Cybersecurity Incident Impact - The cybersecurity incident experienced by CDK Global LLC has disrupted Group 1 Automotive's business applications and processes in its U.S. operations that rely on CDK's dealers' systems [5] - Group 1 immediately activated its cyber incident response procedures and took measures to protect and isolate its systems from CDK's platform [1] - All Group 1 U.S. dealerships continue to conduct business using alternative processes until CDK's systems are restored [1] - Group 1's U.K. dealerships are not impacted by the CDK service outage as they do not use CDK's systems [1] Company Overview - Group 1 Automotive, Inc. is a Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K. [5] - The company owns and operates 202 automotive dealerships, 264 franchises, and 42 collision centers offering 35 brands of automobiles [9] - Through its dealerships and omni-channel platform, Group 1 sells new and used cars and light trucks, arranges vehicle financing, sells service and insurance contracts, provides maintenance and repair services, and sells vehicle parts [9] Response and Monitoring - Group 1's associates are focused on delivering the best possible customer experience during the outage [6] - The company is closely monitoring the situation and will take additional action if necessary [8] - CDK has advised that the restoration of the dealer management system will require several days, not weeks, but the timing for other impacted applications remains unclear [8] Additional Information - Group 1 discloses additional information about the company, its business, and its results of operations on its websites and social media platforms [7]

Group 1 reported first-quarter 2024 adjusted earnings per share (EPS) of $9.49, missing the Zacks Consensus Estimate of $9.52 and falling 13.2% year over year. The automotive retailer registered net sales of $4.5 billion, beating the Zacks Consensus Estimate of $4.3 billion. Also, the top line rose from the year-ago quarter's $4.13 billion. Quarter Highlights New vehicle retail sales increased 11.6% from the prior-year quarter to $2.18 billion and exceeded our projection of $1.98 billion on the back of high ...

HOUSTON, May 9, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced its board of directors approved a new share repurchase authorization of $250 million, and also declared a quarterly dividend.  Share Repurchase Authorization IncreaseThe Company announced that its board of directors increased the Company's common share repurchase authorization by $161 million to $250 mill ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

HOUSTON, April 30, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability. Lenders in the syndicated facility include six manufacturer-affiliated finance c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13461 Group 1 Automotive, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0506313 (State of other jurisdiction of in ...

Group 1 Automotive (GPI) reported first-quarter 2024 adjusted earnings per share (EPS) of $9.49, missing the Zacks Consensus Estimate of $9.52 and falling 13.2% year over year. The automotive retailer registered net sales of $4.5 billion, beating the Zacks Consensus Estimate of $4.3 billion. Also, the top line rose from the year-ago quarter’s $4.13 billion.Quarter HighlightsNew vehicle retail sales increased 11.6% from the prior-year quarter to $2.18 billion and exceeded our projection of $1.98 billion on t ...

Group 1 Automotive, Inc. (NYSE:GPI) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Pete DeLongchamps - SVP of Manufacturer Relations, Financial Services and Public Affairs Daryl Kenningham - President and CEO Daniel McHenry - SVP and CFO Conference Call Participants John Murphy - Bank of America Michael Ward - Freedom Capital David Whiston - Morningstar Rajat Gupta - JPMorgan Glenn Chin - Seaport Research Partners Operator Good morning, ladies and gentlemen. Welcome to Group ...

Group 1 Automotive (GPI) reported $4.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.2%. EPS of $9.49 for the same period compares to $10.93 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.3 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of -0.32%, with the consensus EPS estimate being $9.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Group 1 Automotive (GPI) came out with quarterly earnings of $9.49 per share, missing the Zacks Consensus Estimate of $9.52 per share. This compares to earnings of $10.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.32%. A quarter ago, it was expected that this auto dealer would post earnings of $10.49 per share when it actually produced earnings of $9.50, delivering a surprise of -9.44%.Over the last four quarters, the ...