Profile
Sector:
Consumer CyclicalIndustry:
Auto & Truck DealershipsCountry:
United StatesIPO:
30 October 1997Website:
http://www.group1auto.comNext earnings report:
31 January 2025Last dividends:
30 August 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:39:08 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
GPI Latest News
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.
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.
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.
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.
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.
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.
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.
Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?
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.
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.
What type of business is Group 1 Automotive?
Group 1 Automotive, Inc. is a retail operator of motor vehicles. The company sells new and used cars and light trucks through dealers; arranges related vehicle financing; sells service contracts and insurance; provides automotive maintenance and repair services, and sells car parts. The company operates in three geographic segments: the United States, including its corporate office activity, the United Kingdom, and Brazil. Group 1 Automotive, Inc. was founded in 1995 and is headquartered in Houston, Texas.
What sector is Group 1 Automotive in?
Group 1 Automotive is in the Consumer Cyclical sector
What industry is Group 1 Automotive in?
Group 1 Automotive is in the Auto & Truck Dealerships industry
What country is Group 1 Automotive from?
Group 1 Automotive is headquartered in United States
When did Group 1 Automotive go public?
Group 1 Automotive initial public offering (IPO) was on 30 October 1997
What is Group 1 Automotive website?
https://www.group1auto.com
Is Group 1 Automotive in the S&P 500?
No, Group 1 Automotive is not included in the S&P 500 index
Is Group 1 Automotive in the NASDAQ 100?
No, Group 1 Automotive is not included in the NASDAQ 100 index
Is Group 1 Automotive in the Dow Jones?
No, Group 1 Automotive is not included in the Dow Jones index
When was Group 1 Automotive the previous earnings report?
No data
When does Group 1 Automotive earnings report?
The next expected earnings date for Group 1 Automotive is 31 January 2025