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) has announced the appointment of Steven C. Mizell to its Board of Directors, expanding the board to ten members. Mizell brings extensive human resources experience from his roles at Merck & Co., Monsanto, and Westinghouse. His expertise includes talent acquisition, development, and diversity initiatives. The Company’s Chairman and CEO expressed confidence in Mizell's ability to contribute to Group 1's growth strategy, leveraging his background in transactional businesses and M&A environments.
Group 1 Automotive (NYSE: GPI) has announced a cash dividend of $0.31 per share for Q4 2020, marking a 3.3% increase from the previous quarter. This dividend will be payable on March 15, 2021, to stockholders of record by March 1, 2021. The company operates 182 automotive dealerships and 236 franchises across the US, UK, and Brazil, offering multiple automotive services.
Group 1 Automotive, Inc. (GPI) reported strong financial results for Q4 and full year 2020, with Q4 net income per diluted share rising 111.2% to $5.43. Adjusted net income per diluted share also increased by 88% to $5.66. Full year net income grew 66% to $15.51 per share. However, total revenue decreased by 9.9% year-over-year to $10.9 billion. Notable liquidity improvements were achieved, with total cash liquidity at $263.7 million and a borrowing capacity of $284.2 million, totaling $547.9 million. The company’s focus on cost discipline improved operational performance despite pandemic challenges.
Group 1 Automotive, Inc. (NYSE: GPI) will announce its financial results for the fourth quarter and full year ending December 31, 2020, on February 4, 2021, before market open. A conference call led by CEO Earl J. Hesterberg and senior management will follow at 10 a.m. ET. Interested parties can listen live via the company's website and a replay will be available for 30 days. Group 1 operates 185 automotive dealerships, 241 franchises, and 49 collision centers across the US, UK, and Brazil, supporting 31 automobile brands.
Group 1 Automotive, Inc. (NYSE: GPI) announced its participation in the Stephens Annual Investment Conference on November 19, 2020, at 3:00 p.m. E.T. Senior management will present virtually at the event. Investors can access presentation materials on the Company's website. Group 1 operates 185 automotive dealerships, offering 31 brands of vehicles across the U.S., U.K., and Brazil, along with related financial services and automotive maintenance.
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.
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