Welcome to our dedicated page for Group 1 Automotive news (Ticker: GPI), a resource for investors and traders seeking the latest updates and insights on Group 1 Automotive stock.
Group 1 Automotive, Inc. (GPI) delivers comprehensive automotive retail solutions through dealerships, collision centers, and financing services across the United States and United Kingdom. This news hub provides investors and industry observers with essential updates about the company’s strategic developments and market position.
Access timely press releases and verified news covering quarterly earnings, dealership acquisitions, and partnership announcements. Our curated collection helps stakeholders track GPI’s expansion of its 35-brand portfolio and evolving omnichannel retail strategy.
Discover updates on operational milestones including collision center expansions, financial service innovations, and technology integrations across GPI’s network. All content is vetted for relevance to long-term investors and analysts monitoring the automotive retail sector.
Bookmark this page for streamlined access to GPI’s latest corporate communications. Check back regularly for authoritative reporting on one of automotive retail’s most geographically diversified operators.
Group 1 Automotive, Inc. (NYSE: GPI) announced a quarterly cash dividend of $0.33 per share for Q1 2021, marking a 6.5% increase from the previous quarter. This dividend will be paid on June 15, 2021, to stockholders on record as of June 1, 2021. Group 1 operates 182 automotive dealerships and offers a wide range of automotive services in the U.S., U.K., and Brazil.
Group 1 Automotive (GPI) reported record first quarter 2021 results, achieving a net income of $101.9 million, a 242.3% increase year-over-year. Diluted earnings per share reached $5.52, up 242.5% from $1.61 in Q1 2020. Revenues rose 11.9% to $3.0 billion, driven by over 20% growth in U.S. new and used vehicle sales. Adjusted net income also set records, despite challenges from business interruptions and COVID-19 lockdowns in the UK. The company continues to perform strongly with significant increases in gross profit and reduced SG&A expenses as a percentage of gross profit.
Group 1 Automotive (GPI) announced its financial results for Q1 2021 will be released on April 29, 2021, before market open. The company's CEO, Earl J. Hesterberg, and senior management will discuss these results on a conference call at 10 a.m. ET. The call will be available via the company's website and through a telephonic option. A replay of the call will be accessible until May 6, 2021. Group 1 operates 184 automotive dealerships, 237 franchises, and 49 collision centers across the US, UK, and Brazil, selling various automotive brands.
On March 16, 2021, Group 1 Automotive (NYSE: GPI) announced its acquisition of two Toyota dealerships in Massachusetts, located in Hyannis and Orleans. This strategic move is expected to generate approximately $120 million in annual revenues, increasing the company's total U.S. Toyota dealership count to 15 and total representation in New England to 10 dealerships. Group 1 aims to enhance its market presence and strengthen its partnership with Toyota through this expansion.
Group 1 Automotive, Inc. (NYSE: GPI) has announced the appointment of Steven C. Mizell to its Board of Directors, expanding the board to ten members. Mizell brings extensive human resources experience from his roles at Merck & Co., Monsanto, and Westinghouse. His expertise includes talent acquisition, development, and diversity initiatives. The Company’s Chairman and CEO expressed confidence in Mizell's ability to contribute to Group 1's growth strategy, leveraging his background in transactional businesses and M&A environments.
Group 1 Automotive (NYSE: GPI) has announced a cash dividend of $0.31 per share for Q4 2020, marking a 3.3% increase from the previous quarter. This dividend will be payable on March 15, 2021, to stockholders of record by March 1, 2021. The company operates 182 automotive dealerships and 236 franchises across the US, UK, and Brazil, offering multiple automotive services.
Group 1 Automotive, Inc. (GPI) reported strong financial results for Q4 and full year 2020, with Q4 net income per diluted share rising 111.2% to $5.43. Adjusted net income per diluted share also increased by 88% to $5.66. Full year net income grew 66% to $15.51 per share. However, total revenue decreased by 9.9% year-over-year to $10.9 billion. Notable liquidity improvements were achieved, with total cash liquidity at $263.7 million and a borrowing capacity of $284.2 million, totaling $547.9 million. The company’s focus on cost discipline improved operational performance despite pandemic challenges.
Group 1 Automotive, Inc. (NYSE: GPI) will announce its financial results for the fourth quarter and full year ending December 31, 2020, on February 4, 2021, before market open. A conference call led by CEO Earl J. Hesterberg and senior management will follow at 10 a.m. ET. Interested parties can listen live via the company's website and a replay will be available for 30 days. Group 1 operates 185 automotive dealerships, 241 franchises, and 49 collision centers across the US, UK, and Brazil, supporting 31 automobile brands.
Group 1 Automotive, Inc. (NYSE: GPI) announced its participation in the Stephens Annual Investment Conference on November 19, 2020, at 3:00 p.m. E.T. Senior management will present virtually at the event. Investors can access presentation materials on the Company's website. Group 1 operates 185 automotive dealerships, offering 31 brands of vehicles across the U.S., U.K., and Brazil, along with related financial services and automotive maintenance.
