1 Automotive Provides Statement on CDK Cybersecurity Incident
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.
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CDK Extends Relationship With Group 1 Automotive
AUSTIN, Texas--(BUSINESS WIRE)--Top Publicly Held Dealer Group 1 Automotive Goes All-In on Innovation with CDK Dealership Xperience Platform.
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Why Is Group 1 Automotive (GPI) Up 1.2% Since Last Earnings Report?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
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3 Auto Firms to Watch on Stock Buyback Bonanza
Companies like GPI, BWA and AN increase their buyback authorization to investors' delight.
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Bet on Winning DuPont Analysis & Pick 5 Quality Stocks
Do you have more faith in DuPont analysis than simple ROE calculation? Tap Group 1 Automotive (GPI), Valero Energy (VLO), Lifeway Foods (LWAY), EMCOR Group (EME) and Sprouts Farmers Market (SFM).
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Group 1 Automotive (GPI) Is Attractively Priced Despite Fast-paced Momentum
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.
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Group 1 Automotive Upsizes Revolving Credit Facility to $2.5 Billion
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.
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Group 1 (GPI) Q1 Earnings Miss Expectations, Decline Y/Y
Group 1's (GPI) first-quarter earnings miss the Zacks Consensus Estimate and decline 13.2% year over year.
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Group 1 Automotive, Inc. (GPI) Q1 2024 Earnings Call Transcript
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.
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Group 1 Automotive (GPI) Lags Q1 Earnings 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.
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Group 1 Automotive Reports First Quarter 2024 Financial Results
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.
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Can These 4 Auto Retailers Beat Q1 Earnings Expectations?
Our proven model doesn't conclusively predict an earnings beat for GPI, LAD, AN and PAG in Q1, as they don't have the right combination of a favorable Zacks Rank and a positive Earnings ESP.
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Group 1 (GPI) to Acquire Inchcape's UK Dealerships for $439M
Group 1 (GPI) agrees to buy U.K. Dealerships of Inchcape for nearly $439 million.
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Group 1 Automotive Agrees to Acquire Inchcape U.K. Dealerships
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.
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Group 1 Automotive Schedules Release of First Quarter 2024 Financial Results
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.
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Group 1 (GPI) Buys Modern Classic Motors in South Carolina
Group 1 (GPI) acquires Modern Classic Motors, which includes three franchises in Beaufort County.
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Group 1 Automotive Acquires Modern Classic Motors in Hilton Head, 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.
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5 Stocks Favored by Brokers Amid Current Uncertainty
We believe that stocks like General Motors (GM), Cardinal Health (CAH), Deutsche Bank (DB), Group 1 (GPI) and Centene (CNC) should be on an investor's watchlist.
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Group 1 Automotive (GPI) Up 0.6% Since Last Earnings Report: Can It Continue?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
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3 Auto Retailers to Watch Despite Dim Industry Prospects
Auto retailers like PAG, LAD and GPI are poised to navigate industry headwinds thanks to their strategic expansion initiatives and shareholder-friendly moves.
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Group 1 Automotive Acquires Two High Volume Lexus Dealerships in Southern California
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.
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Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive
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.
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Group 1 Automotive Acquires RRR Automotive Group
- Expected Annual Revenues of $500 Million - Increases 2024 Annual Dividend Rate by 4% HOUSTON , Feb. 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international Fortune 300 automotive retailer with 198 dealerships located in the U.S. and U.K., today announced the expansion of its U.S. portfolio in the greater Baltimore/Washington DC market, the sixth largest metropolitan area in the United States. The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers.
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Group 1 (GPI) Q4 Earnings Miss Estimates, Revenues Beat
Group 1 (GPI) misses earnings estimates but beats on revenues. While the bottom line falls 12.5% year over year, revenues rise 10%.
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Group 1 Automotive, Inc. (GPI) Q4 2023 Earnings Call Transcript
Group 1 Automotive, Inc. (GPI) Q4 2023 Earnings Call Transcript
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Here's What Key Metrics Tell Us About Group 1 Automotive (GPI) Q4 Earnings
While the top- and bottom-line numbers for Group 1 Automotive (GPI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Group 1 Automotive (GPI) Q4 Earnings Lag Estimates
Group 1 Automotive (GPI) came out with quarterly earnings of $9.50 per share, missing the Zacks Consensus Estimate of $10.49 per share. This compares to earnings of $10.86 per share a year ago.
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Group 1 Automotive cutting 10% of U.K. jobs on losses in its used-car sales
Group 1 Automotive Inc. said Wednesday it will reduce its U.K. workforce by 10% or roughly 358 people as the latest company to cut jobs to reduce costs in the face of an uncertain economy.
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Exploring Analyst Estimates for Group 1 Automotive (GPI) Q4 Earnings, Beyond Revenue and EPS
Get a deeper insight into the potential performance of Group 1 Automotive (GPI) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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4 ETF Areas & Stocks to Win on Upbeat December Retail Sales
Retail sales in December 2024 increased by 0.6%, outperforming the Dow Jones estimate of 0.4%, as quoted on CNBC.
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Group 1 Automotive Schedules Release of Fourth Quarter and Full Year 2023 Financial Results
HOUSTON , Jan. 16, 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., today announced that it will release financial results for the fourth quarter and full year ended December 31, 2023 on Wednesday, January 31, 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.
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Group 1 Automotive Appoints New Chief Marketing Officer
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.
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4 ETF Areas & Stocks to Win on Upbeat November Retail Sales
Retail Sales in the United States increased 4.1% year-on-year in November 2023, marking the strongest annual growth since February, following a downwardly revised 2.2% gain in October.
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Strength Seen in Group 1 Automotive (GPI): Can Its 3.9% Jump Turn into More Strength?
Group 1 Automotive (GPI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
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3 Auto Retailers to Watch Despite Subdued Industry Prospects
While the Zacks Auto Retail & Whole Sales industry's rank paints a lackluster picture, companies like LAD, GPI and AN seem better positioned to navigate the challenges presented by the current market conditions.
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5 Broker-Friendly Stocks to Keep an Eye on Amid Volatility
We believe that stocks like Brinker International (EAT), Cardinal Health (CAH), The Andersons (ANDE), Avnet (AVT) and Group 1 Automotive (GPI) should be on an investor's watchlist.
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Why Is Group 1 Automotive (GPI) Up 12.2% Since Last Earnings Report?
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
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