Workflow
Group 1 Automotive(GPI)
icon
Search documents
Group 1 Automotive Announces the Acquisition of Soper of Lincoln BMW/MINI in the U.K.
Prnewswire· 2024-10-01 10:27
2024 YTD Acquired Revenues total $3.9 Billion HOUSTON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire. This acquisition is expected to generate approximately $125 million in annual revenues. Group 1's Chief Executive Offi ...
Group 1 Automotive Appoints Mark Raban as CEO of U.K. Operations
Prnewswire· 2024-10-01 05:01
HOUSTON and LONDON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., announced the appointment of Mark Raban as Chief Executive Officer ("CEO") of Group 1 Automotive U.K. Raban brings more than 20 years of executive experience in automotive retail operations and finance to Group 1. In this new role, he will oversee the integration of the recently acquired Inchcape dealerships t ...
Why Is Group 1 Automotive (GPI) Up 5.7% Since Last Earnings Report?
ZACKS· 2024-08-23 16:38
It has been about a month since the last earnings report for Group 1 Automotive (GPI) . Shares have added about 5.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Group 1 Automotive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Group 1 Q2 Earnings Beat Expect ...
Group 1 Automotive Board Declares Quarterly Dividend
Prnewswire· 2024-08-08 20:16
HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors declared a quarterly dividend of $0.47 per share. The dividend is consistent with the Company's previously announced increase of 4% in its annualized dividend rate from $1.80 per share in 2023 to $1.88 per share in 2024. The dividend is payable on September 16, 2024 to stockholders ...
Group 1 Automotive Announces Closing on Inchcape Retail Automotive Operations
Prnewswire· 2024-08-01 06:00
HOUSTON, Aug. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that the Company has closed on the acquisition of Inchcape Retail ("IR") automotive operations with 54 dealership locations across the U.K. These dealerships are expected to generate $2.7 billion in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $3.8 billion. "This trans ...
Group 1 (GPI) Q2 Earnings Beat Expectations, Decline Y/Y
ZACKS· 2024-07-26 15:20
Quarter Highlights Used-vehicle retail sales rose 0.2% from the year-ago period to $1.45 billion but missed our forecast of $1.47 billion. Total retail used vehicles sold were 49,260 units, up 5.3% year over year, exceeding our expectation of 47,621 units. The average selling price per unit came in at $29,501, down 4.9% year over year. The gross profit from the unit was $80.7 million, rising 2.4% year over year. Segments in Detail In the second quarter, revenues rose 2.1% year over year to $775.2 million fo ...
Group 1 Automotive(GPI) - 2024 Q2 - Quarterly Results
2024-07-25 11:39
Offering Memorandum Excerpts We currently expect to fund the Inchcape Acquisition with a combination of borrowings under the Acquisition Line of our Revolving Credit Facility and cash on hand. • represented 7% of our operating income; and • represented 19% of our total assets; and *** EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted free cash flow, adjusted net cash flows provided by operating activities, adjusted net cash flows used in investing activities, adjusted n ...
Group 1 Automotive Announces $500.0 Million Offering of Senior Notes
Prnewswire· 2024-07-25 11:23
HOUSTON, July 25, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer, today announced that, subject to market conditions, it intends to offer for sale $500.0 million in aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Company expects to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes. The Notes to be offered have not been, and ...
Group 1 Automotive(GPI) - 2024 Q2 - Quarterly Report
2024-07-24 21:17
Use of Estimates The preparation of the Company's financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the balance sheet date and the amounts of revenues and expenses recognized during the reporting period. Management analyzes the Company's estimates based on historical experience and other assumptions that ...
Group 1 Automotive(GPI) - 2024 Q2 - Earnings Call Transcript
2024-07-24 18:16
Group 1 Automotive, Inc. (NYSE:GPI) Q2 2024 Earnings Call July 24, 2024 10:00 AM ET Company Participants Pete DeLongchamps - Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs Daryl Kenningham - President and Chief Executive Officer Daniel McHenry - Senior Vice President and Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan John Murphy - Bank of America David Whiston - Morningstar Michael Ward - Freedom Capital Ron Jewsikow - Guggenheim Securities ...