Group 1 AutomotiveNYSE: GPI

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.

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

Group 1 Automotive (GPI) is a promising option for investors seeking stocks that have shown strong momentum and are priced reasonably. It is among the stocks that passed our screening for 'Fast-Paced Momentum at a Bargain'.

Group 1's (GPI) earnings for the first quarter fall short of the Zacks Consensus Estimate and decrease by 13.2% compared to the previous year.

Group 1 Automotive (GPI) is lacking the necessary elements for a potential earnings surprise in their upcoming report. Be ready with the essential expectations.

Group 1 (GPI) has agreed to purchase the U.K. Dealerships of Inchcape for approximately $439 million.

Group 1 Automotive, Inc. (NYSE: GPI) will announce its financial results for the first quarter ended March 31, 2024 on Wednesday, April 24, 2024. The conference call to discuss the results will be hosted by Daryl Kenningham, President and CEO, and the senior management team at 9:00 a.m.

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

Auto retailers like PAG, LAD and GPI are poised to navigate industry headwinds thanks to their strategic expansion initiatives and shareholder-friendly moves.