Group 1 Automotive (GPI) Stock

Since I gave Group 1 Automotive a 'strong buy' rating in December 2021, it has achieved returns of 126.6%, significantly better than the S&P 500's 28.2% increase. Even with some ups and downs in its financial results and challenges in the industry, the stock is still reasonably priced, which supports my 'strong buy' recommendation. The company's varied revenue sources, solid acquisition plans, and successful share buyback program show its potential for growth and strength.

GPI's earnings for the third quarter fell short of the Zacks Consensus Estimate, but their revenues exceeded expectations.

Group 1 Automotive Inc. (NYSE:GPI) will hold a conference call on October 30, 2024, at 10:00 AM ET to discuss their Q3 2024 results. Participants from the company include Pete DeLongchamps, Daryl Kenningham, and Daniel McHenry, along with analysts from various financial institutions. The operator welcomes everyone and notes that the call is being recorded.

The main figures for Group 1 Automotive (GPI) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Group 1 Automotive (GPI) reported quarterly earnings of $9.90 per share, which is slightly below the Zacks Consensus Estimate of $9.93 per share. This is a decrease compared to earnings of $12.07 per share from the same period last year.

As a young and experienced investor, I like to have a focused portfolio with 6 to 10 investments, which means I am willing to take on more risk for the chance of better returns. Even though I sold my shares in Group 1 Automotive, I still believe it is a 'strong buy' because of its low valuation and fast growth, and I anticipate more gains. While Group 1 Automotive's revenue is increasing, its profits and cash flow have been affected by fluctuating prices and lower profit margins in car sales.

HOUSTON, Oct. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), a major automotive retailer with 260 dealerships in the U.S. and U.K., has announced that it will share its financial results for the third quarter ending September 30, 2024, on Wednesday, October 30, 2024, before the market opens. Daryl Kenningham, the President and CEO, along with the senior management team, will hold a conference call to discuss these results at 10:00 a.m. that same morning.

As of October 1, 2024, Group 1 Automotive, Inc. has reported $3.9 billion in acquired revenues for the year. The company, which operates 260 dealerships in the U.S. and U.K., is expanding its presence in the U.K. by acquiring Soper of Lincoln BMW/MINI, located in Lincolnshire, north of London. This new acquisition is anticipated to bring in around $125 million in yearly revenues.

HOUSTON and LONDON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), a major automotive retailer with 260 dealerships in the U.S. and U.K., has named Mark Raban as the new Chief Executive Officer of Group 1 Automotive U.K. Raban has over 20 years of experience in automotive retail and finance, and he will be responsible for integrating the newly acquired Inchcape dealerships to promote growth in the U.K. He will also work on improving customer experience and strengthening partnerships with original equipment manufacturers (OEMs).