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Group 1 Automotive Inc - GPI STOCK NEWS

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. (NYSE: GPI) is a leading automotive retailer that operates 203 dealerships, 265 franchises, and 43 collision centers in the United States and the United Kingdom. The company offers a wide range of automobile brands, including premium luxury and mainstream vehicles, and is headquartered in Houston, Texas. Since its foundation in 1995, the company has grown significantly, particularly through strategic acquisitions and efficient integration of new dealerships.

In 2023, Group 1 reported record revenues of $17.9 billion, driven by strong performance across all lines of business. Notably, Texas alone contributed 38% of the new-vehicle unit volume. The company's U.K. operations also performed well, generating $3.1 billion in revenue. In a significant development, Group 1 plans to close the acquisition of Inchcape UK's retail business in the third quarter of 2024, adding approximately $3 billion in revenue and increasing the company's total store count to over 250.

Group 1's operations encompass new and used car sales, vehicle financing, service contracts, automotive maintenance, repair services, and parts sales. The company has recently completed numerous acquisitions, including high-performing dealerships in Maryland, California, and the greater Washington, DC area, expected to generate hundreds of millions in annual revenues.

Despite challenges such as declining margins in new vehicle sales and increased SG&A expenses, the company continues to execute its growth strategy effectively. In the first quarter of 2024, Group 1 reported revenues of $4.5 billion and net income from continuing operations of $147.4 million. The company also announced a $500 million upsize in its revolving syndicated credit facility to $2.5 billion, ensuring ample liquidity for future growth.

Group 1 is proactive in shareholder returns, having repurchased significant shares and increased its annual dividend rate. The company maintains robust relationships with major automobile manufacturers and financial institutions, which support its expansive financing capabilities and acquisition strategies.

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Group 1 Automotive, Inc. (NYSE: GPI) Announces 20% Increase in Quarterly Dividend and Share Repurchase Update
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Group 1 Automotive reports record quarterly revenues of $4.7 billion, a 13.0% increase over the prior year. Parts and Service revenues reach all-time high for 10th consecutive quarter, a 10.0% increase. Current quarter diluted earnings per common share from continuing operations of $11.67 and record current quarter adjusted diluted earnings per common share from continuing operations of $12.07.
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Group 1 Automotive to release Q3 2023 financial results on October 25, 2023
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Group 1 Automotive Inc. (NYSE: GPI) expands Alabama footprint with Tameron Gulf Coast acquisition of Nissan of Mobile, aiming to leverage its name and brand along the growing Gulf Coast. The transaction demonstrates the ongoing strength of the dealership buy-sell market, with Presidio facilitating the deal.
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Group 1 Automotive increases stock repurchase authorization by $153.7 million and declares quarterly dividend
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Group 1 Automotive, Inc. (NYSE: GPI) reported record financial results for the second quarter of 2023, with total revenues of $4.6 billion and all-time quarterly record new vehicle revenues. The company also saw a 21.2% increase in new vehicle revenues and an 11.8% increase in parts and service revenues compared to the prior year period. Despite a decrease in net income and diluted earnings per common share, the company's acquisition of new dealerships is expected to generate significant annual revenues.
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FAQ

What is the current stock price of Group 1 Automotive (GPI)?

The current stock price of Group 1 Automotive (GPI) is $454.33 as of February 27, 2025.

What is the market cap of Group 1 Automotive (GPI)?

The market cap of Group 1 Automotive (GPI) is approximately 6.1B.

What does Group 1 Automotive, Inc. do?

Group 1 Automotive, Inc. is a leading automotive retailer that sells new and used cars, offers vehicle financing, service contracts, maintenance and repair services, and parts sales.

Where is Group 1 Automotive, Inc. headquartered?

Group 1 Automotive, Inc. is headquartered in Houston, Texas, United States.

How many dealerships does Group 1 Automotive, Inc. operate?

As of 2024, Group 1 Automotive, Inc. operates 203 dealerships and 265 franchises across the United States and the United Kingdom.

What was Group 1 Automotive, Inc.'s revenue in 2023?

Group 1 Automotive, Inc. reported revenues of $17.9 billion in 2023, the highest in the company's history.

What brands does Group 1 Automotive, Inc. offer?

Group 1 Automotive, Inc. offers 35 brands of automobiles, including both luxury and mainstream vehicles.

What are some recent acquisitions by Group 1 Automotive, Inc.?

Recent acquisitions by Group 1 include dealerships in Maryland, California, and the greater Washington, DC area, as well as the impending acquisition of Inchcape UK's retail business.

What is the significance of the Inchcape UK acquisition?

The Inchcape UK acquisition is expected to add about $3 billion in revenue and increase Group 1's total store count to over 250, significantly boosting its presence in the UK market.

How is Group 1 Automotive, Inc. performing in the UK market?

Group 1's UK operations delivered record revenues of $3.1 billion in 2023, with strong performance across all lines of service.

What financial strategies does Group 1 Automotive, Inc. employ?

Group 1 employs strategies such as share repurchases, dividend increases, and expansion of its revolving credit facility to support growth and shareholder returns.

Where can I find more information about Group 1 Automotive, Inc.?

More information about Group 1 Automotive, Inc. can be found on their official websites: www.group1auto.com, www.group1collision.com, and their social media pages.
Group 1 Automotive Inc

NYSE:GPI

GPI Rankings

GPI Stock Data

6.10B
12.66M
2.22%
106.87%
11.76%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
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United States
HOUSTON