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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.

News
Group 1 Automotive Agrees to Acquire Inchcape U.K. Dealerships
Rhea-AI Summary
Group 1 Automotive, Inc. (GPI) has agreed to acquire Inchcape U.K. dealerships for approximately $439 million, expanding its presence in the U.K. market. The deal includes 54 dealership locations generating $2.7 billion in annual revenues. The transaction is expected to close in the third quarter of 2024, subject to regulatory approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
acquisition
-
News
Group 1 Automotive Schedules Release of First Quarter 2024 Financial Results
Rhea-AI Summary
Group 1 Automotive, Inc. (NYSE: GPI) to release financial results for the first quarter of 2024 on April 24, 2024. Conference call hosted by CEO Daryl Kenningham to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
earnings
-
News
Group 1 Automotive Acquires Modern Classic Motors in Hilton Head, South Carolina
Rhea-AI Summary
Group 1 Automotive, Inc. (NYSE: GPI) acquires Modern Classic Motors in Hilton Head, South Carolina, expanding its relationship with Mercedes-Benz and Honda. The acquisition is expected to generate $140 million in annual revenues, adding to the company's acquired revenues of $1.0 billion in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.25%
Tags
acquisition
News
Group 1 Automotive Acquires Two High Volume Lexus Dealerships in Southern California
Rhea-AI Summary
Group 1 Automotive, Inc. (GPI) announces the acquisition of Newport Lexus and Tustin Lexus dealerships in California, expected to generate $350 million in annual revenues. Year-to-date acquired revenues for 2024 total $850 million. The company also provides a share repurchase update, having repurchased 174,964 shares at an average price of $264.88, totaling $46.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
acquisition
-
News
Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive
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
-
News
Group 1 Automotive Acquires RRR Automotive Group
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
News
Group 1 Automotive Reports Fourth Quarter and Full Year 2023 Financial Results
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
-
News
Group 1 Automotive Schedules Release of Fourth Quarter and Full Year 2023 Financial Results
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
-
News
Group 1 Automotive Appoints New Chief Marketing Officer
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
News
Group 1 Automotive Board Declares Quarterly Dividend and the Company Provides Share Repurchase Update
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
Stock GPI logo
Group 1 Automotive, Inc.

NYSE:GPI

GPI Rankings

#1395 Ranked by Market Cap
#474 Ranked by Stock Gains
#1933 Ranked by Dividends

GPI Stock Data

3.64B
13.05M
2.49%
106.15%
15.96%
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.