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 cash dividend of $0.34 per share for Q2 2021, marking a 3.0% increase from the previous quarter. The dividend is payable on September 15, 2021, to stockholders on record by September 1, 2021. This decision reflects the company's commitment to returning value to shareholders amidst a competitive automotive retail environment.
Group 1 Automotive (NYSE: GPI) reported record second-quarter 2021 results, with net income per diluted share reaching $10.35, a 533.9% increase from Q2 2020. Total revenues surged 73.6% to $3.7 billion, driven by strong vehicle sales despite supply disruptions. Adjusted net income also saw a significant rise to $10.31 per diluted share, reflecting solid growth in both new and used vehicle sales, along with improvements in gross profit. The company continues to expand, acquiring franchises and expecting substantial incremental revenues in the upcoming years.
Group 1 Automotive, Inc. (GPI) announced the upcoming release of its second quarter 2021 earnings results on July 29, 2021, before market open. The company's president, Earl J. Hesterberg, and senior management will discuss the results during a conference call at 10 a.m. ET. The call will be available via live webcast and phone access. A replay will be provided for 30 days following the event. Group 1 operates 188 automotive dealerships and various related services across the US, UK, and Brazil, offering a broad range of automobile brands.
Group 1 Automotive (GPI) announced preliminary earnings estimates for Q2 2021, projecting earnings per share between $10.20 and $10.70. This performance is attributed to strong vehicle margins, recovery in the UK market, and significant cost control measures. U.S. new vehicle inventories ended at approximately 5,400 units, and the company reported a 61% increase in consolidated retail unit sales compared to Q2 2020. Group 1 expects continued improvement, with visibility on inventory levels remaining limited. Full Q2 earnings will be released on July 29, 2021.
Group 1 Automotive (NYSE: GPI) announced its acquisition of nine dealerships in East Anglia, U.K., enhancing its relationship with the Volkswagen Group. The acquisition includes dealerships for major brands such as Audi and Citroen, expected to generate $300M in annual revenue. This expansion increases Group 1's U.K. footprint to 55 locations with 75 franchises across 14 brands. CEO Earl Hesterberg expressed confidence in the growth potential from this acquisition.
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.
FAQ
What is the current stock price of Group 1 Automotive (GPI)?
What is the market cap of Group 1 Automotive (GPI)?
