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Group 1 Automotive, Inc. - GPI STOCK NEWS

Welcome to our dedicated news page for Group 1 Automotive (Ticker: GPI), a resource for investors and traders seeking the latest updates and insights on Group 1 Automotive.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Group 1 Automotive's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Group 1 Automotive's position in the market.

Rhea-AI Summary
Kerrigan Advisors facilitated the sale of RRR Automotive Group's five new car dealerships to Group 1 Automotive, expanding the latter's presence in the Washington-Baltimore region. This marks Kerrigan Advisors' 50th franchise sale in the Mid-Atlantic since 2020, solidifying its position as a leading dealership sell-side advisor. The transaction underscores the strong demand for top import franchises in economically vibrant markets, showcasing the continued attractiveness of auto dealerships as retail investments despite industry challenges. The deal reflects the growing trend of consolidators reinvesting profits into acquisitions, particularly in thriving economies like the Baltimore-Washington metro area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
none
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Rhea-AI Summary
Group 1 Automotive, Inc. (NYSE: GPI) expands its U.S. portfolio in the Baltimore/Washington DC market with the acquisition of Toyota, Honda, Hyundai, and Kia dealerships, expecting annual revenues of over $500 million. The company also increases its 2024 annual dividend rate by 4% to $1.88 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
acquisition
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Rhea-AI Summary
Group 1 Automotive, Inc. (NYSE: GPI) reported full year revenues of $17.9 billion, a 10.2% increase over the prior year. The current quarter saw a 14.8% increase in new vehicle units sold and a record new vehicle revenue of $2.3 billion. However, net income from continuing operations decreased by 30.6% compared to the prior year quarter. The U.K. operations experienced challenges with used vehicles, leading to a 10% reduction in headcount. The full year 2023 results showed a 20.2% decrease in net income from continuing operations compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.87%
Tags
earnings
Rhea-AI Summary
Group 1 Automotive, Inc. (GPI) will release financial results for the fourth quarter and full year ended December 31, 2023, on January 31, 2024. The conference call to discuss the results will be hosted by Daryl Kenningham, Group 1's president, and CEO, along with the senior management team. The call will be simulcast live on the internet and a webcast replay will be available for 30 days. The company's presentation will also be accessible online. Investors and traders can access the call through dial-in or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
earnings
-
Rhea-AI Summary
Group 1 Automotive, Inc. (NYSE: GPI) appoints Shelley Washburn as Vice President, Marketing and Chief Marketing Officer, bringing over 30 years of automotive marketing and retail experience. Washburn's diverse background includes positions at Ford Motor Company, Gulf State Toyota, and MSX International, as well as serving on the board of the Texas Department of Motor Vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.01%
Tags
management
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Rhea-AI Summary
Group 1 Automotive, Inc. (NYSE: GPI) Announces 20% Increase in Quarterly Dividend and Share Repurchase Update
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.14%
Tags
buyback dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
Tags
earnings
-
Rhea-AI Summary
Group 1 Automotive to release Q3 2023 financial results on October 25, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
none
Rhea-AI Summary
Group 1 Automotive increases stock repurchase authorization by $153.7 million and declares quarterly dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
buyback dividends
Group 1 Automotive, Inc.

NYSE:GPI

GPI Rankings

GPI Stock Data

3.58B
12.84M
3.81%
104.28%
15.42%
New Car Dealers
Retail Trade
Link
US
Houston

About GPI

group one corp is an insurance company located in 1536 i st, bedford, indiana, united states.