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.
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Group 1 Automotive, Inc. (NYSE: GPI) has declared a cash dividend of $0.30 per share for the third quarter of 2020. This dividend is scheduled for payment on December 15, 2020, to stockholders who are on record as of December 1, 2020. The company operates 185 automotive dealerships across the U.S., U.K., and Brazil, offering various brands of automobiles and related services.
Group 1 Automotive (GPI) reported strong Q3 2020 results, with net income of $126.4 million ($6.83 EPS) versus $2.04 EPS in 2019. Adjusted net income was $129 million ($6.97 EPS), reflecting significant operational efficiency and cost management during the pandemic. Total revenue was $3 billion, a 2.5% decrease year-over-year. Gross profit increased 10% to $512 million. Liquidity improved to $466 million, with debt restructuring saving $15 million annually. The company plans to reinstate dividends and has a $200 million share repurchase program.
Group 1 Automotive, Inc. (NYSE: GPI) has scheduled the release of its third-quarter financial results for September 30, 2020, on October 29, 2020, before market open. A conference call with the management team, including CEO Earl J. Hesterberg, will occur at 10 a.m. ET on the same day. The call will be available live on their website and can be accessed by phone. A replay will be available until November 6, 2020.
Group 1 operates 186 dealerships and 242 franchises across the U.S., U.K., and Brazil, offering a range of automotive services.
Group 1 Automotive (GPI) reported preliminary Q3 2020 results, indicating diluted earnings per share between $6.25 and $6.65, a substantial increase of 206% to 226% year-over-year. Adjusted earnings per share range from $6.40 to $6.80. The company attributes this growth to strong vehicle gross margins and reduced SG&A expenses. Group 1 also announced a $200 million share repurchase authorization and plans to reinstate its quarterly cash dividend. The results are preliminary and may change pending the quarter-end review.
Group 1 Automotive (NYSE: GPI) will present at the Morgan Stanley Virtual 8th Annual Laguna Conference on September 17, 2020, starting at 12:00 p.m. E.T. The presentation materials will be available online for investors. Group 1 operates 186 automotive dealerships and 49 collision centers across the U.S., U.K., and Brazil, offering 31 automobile brands. They provide services such as new and used car sales, financing, service contracts, and maintenance.
Group 1 Automotive, Inc. (NYSE: GPI) has completed the redemption of its 5.000% senior notes due 2022, funded by a $550 million offering of 4.000% senior notes due 2028 and cash reserves. This strategic move is expected to reduce annual interest expenses by approximately $5.5 million. The refinancing extends the debt maturity to 2028, demonstrating the company’s commitment to financial prudence. Group 1 operates 186 dealerships and is a leader in the automotive retail sector across the U.S., U.K., and Brazil.
Group 1 Automotive (NYSE: GPI) will present at the virtual 2020 J.P. Morgan Auto Conference on August 11, 2020, at 2:20 p.m. E.T. Senior management will share insights as the company operates 186 dealerships and 242 franchises globally, offering a diverse range of vehicle services. A softcopy of the presentation will be available on the company’s website post-conference. Group 1 is recognized as a leading automotive retailer, providing new and used cars, financing options, and repair services across the U.S., U.K., and Brazil.
Group 1 Automotive (NYSE: GPI) announced a private placement of $550 million in 4.000% senior unsecured notes due 2028, set to close on August 17, 2020. The proceeds will be used to redeem all outstanding 5.000% senior notes due 2022 and cover related expenses. The redemption of these notes is expected on September 2, 2020, at par value. The notes are offered to qualified institutional buyers and non-U.S. persons, exempt from registration requirements.
Group 1 Automotive, Inc. (NYSE: GPI) plans to offer $550 million in senior unsecured notes due 2028, subject to market conditions. The proceeds will be used to redeem existing 5.000% Senior Notes due 2022, along with related expenses. The offering is targeting qualified institutional buyers and non-U.S. persons, exempt from registration under securities laws. Group 1 operates 186 automotive dealerships and provides vehicle sales, financing, and maintenance services across the U.S., UK, and Brazil.
Group 1 Automotive (GPI) reported Q2 2020 net income of $30.2 million and diluted EPS of $1.63, despite a 29.1% decline in total revenue to $2.1 billion. Adjusted net income was $69.6 million, or $3.77 per diluted share, excluding significant non-cash impairments and other costs totaling $39.4 million. The U.S. market saw a recovery post-COVID shutdowns, contributing 85.9% of total revenues. While new vehicle sales dropped 32.1%, margins improved, particularly in finance and insurance. The company is cautiously optimistic about its operational efficiency moving forward.
