Bank of America (NYSE: BAC) reports 5.2% stake in Group 1 Automotive (GPI)

Rhea-AI Filing Summary

Bank of America Corp filed Amendment No. 2 to a Schedule 13G/A reporting beneficial ownership of 614,811 shares of Group 1 Automotive Inc, equal to 5.2% of the class. The filing cites February 6, 2026 share totals of 11,925,199 outstanding shares for the percentage calculation.

The statement shows shared voting power of 572,459 shares and shared dispositive power of 603,870, and is filed on behalf of Bank of America Corporation and specified wholly owned subsidiaries. The filing is signed by an authorized signatory on May 14, 2026.

Insights

Institutional Ownership Analyst

Files show a sizeable passive stake held collectively by Bank of America entities.

Bank of America reports 614,811 shares representing 5.2% of the class using an February 6, 2026 outstanding base of 11,925,199 shares. The position is presented as shared voting and dispositive power across multiple subsidiaries.

Implications depend on whether holdings are passive or managed: the filing is an amended Schedule 13G/A, which typically indicates investment intent, not active control; subsequent filings would clarify any change in status.

Corporate Governance Specialist

Amendment attributes voting/dispositive powers to multiple Bank of America entities.

The schedule lists shared voting power 572,459 and shared dispositive power 603,870, and specifically names subsidiaries including BofA Securities, Bank of America N.A., Merrill Lynch entities, and U.S. Trust Co. of Delaware.

These allocations matter for proxy and engagement tracking; follow-up filings or disclosures would show any shifts in classification or changes in aggregate control.

Key Figures

Beneficial ownership: 614,811 shares Percent of class: 5.2% Shared voting power: 572,459 shares +2 more

5 metrics

Beneficial ownership 614,811 shares reported beneficially owned

Percent of class 5.2% percent of class using 11,925,199 outstanding shares

Shared voting power 572,459 shares shared power to vote or direct the vote

Shared dispositive power 603,870 shares shared power to dispose or direct disposition

Outstanding shares (basis) 11,925,199 shares outstanding shares as of February 6, 2026

Key Terms

Schedule 13G/A, Beneficial ownership, Shared dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 2 to a Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 614,811.00 (b) Percent of class: 5.2%"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power financial

"Shared power to dispose or to direct the disposition of: 603,870.00"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

GROUP 1 AUTOMOTIVE INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

398905109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 398905109

1

Names of Reporting Persons

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 572,459.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 603,870.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

614,811.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 11,925,199 outstanding shares disclosed in the Form 10-K by the issuer on February 13, 2026, which reports share totals as of February 6, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GROUP 1 AUTOMOTIVE INC
(b)	Address of issuer's principal executive offices: 730 TOWN & COUNTRY BOULEVARD, SUITE 500, HOUSTON, TEXAS, 77024.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 398905109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 614,811.00
(b)	Percent of class: 5.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 572,459.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 603,870.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); Merrill Lynch International, a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J); Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); and U.S. Trust Co of Delaware, a corporation which holding does not exceed one percent of the reported securities.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	05/14/2026

FAQ

What stake does Bank of America report in GPI?

Bank of America reports beneficial ownership of 614,811 shares, representing 5.2% of Group 1 Automotive (GPI) based on February 6, 2026 outstanding shares of 11,925,199.

How much voting power does Bank of America list for GPI?

The filing lists shared voting power of 572,459 shares and shared dispositive power of 603,870 shares, allocated across Bank of America and specified subsidiaries.

Which Bank of America entities are named in the Schedule 13G/A for GPI?

The amendment is filed on behalf of Bank of America Corporation and wholly owned subsidiaries including BofA Securities, Inc., Bank of America N.A., Merrill Lynch International, Merrill Lynch Pierce Fenner & Smith, Inc., and U.S. Trust Co of Delaware.

What outstanding share count is used to calculate the 5.2% for GPI?

The beneficial ownership percentage is calculated using 11,925,199 outstanding shares, disclosed in the issuer's Form 10-K as of February 6, 2026.