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Group 1 Automotive Inc (GPI.N)

GPI.N on New York Stock Exchange

70.90USD
21 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Group 1 Automotive Says Q1 Earnings Will Be Negatively Affected By Weak Market Conditions
Monday, 19 Mar 2018 04:07pm EDT 

March 19 (Reuters) - Group 1 Automotive Inc ::GROUP 1 ANNOUNCES MARKET CONDITIONS AND COSTS ASSOCIATED WITH STRATEGIC INITIATIVES WILL NEGATIVELY IMPACT FIRST QUARTER RESULTS.GROUP 1 AUTOMOTIVE INC - Q1 EARNINGS WILL BE NEGATIVELY AFFECTED BY WEAK MARKET CONDITIONS, INCLUDING PRESSURE ON USED CAR MARGINS.GROUP 1 AUTOMOTIVE - BASED ON A STRATEGIC REVIEW, REAFFIRMED THAT USED VEHICLE AND AFTERSALES SEGMENTS ARE KEY ELEMENTS OF OUR BUSINESS MODEL.GROUP 1 - PEAK IN NEW VEHICLE MARKET IN U.S. & U.K. AND MORE NEARLY-NEW, OFF-LEASE USED VEHICLES INTO THESE MARKETS PRESSURING CO'S MARGINS.GROUP 1 AUTOMOTIVE INC - "WE HAVE MADE THE CONSCIOUS DECISION TO MAKE SOME SIGNIFICANT UPFRONT INVESTMENTS TO SUPPORT OUR LONG-TERM STRATEGIES".GROUP 1 AUTOMOTIVE - SIGNIFICANTLY ENHANCED USED VEHICLE COMPENSATION STRUCTURE & OPPORTUNITIES FOR ITS SALES ASSOCIATES.GROUP 1 - ESTIMATE TOTAL COST OF STRATEGIC INITIATIVES WILL ADD ABOUT $3 MILLION TO COSTS IN EACH OF Q1 AND Q2 OF 2018.  Full Article

Group 1 Automotive Sets Quarterly Cash Dividend Of $0.26 Per Share
Thursday, 15 Feb 2018 07:07am EST 

Feb 15 (Reuters) - Group 1 Automotive Inc ::INCREASES QUARTERLY CASH DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.26PER SHARE.‍NEW Q4 2017 DIVIDEND REPRESENTS AN INCREASE OF 4.0 PERCENT, OR $0.01 PER SHARE FROM Q3 OF 2017​.  Full Article

Group 1 Automotive Posts Q4 ‍Adj. Earnings Per Share $2.11​
Thursday, 8 Feb 2018 07:07am EST 

Feb 8 (Reuters) - Group 1 Automotive Inc ::GROUP 1 AUTOMOTIVE REPORTS RECORD FOURTH QUARTER & FULL YEAR 2017 FINANCIAL RESULTS.QTRLY ‍DILUTED EARNINGS PER COMMON SHARE OF $5.27​.QTRLY ‍ADJ EARNINGS PER SHARE $2.11​.QTRLY ‍TOTAL REVENUE GREW 9.2 PERCENT TO $2.9 BILLION​.Q4 EARNINGS PER SHARE VIEW $1.90, REVENUE VIEW $2.85 BILLION -- THOMSON REUTERS I/B/E/S.‍DURING 2017, CO ACQUIRED TOTAL OF 20 FRANCHISES, WHICH ARE EXPECTED TO GENERATE AN ESTIMATED $490 MILLION IN ANNUAL REVENUES​.QTRLY NEW VEHICLE RETAIL SALES $1.66 BILLION, UP 10.2 PERCENT.QTRLY USED VEHICLE RETAIL SALES $709.1 MILLION, UP 8.9 PERCENT.‍Q4 OF 2017 INCLUDED ABOUT $73.0 MILLION AFTER-TAX, OR $3.48 PER SHARE​ BENEFIT DUE TO TAX LAW.TAX RATE UNDER NEW LAW WILL ‍IMPROVE ANNUAL CASH FLOW BY ABOUT $20 MILLION​.  Full Article

Group 1 Automotive Says ‍Opens Land Rover Franchise In Watford Franchise Expected To Generate Additional Estimated $35 Mln In Annualized Revenues ​
Monday, 8 Jan 2018 05:25pm EST 

Jan 8 (Reuters) - Group 1 Automotive Inc ::GROUP 1 AUTOMOTIVE - ‍OPENS LAND ROVER FRANCHISE IN WATFORD; FRANCHISE EXPECTED TO GENERATE ADDITIONAL ESTIMATED $35 MILLION IN ANNUALIZED REVENUES ​.  Full Article

Group 1 Automotive increases quarterly cash dividend
Thursday, 9 Nov 2017 07:07am EST 

Nov 9 (Reuters) - Group 1 Automotive Inc :Group 1 Automotive increases quarterly cash dividend.Sets quarterly cash dividend of $0.25per share.Group 1 Automotive Inc - ‍New dividend represents an increase of 4.2 percent, or $0.01 per share, from Q2 of 2017​.  Full Article

Group 1 Automotive Q3 earnings per share $1.43
Thursday, 26 Oct 2017 07:07am EDT 

Oct 26 (Reuters) - Group 1 Automotive Inc :Group 1 Automotive reports third quarter 2017 financial results.Q3 adjusted non-gaap earnings per share $2.23.Q3 earnings per share $1.43.Group 1 Automotive Inc - ‍q3 2017 adjusted net income and diluted earnings per share exclude approximately $16.8 million of net, after-tax adjustments​.Q3 revenue rose 6.7 percent to $3.0 billion.Group 1 Automotive - q3 ‍adjustments primarily consist of costs directly associated with hurricane harvey of about $9.0 million after-tax, or $0.44 per share​.Q3 earnings per share view $1.76, revenue view $2.80 billion -- Thomson Reuters I/B/E/S.  Full Article

Group 1 Automotive sets quarterly cash dividend of $0.24 per share
Wednesday, 16 Aug 2017 08:44am EDT 

Aug 16 (Reuters) - Group 1 Automotive Inc :Sets quarterly cash dividend of $0.24 per share.  Full Article

Group 1 Automotive ‍acquires AUDI dealership in Fort Worth, Texas
Tuesday, 15 Aug 2017 07:07am EDT 

Aug 15 (Reuters) - Group 1 Automotive Inc :Group 1 Automotive acquires AUDI dealership in Fort Worth, Texas.Group 1 Automotive Inc - Acquired exclusive AUDI dealership in Fort Worth, Texas, which is expected to generate $55 million in estimated annual revenues​.  Full Article

Group 1 Automotive qtrly adjusted EPS of $1.87​
Thursday, 27 Jul 2017 07:07am EDT 

July 27 (Reuters) - Group 1 Automotive Inc :Group 1 automotive reports second quarter 2017 financial results.Group 1 automotive inc - qtrly ‍diluted earnings per common share of $1.84​.Group 1 automotive inc - qtrly adjusted diluted earnings per common share (a non-gaap measure) of $1.87​.Group 1 automotive inc - ‍has acquired its first jaguar and land rover dealerships in u.s.​.Group 1 automotive inc qtrly new vehicle revenues decreased 6.0 percent (decreased 4.6 percent) on a 6.3 percent decrease in unit sales.Group 1 automotive inc qtrly retail used vehicle revenues decreased 4.2 percent (decreased 2.2 percent) on a 2.9 percent decrease in unit sales.Group 1 automotive inc - qtrly total revenue $‍2.67 billion versus $2.78 billion.Q2 earnings per share view $2.00, revenue view $2.70 billion -- Thomson Reuters I/B/E/S.  Full Article

Group 1 Automotive acquires UK dealership group
Wednesday, 5 Jul 2017 07:07am EDT 

July 5 (Reuters) - Group 1 Automotive Inc :Group 1 Automotive acquires significant uk dealership group.Group 1 Automotive Inc - acquisition of beadles group ltd.Group 1 Automotive Inc - dealerships will continue to operate under Beadles name.Says ‍the dealerships are expected to generate approximately $330 million in annualized revenues​.Group 1 Automotive Inc - "with this addition, our UK operations are estimated to generate over $2 billion in annualized revenues".Group 1 Automotive Inc - acquisition increases company's UK operations to 43 dealerships.  Full Article

Group 1 Automotive posts strong profit on used car demand

DETROIT Group 1 Automotive on Thursday posted a 44 percent increase in quarterly profit that topped Wall Street's expectations on strong used car sales and cost cutting efforts.