Hedge fund Conifer Management L.L.C. disclosed a purchase of 65,650 shares of Group 1 Automotive, Inc. (GPI +0.90%) for $16.9 million in a series of transactions on Sept. 17 and 18, 2026. SEC Form 4 filing.
$244.97+$2.18 (+0.90%)
NYSE · As of 4:00 PM ET 10/23/26
Transaction summaryMetricValueTransaction value$16.9 millionShares purchased (indirectly held)65,650Post-transaction shares (indirectly held)1,512,290Post-transaction value$372.66 millionTransaction value based on SEC Form 4 weighted average purchase price ($256.78); post-transaction value based on Sept. 18, 2026 market close ($246.42).
Key questionsWhat is the nature of the entity's equity position?
Conifer Management manages various commingled investment vehicles that directly own the common stock, and the firm disclaims beneficial ownership of these securities except to the extent of its pecuniary interest.How does the execution price compare to recent market levels?
The firm executed its purchase at a weighted average price of $256.78, while the stock was priced at $250.87 as of the Sept. 21, 2026 market close.What is the total scale of the firm's exposure following this transaction?
The acquisition increases the firm's indirect holdings to ~1.5 million shares, contributing to a total insider ownership level of 13% for the automotive retail company.Company OverviewMetricValueShare Price (as of market close 2026-09-21)$250.87Market Capitalization$3.0 billionRevenue (TTM)$22.2 billionNet Income (TTM)$289.6 millionCompany SnapshotGroup 1 Automotive operates as a diversified automotive retailer, generating revenue through the sale of new and pre-owned vehicles, light commercial vehicles, and automotive components, while supplementing core revenues with service contracts, insurance products, and financing arrangements.The company's business model centers on multi-franchise dealership operations across 17 states, leveraging scale and operational efficiency to capture margins across vehicle sales, aftermarket services, and ancillary financial products.The company serves retail and commercial customers seeking vehicle purchases, maintenance services, and related financial solutions, with a primary focus on the North American automotive consumer market.Group 1 Automotive is one of the largest automotive retailers in the United States, operating a substantial network of dealerships and employing approximately 20,452 people. The company's diversified revenue streams across new vehicle sales, used vehicle inventory, service operations, and financial products provide operational resilience within the consumer cyclical sector. As a vertically integrated automotive retailer, GPI maintains competitive advantages through scale, multi-brand franchise relationships, and comprehensive service capabilities that enhance customer retention and lifetime value.
What this transaction means for investorsConifer Management's sizable buy is a bullish signal.
Why?
Consider the dynamics of insider buying and selling. There are many reasons an insider may sell shares, some of which have no bearing on their belief in the stock's direction, such as having to pay a large personal expense or diversifying their holdings.
Then consider that there is only one reason an insider buys shares: they believe the stock price will rise.
By that rule of thumb alone, Conifer's purchase of almost $17 million worth of Group 1 shares is a bullish signal. That signal is further bolstered by studies showing that, more often than not, an insider purchase predicts a higher share price 30 days later, although that hasn't been the case with this purchase.
It is worth noting that insider buying by an executive, or individual, is more straightforwardly bullish for outsiders. The purchase of a block of shares by a hedge fund like Confier, which is an insider by virtue of its greater-than-5% active stake in the company (there are occasional instances where a passive owner of up to 10% is not considered an insider), could have some long-term not-as-bullish qualities to it. Perhaps the fund is seeking to eventually take the company private in a transaction that would buy out other shareholders at a price below its long-term value. Or perhaps market conditions may force the fund to sell Group 1 shares to redeem its investors, which would weigh on the stock.
But generally, speaking, the buying is still bullish: a hedge fund like Conifer does want to see its shares appreciate.
In the long term, there are reasons to be bullish. In July, Group 1 announced the acquisition of Hennessy Automobile, a family-owned Atlanta, Georgia, luxury dealer group with 12 franchises and about $1.7 billion in annual revenue. The transaction is valued at approximately $1.3 billion, which will be financed with $1.25B of new debt. That's a negative in the short term. But long term, the deal would expand Group 1's U.S. luxury revenue mix from 29% to around 42%. If you believe the wealthy are more insulated from the economy, which is a very reasonable assumption in the U.S., then having a larger base of luxury sales is a plus for the company and the stock over the long term.
Group 1 Automotive dokončila emisi seniorních nezajištěných dluhopisů v objemu 625,0 milionu USD se splatností v roce 2032 a 625,0 milionu USD se splatností v roce 2035, celkem za 1,25 miliardy USD. Výnosy použije na financování plánované akvizice aktiv dealerství Hennessy Automobile Companies.
, /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 249 dealerships located in the U.S. and U.K., today announced the closing of its previously announced private placement of $625.0 million in aggregate principal amount of its 6.250% senior unsecured notes due 2032 (the "2032 Notes") and $625.0 million in aggregate principal amount of its 6.625% senior unsecured notes due 2035 (the "2035 Notes" and, together with the 2032 Notes, the "Notes").
The Company intends to use the net proceeds of the offering, together with cash on hand, to fund the purchase price for its previously announced acquisition of certain dealership assets and related real estate from Hennessy Automobile Companies, Inc. and certain of its affiliates (the "Hennessy Acquisition") and to pay related fees and expenses. Pending the closing of the Hennessy Acquisition, the Company intends to use the net proceeds to repay a portion of the outstanding borrowings under the acquisition line under its revolving credit facility, which the Company expects to reborrow at the closing of the Hennessy Acquisition to fund a portion of the purchase price.
"We are pleased to have closed this offering, which provides us with long-dated capital to fund the Hennessy Acquisition on attractive terms," said Daniel McHenry, the Company's Chief Financial Officer and CEO of UK Operations. "I want to thank the investors who participated for their confidence in Group 1, as well as our financing partners and the teams across our organization whose work made this transaction possible."
If the Hennessy Acquisition is not consummated on or prior to the later of (x) January 6, 2027 (the "Outside Date") and (y) such date to which the Outside Date under the purchase agreement relating to the Hennessy Acquisition may be extended in accordance with the terms thereof (such later date, the "Special Mandatory Redemption Outside Date"), or upon the occurrence of certain other events, including the termination of the purchase agreement related to the Hennessy Acquisition prior to the Special Mandatory Redemption Outside Date, the Company will be required to redeem all of the 2032 Notes then outstanding at a redemption price equal to 100% of the initial issue price thereof, plus accrued and unpaid interest, if any, from the issue date to, but excluding, the redemption date (the "Special Mandatory Redemption"). In that case, the Company intends to use the net proceeds of the offering that are not used to fund the Special Mandatory Redemption to repay borrowings under the Company's revolving credit facility and for general corporate purposes.
The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and thus, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes were offered and sold to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy any of these Notes or any security, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 249 automotive dealerships, 310 franchises, and 32 collision centers in the United States and the United Kingdom that offer 37 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements include statements regarding the intended use of proceeds and the pending Hennessy Acquisition. These forward-looking statements often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the impacts of sustained levels of inflation, including reduced affordability of automobiles for consumers, (c) developments in U.S. and global trade policy, including the imposition by the U.S. of significant tariffs on the import of automobiles and certain materials used in our parts and services business and the resulting consequences (including, but not limited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions, vehicle and part cost increases and demand decreases, and potential recessions in the U.S. and U.K.) and the passage of the "One Big Beautiful Bill," including the associated impact on tax deductions in the domestic car industry and the elimination of certain clean energy tax credits, which could impact incentives for electric vehicle production and sales, (d) the level of manufacturer incentives, (e) our ability to comply with extensive laws, regulations and policies applicable to our operations, including BEV mandates in the U.K., and their impact on new vehicle demand, (f) our ability to obtain an inventory of desirable new and used vehicles (including as a result of changes in the international trade environment), (g) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (h) our cost of financing and the availability of credit for consumers, (i) our ability to complete acquisitions and dispositions, including the pending Hennessy Acquisition, on a timely basis, if at all and the risks associated therewith, (j) our ability to successfully integrate recent and future acquisitions, including the Hennessy Acquisition, and realize the expected benefits from consummated acquisitions, (k) foreign exchange controls and currency fluctuations, (l) the armed conflicts in Ukraine and the Middle East, including that between the U.S. and Iran, (m) broader macroeconomic challenges in the U.K., including inflationary pressures, fluctuations in interest and foreign exchange rates and overall economic volatility, which could further impact vehicle affordability, demand and our financial performance in that market, (n) our ability to maintain sufficient liquidity to operate, and (o) a material failure in or breach of our vendors' information technology systems and other cybersecurity incidents. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Investor contacts:
David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
[email protected]
Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development
Group 1 Automotive, Inc.
[email protected]
Kimberly Barta
Head of Advertising, Brand and Communications
Group 1 Automotive, Inc.
[email protected]
Conifer Management, L.L.C. koupila 36 647 akcií společnosti Group 1 Automotive za průměrnou cenu 280,86 USD za kus. Po transakci drží 1 446 640 akcií, což představuje nárůst podílu o 2,60 %.
Group 1 Automotive, Inc. (NYSE:GPI – Get Free Report) major shareholder Conifer Management, L.L.C. acquired 36,647 shares of Group 1 Automotive stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $280.86 per share, for a total transaction of $10,292,676.42. Following the purchase, the insider owned 1,446,640 shares in the company, valued at approximately $406,303,310.40. The trade was a 2.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Conifer Management, L.L.C. also recently made the following trade(s):
On Wednesday, September 9th, Conifer Management, L.L.C. bought 47,353 shares of Group 1 Automotive stock. The shares were purchased at an average price of $282.48 per share, with a total value of $13,376,275.44. On Friday, September 4th, Conifer Management, L.L.C. bought 57,159 shares of Group 1 Automotive stock. The stock was acquired at an average cost of $300.15 per share, with a total value of $17,156,273.85. On Thursday, September 3rd, Conifer Management, L.L.C. purchased 83,121 shares of Group 1 Automotive stock. The stock was acquired at an average price of $282.63 per share, for a total transaction of $23,492,488.23. On Wednesday, September 2nd, Conifer Management, L.L.C. purchased 26,561 shares of Group 1 Automotive stock. The shares were acquired at an average cost of $276.03 per share, for a total transaction of $7,331,632.83. On Tuesday, September 1st, Conifer Management, L.L.C. acquired 3,539 shares of Group 1 Automotive stock. The shares were acquired at an average price of $269.66 per share, with a total value of $954,326.74. Group 1 Automotive Stock Performance Shares of NYSE:GPI opened at $278.24 on Friday. The firm has a fifty day simple moving average of $289.03 and a two-hundred day simple moving average of $311.64. Group 1 Automotive, Inc. has a 52 week low of $249.54 and a 52 week high of $485.57. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $3.32 billion, a P/E ratio of 11.59, a PEG ratio of 0.84 and a beta of 0.82.
Group 1 Automotive (NYSE:GPI – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $9.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.60 by ($0.99). Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.66%. The business had revenue of $5.39 billion for the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter in the prior year, the company posted $10.82 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that Group 1 Automotive, Inc. will post 38.96 earnings per share for the current fiscal year. Group 1 Automotive Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 1st. Group 1 Automotive’s dividend payout ratio is presently 9.16%.
Wall Street Analysts Forecast Growth Several research analysts have commented on GPI shares. DA Davidson set a $425.00 price objective on shares of Group 1 Automotive in a research note on Friday, July 10th. Evercore set a $360.00 target price on shares of Group 1 Automotive in a report on Tuesday, August 4th. UBS Group dropped their price target on shares of Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, July 10th. Morgan Stanley reiterated an “equal weight” rating and set a $300.00 price target (down from $400.00) on shares of Group 1 Automotive in a report on Friday, August 7th. Finally, Seaport Research Partners set a $420.00 price objective on shares of Group 1 Automotive in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $373.38.
Check Out Our Latest Stock Analysis on Group 1 Automotive
Hedge Funds Weigh In On Group 1 Automotive Several hedge funds have recently bought and sold shares of GPI. NewEdge Advisors LLC lifted its stake in Group 1 Automotive by 6.1% in the second quarter. NewEdge Advisors LLC now owns 471 shares of the company’s stock worth $206,000 after acquiring an additional 27 shares during the last quarter. Lido Advisors LLC increased its position in shares of Group 1 Automotive by 3.4% in the 4th quarter. Lido Advisors LLC now owns 935 shares of the company’s stock valued at $399,000 after purchasing an additional 31 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Group 1 Automotive by 3.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,156 shares of the company’s stock valued at $505,000 after purchasing an additional 37 shares in the last quarter. Corient Private Wealth LP raised its holdings in shares of Group 1 Automotive by 6.2% in the 2nd quarter. Corient Private Wealth LP now owns 702 shares of the company’s stock valued at $204,000 after purchasing an additional 41 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of Group 1 Automotive by 28.2% during the 4th quarter. State of Wyoming now owns 191 shares of the company’s stock worth $75,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 99.92% of the company’s stock.
(Get Free Report)
Group 1 Automotive, Inc is an international automotive retailer that operates franchised dealerships in the United States and the United Kingdom. The company sells new and used vehicles from a broad range of manufacturers, including domestic, Asian and European brands.
In addition to vehicle sales, Group 1 Automotive provides automotive maintenance and repair services, sells replacement parts and accessories, and offers financing, insurance and other related products. Its dealerships also support customers through collision-repair operations and online vehicle purchasing tools.
Founded in 1997 and headquartered in Houston, Texas, Group 1 Automotive has expanded through dealership acquisitions and organic growth.
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Group 1 Automotive plánuje nabídnout seniorní nezajištěné dluhopisy za 625,0 milionu USD splatné v roce 2032 a 625,0 milionu USD splatné v roce 2035, aby financovala akvizici aktiv dealerství Hennessy Automobile Companies. Pokud transakce neproběhne, část dluhopisů splatných v roce 2032 bude muset být splacena za 100 % emisní ceny.
, /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 249 dealerships located in the U.S. and U.K, today announced that, subject to market conditions, it intends to offer for sale $625.0 million in aggregate principal amount of senior unsecured notes due 2032 (the "2032 Notes") and $625.0 million in aggregate principal amount of senior unsecured notes due 2035 (the "2035 Notes" and, together with the 2032 Notes, the "Notes").
The Company intends to use the net proceeds of the offering, together with cash on hand, to fund the purchase price for its previously announced acquisition of certain dealership assets and related real estate from Hennessy Automobile Companies, Inc. and certain of its affiliates (the "Hennessy Acquisition") and to pay related fees and expenses. Because the closing of the Hennessy Acquisition is expected to occur after the closing of the offering, the Company intends to use the net proceeds, pending the closing of the Hennessy Acquisition, to repay a portion of the outstanding borrowings under the acquisition line under its revolving credit facility, which the Company expects to reborrow at the closing of the Hennessy Acquisition to fund a portion of the purchase price.
If the Hennessy Acquisition is not consummated on or prior to the later of (x) January 6, 2027 (the "Outside Date") and (y) such date to which the Outside Date under the purchase agreement relating to the Hennessy Acquisition may be extended in accordance with the terms thereof (such later date, the "Special Mandatory Redemption Outside Date"), or upon the occurrence of certain other events, including the termination of the purchase agreement related to the Hennessy Acquisition prior to the Special Mandatory Redemption Outside Date, the Company will be required to redeem all of the 2032 Notes then outstanding at a redemption price equal to 100% of the initial issue price thereof, plus accrued and unpaid interest, if any, from the issue date, to, but excluding, the redemption date (the "Special Mandatory Redemption"). In that case, the Company intends to use the net proceeds of the offering that are not used to fund the Special Mandatory Redemption to repay borrowings under the Company's revolving credit facility and for general corporate purposes.
The Notes to be offered have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and thus, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside of the United States in compliance with Regulation S under the Securities Act. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy any of these Notes or any security, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 249 automotive dealerships, 310 franchises, and 32 collision centers in the United States and the United Kingdom that offer 37 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements include statements regarding the proposed offering, the intended use of proceeds and the pending Hennessy Acquisition. These forward-looking statements often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the impacts of sustained levels of inflation, including reduced affordability of automobiles for consumers, (c) developments in U.S. and global trade policy, including the imposition by the U.S. of significant tariffs on the import of automobiles and certain materials used in our parts and services business and the resulting consequences (including, but not limited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions, vehicle and part cost increases and demand decreases, and potential recessions in the U.S. and U.K.) and the passage of the "One Big Beautiful Bill," including the associated impact on tax deductions in the domestic car industry and the elimination of certain clean energy tax credits, which could impact incentives for electric vehicle production and sales, (d) the level of manufacturer incentives, (e) our ability to comply with extensive laws, regulations and policies applicable to our operations, including BEV mandates in the U.K., and their impact on new vehicle demand, (f) our ability to obtain an inventory of desirable new and used vehicles (including as a result of changes in the international trade environment), (g) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (h) our cost of financing and the availability of credit for consumers, (i) our ability to complete acquisitions and dispositions, including the pending Hennessy Acquisition, on a timely basis, if at all and the risks associated therewith, (j) our ability to successfully integrate recent and future acquisitions, including the Hennessy Acquisition, and realize the expected benefits from consummated acquisitions, (k) foreign exchange controls and currency fluctuations, (l) the armed conflicts in Ukraine and the Middle East, including that between the U.S. and Iran, (m) broader macroeconomic challenges in the U.K., including inflationary pressures, fluctuations in interest and foreign exchange rates and overall economic volatility, which could further impact vehicle affordability, demand and our financial performance in that market, (n) our ability to maintain sufficient liquidity to operate, and (o) a material failure in or breach of our vendors' information technology systems and other cybersecurity incidents. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Investor contacts:
David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
[email protected]
Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development
Group 1 Automotive, Inc.
[email protected]
Kimberly Barta
Head of Advertising, Brand and Communications
Group 1 Automotive, Inc.
[email protected]
, /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 249 dealerships located in the U.S. and U.K., today announced its board of directors declared a quarterly dividend of $0.55 per share. The dividend is consistent with the Company's previously announced increase of 10% in its annualized dividend rate from $2.00 per share in 2025 to $2.20 per share in 2026.
The dividend is payable on September 15, 2026 to stockholders of record as of September 1, 2026.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 249 automotive dealerships, 310 franchises, and 32 collision centers in the United States and the United Kingdom that offer 37 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.
FORWARD-LOOKING STATEMENTS
All statements in this press release related to future, not past, events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are based on our current expectations and assumptions regarding our business, the economy and other future conditions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Investor contacts:
David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
[email protected]
Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development
Group 1 Automotive, Inc.
[email protected]
Kimberly Barta
Head of Advertising, Brand and Communications
Group 1 Automotive, Inc.
[email protected]
Group 1 Automotive ve 2. čtvrtletí nesplnila odhady: upravený zisk na akcii klesl na 9,61 USD a tržby na 5,39 miliardy USD. Firma zároveň oznámila koupi 10 prodejen Hennessy, které mají přidat asi 1,7 miliardy USD ročních tržeb.
Key Takeaways Group 1 Automotive's Q2 earnings and revenues missed estimates as new and used vehicle volumes fell.U.S. operations saw sharper declines, while parts and service same-store revenues rose 2.1%.Group 1 plans to acquire 10 Hennessy dealerships, adding about $1.7 billion in annual revenues. Group 1 Automotive, Inc. (GPI - Free Report) reported second-quarter 2026 adjusted earnings of $9.61 per share, which declined 16.6% year over year and missed the Zacks Consensus Estimate of $10.79 by 10.9%. Revenues declined 5.6% to $5.39 billion and missed the consensus mark of $5.65 billion by 4.7%.
Results reflected persistent consumer affordability pressure, used-vehicle sourcing challenges and short-term disruption from U.S. store rebranding. Retail new-vehicle units fell 4.4% year over year to 53,335, while used retail units declined 11.2%.
GPI’s Vehicle Sales and Margins Lose GroundNew-vehicle retail sales decreased 4.7% year over year to $2.61 billion. Units sold fell 4.4% year over year to 53,335. The average selling price rose 2.3% to $51,726, but new-vehicle gross profit per retail unit fell 8.5% to $3,254.
Used-vehicle retail sales declined 7% to $1.72 billion. Units sold fell 11.2% year over year to 53,469. Average selling price increased 4.8% to $32,195, while used retail gross profit per unit dropped 4.3% to $1,532.
Used-vehicle wholesale sales declined 7.5% year over year to $151.5 million. Units sold fell 10.1% year over year to 15,315. The unit incurred a gross loss of $47 million against the gross profit of $29 million reported in the same period last year.
Finance and insurance revenues fell 8.8% to $216.8 million, with F&I gross profit per retail unit down 1% to $2,030.
Group 1’s Aftersales Business Provides SupportParts and service sales declined 3.6% year over year to $692.4 million, while gross profit decreased 3.4% to $389 million. Still, the parts and service gross margin edged up 10 basis points to 56.2%.
On a same-store basis, parts and service revenues rose 2.1% to $673.3 million. U.S. same-store customer-pay revenues grew about 4%, and warranty revenues increased about 1%, helping offset weaker collision activity and lower internal reconditioning tied to reduced used-vehicle volumes.
GPI’s U.S. Operations Absorb the Larger DeclineU.S. revenues fell 5.8% year over year to $3.93 billion, while gross profit dropped 9.6% to $658.5 million. Retail new-vehicle unit sales declined 6.1% to 38,549, and used retail units decreased 13.6% to 34,261.
Adjusted U.S. SG&A expenses fell 6.5% to $437.5 million. Adjusted SG&A as a percentage of gross profit was 66.4%, improving more than 400 basis points sequentially as the company completed its $50 million annualized U.S. expense-reduction initiative. During the reported quarter, the retail new-vehicle, retail used-vehicle and wholesale used-vehicle units sold were 14,786, 19,208 and 6,303, respectively.
Group 1’s U.K. Business Shows Relative ResilienceU.K. revenues declined 4.9% year over year to $1.45 billion, while gross profit slipped 2.4% to $202.1 million. New-vehicle retail units increased 0.6% to 14,786, although used retail units declined 6.6% to 19,208.
U.K. parts and service gross margin held at 58.1%. F&I gross profit per retail unit rose 1.7% to $1,118, while total gross margin expanded 40 basis points to 13.9%. During the reported quarter, the retail new-vehicle, retail used-vehicle and wholesale used-vehicle units sold were 38,549, 34,261 and 9,012, respectively.
GPI Reshapes Its Portfolio Around Cluster MarketsDuring the quarter, Group 1 acquired four U.S. dealerships and retained Stone Mountain Toyota and Stone Mountain Honda, which are expected to generate about $205 million in annual revenues. The company also disposed of four Jaguar Land Rover dealerships in the United Kingdom, bringing year-to-date annualized revenues associated with dispositions to $900 million.
GPI separately agreed to acquire 10 Hennessy Automobile Companies dealerships in Atlanta. The transaction is expected to add about $1.7 billion in annual revenues and close by year-end 2026, subject to customary approvals. Management expects the acquisition to be immediately accretive to earnings upon closing.
Group 1’s Liquidity Supports Planned ExpansionAs of June 30, 2026, cash and cash equivalents were $164.5 million, up from $32.5 million at year-end 2025. Total debt declined 9.1% to $3.36 billion, while floorplan notes payable, net, increased 13.9% to $2.18 billion.
Total liquidity was $684 million at quarter-end, and the rent-adjusted leverage ratio was 3.3x. During the first half, operating cash flow totaled $155 million, down from $410.3 million in the same period last year.
The Hennessy transaction is valued at about $1.3 billion and is expected to be financed with $1.25 billion of new debt. The company expects rent-adjusted leverage to remain below 4x at closing and plans to return to its target leverage level by mid- to late 2027. As of June 30, 2026, the company had $306.3 million available under its current repurchase authorization.
GPI currently has a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto SpaceGeneral Motors Company (GM - Free Report) reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.
Tesla, Inc. (TSLA - Free Report) reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%. Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Tesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years.
Ford Motor Company (F - Free Report) reported second-quarter 2026 adjusted earnings of 42 cents per share, beating the Zacks Consensus Estimate of 33 cents by 27.27%. Earnings rose 13.5% from 37 cents a year ago. Favorable mix and net pricing helped lift adjusted EBIT by 17% to $2.5 billion, while adjusted EBIT margin expanded to 5.2% from 4.3%. Automotive revenues of $44.89 billion fell 4.4% year over year and missed the consensus mark of $45.72 billion by 1.81%. The company’s consolidated second-quarter revenues came in at $48.3 billion, down 3.7% year over year.
Group 1 Automotive vykázala zisk na akcii 9,61 USD, pod odhadem 10,79 USD, a tržby 5,39 miliardy USD za čtvrtletí končící v červnu 2026 také zaostaly za očekáváním.
Group 1 Automotive (GPI - Free Report) came out with quarterly earnings of $9.61 per share, missing the Zacks Consensus Estimate of $10.79 per share. This compares to earnings of $11.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -10.94%. A quarter ago, it was expected that this auto dealer would post earnings of $8.93 per share when it actually produced earnings of $8.66, delivering a surprise of -3.02%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Group 1 Automotive, which belongs to the Zacks Automotive - Retail and Whole Sales industry, posted revenues of $5.39 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 4.69%. This compares to year-ago revenues of $5.7 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Group 1 Automotive shares have lost about 9% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Group 1 Automotive?While Group 1 Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Group 1 Automotive was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $11.42 on $5.77 billion in revenues for the coming quarter and $41.57 on $22.66 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Retail and Whole Sales is currently in the bottom 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, AutoNation (AN - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 31.
This auto retailer is expected to post quarterly earnings of $5.43 per share in its upcoming report, which represents a year-over-year change of -0.6%. The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level.
AutoNation's revenues are expected to be $6.97 billion, down 0.1% from the year-ago quarter.
Společnost Group 1 Automotive podepsala definitivní dohodu o koupi 10 dealerství Hennessy v Atlantě za zhruba 1,3 miliardy USD. Transakce má přidat asi 1,7 miliardy USD k ročním tržbám a po uzavření okamžitě zvýšit EPS.
Expected to Add Approximately $1.7 Billion in Annualized Revenues and Be Immediately Accretive to EPS Upon Closing
, /PRNewswire/ -- Group 1 Automotive (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 251 dealerships located in the U.S. and U.K., today announced it has signed a definitive agreement to acquire the dealership assets and real estate of Hennessy Automobile Companies ("Hennessy"), significantly expanding the Company's presence in the Atlanta metropolitan market.
"Our cluster strategy has long focused on premium brands in attractive growth markets with high-revenue rooftops where we can leverage scale and expand margins," said Daryl Kenningham, President and Chief Executive Officer of Group 1 Automotive. "Building on a strategy we have executed successfully across our largest markets, including Houston and Boston, this acquisition significantly expands our presence in the growing Atlanta market and creates new opportunities to enhance operational efficiency and deliver attractive, long-term returns. The Hennessy family has a tremendous reputation in Atlanta. We feel privileged to purchase this world class business. We thank the Hennessy family for trusting Group 1 with the transaction."
The transaction includes 10 dealerships, a brand portfolio that contains key luxury and import brands, including Lexus, Jaguar/Land Rover and Porsche, and facilities containing 500 service bays staffed by approximately 280 technicians. It is expected to generate approximately $1.7 billion in annualized revenue and be immediately accretive to the Company's earnings per share upon closing.
This transaction, together with the recent acquisitions of Stone Mountain Honda and Stone Mountain Toyota, will expand Group 1's Atlanta presence from three to 15 dealerships, making the city the Company's second largest market based on revenue and its ninth market in the U.S. with five or more stores.
Atlanta is a robust automotive market with strong fundamentals. The city is the sixth largest MSA1 and seventh largest DMA2 in the U.S., as well as the fastest-growing MSA and largest luxury vehicle market in the Southeast, with 21% luxury vehicle market share3. The city's real GDP growth outpaced the national average growth rate by over 50% from 2014 to 20234 and the average household income within Hennessy's markets specifically is approximately $150,000 per year5.
"For 62 years, our family company has been a cornerstone of the Atlanta automotive community, excelling in vehicle sales, servicing and leasing," said Peter Hennessy. "Under Group 1's stewardship, I know this strong legacy and deep commitment to Atlanta will continue. Group 1 shares our customer-focused philosophy, which will remain the foundation as they move our dealerships into the future."
The Hennessy acquisition is valued at approximately $1.3 billion inclusive of blue sky, real estate and operating assets. Group 1 plans to finance the transaction with new debt, backstopped by a bridge commitment.
The transaction is expected to close by year-end 2026, subject to regulatory approvals, OEM approvals and customary closing conditions.
J.P. Morgan Securities LLC is acting as exclusive financial advisor, and Hill Ward Henderson and Vinson & Elkins LLP are serving as legal advisors, to Group 1. Kerrigan Advisors is acting as transaction advisor, and Holland and Knight is acting as legal advisor, to Hennessy Automobile Companies.
For additional information about this transaction, please see the Form 8-K that will be filed in connection with this transaction.
ABOUT GROUP 1 AUTOMOTIVE, INC.
Group 1 owns and operates 251 automotive dealerships, 312 franchises, and 32 collision centers in the United States and the United Kingdom that offer 37 brands of automobiles. Through its dealerships and omni-channel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
Group 1 discloses additional information about the Company, its business, and its results of operations at www.group1corp.com, www.group1auto.com, www.group1collision.com, www.acceleride.com, and www.facebook.com/group1auto.
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements regarding our strategic investments, goals, plans, projections and guidance regarding our financial position, results of operations and business strategy, including the financial and other benefits of anticipated or recently completed acquisitions or dispositions, including the pending acquisition of Hennessy (the "Hennessy Acquisition"), the timing and financing thereof and our ability to achieve the intended operational, financial and strategic benefits therefrom. These forward-looking statements often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should," "foresee," "may" or "will" and similar expressions. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the impacts of sustained levels of inflation, including reduced affordability of automobiles for consumers, (c) developments in U.S. and global trade policy, including the imposition by the U.S. of significant tariffs on the import of automobiles and certain materials used in our parts and services business and the resulting consequences (including, but not limited to, retaliatory tariffs by non-U.S. nations, supply chain disruptions, vehicle and part cost increases and demand decreases, and potential recessions in the U.S. and U.K.), and the passage of the "One Big Beautiful Bill," including the associated impact on tax deductions in the domestic car industry and the elimination of certain clean energy tax credits, which could impact incentives for electric vehicle production and sales, (d) the level of manufacturer incentives, (e) our ability to comply with extensive laws, regulations and policies applicable to our operations, including BEV mandates in the U.K., and their impact on new vehicle demand, (f) our ability to obtain an inventory of desirable new and used vehicles (including as a result of changes in the international trade environment), (g) our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions, (h) our cost of financing and the availability of credit for consumers, (i) our ability to complete acquisitions and dispositions, including the pending Hennessy Acquisition, on a timely basis, if at all and the risks associated therewith, (j) our ability to successfully integrate recent and future acquisitions, including the Hennessy Acquisition, and realize the expected benefits from consummated acquisitions, (k) foreign exchange controls and currency fluctuations, (l) the armed conflicts in Ukraine and the Middle East, (m) our ability to maintain sufficient liquidity to operate, and (n) a material failure in or breach of our vendors' information technology systems and other cybersecurity incidents. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Investor contacts:
David Helderman
Senior Manager, Investor Relations
Group 1 Automotive, Inc.
[email protected]
Media contacts:
Pete DeLongchamps
Senior Vice President, Manufacturer Relations, Financial Services and Corporate Development
Group 1 Automotive, Inc.
[email protected]
Kimberly Barta
Head of Marketing and Communications
Group 1 Automotive, Inc.
[email protected]
Wall Street čeká, že Group 1 Automotive za čtvrtletí vykáže EPS 10,79 USD, tedy meziročně o 6,3 % méně, při výnosech 5,65 miliardy USD. Odhady navíc naznačují slabší vyhlídky před výsledky.
Wall Street expects a year-over-year decline in earnings on lower revenues when Group 1 Automotive (GPI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis auto dealer is expected to post quarterly earnings of $10.79 per share in its upcoming report, which represents a year-over-year change of -6.3%.
Revenues are expected to be $5.65 billion, down 0.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.55% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Group 1 Automotive?For Group 1 Automotive, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.03%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Group 1 Automotive will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Group 1 Automotive would post earnings of $8.93 per share when it actually produced earnings of $8.66, delivering a surprise of -3.02%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Group 1 Automotive doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerPenske Automotive (PAG - Free Report) , another stock in the Zacks Automotive - Retail and Whole Sales industry, is expected to report earnings per share of $3.38 for the quarter ended June 2026. This estimate points to a year-over-year change of -10.6%. Revenues for the quarter are expected to be $7.93 billion, up 3.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Penske has been revised 0.2% down to the current level. Nevertheless, the company now has an Earnings ESP of -0.74%, reflecting a lower Most Accurate Estimate.
This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Penske will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
