GPI Stock Recent News

HOUSTON , July 25, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer, today announced the pricing of its private placement of $500.0 million in aggregate principal amount of its 6.375% senior unsecured notes due 2030 (the "Notes"). The offering is expected to close on July 30, 2024, subject to customary closing conditions.

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.

While the top- and bottom-line numbers for Group 1 Automotive (GPI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Group 1 Automotive president and CEO Daryl Kenningham joins 'Squawk Box' to discuss the company's quarterly earnings results, impact of the CDK outage, state of the consumer, and more.

Group 1 Automotive (GPI) came out with quarterly earnings of $9.80 per share, beating the Zacks Consensus Estimate of $9.43 per share. This compares to earnings of $11.73 per share a year ago.

Group 1 Automotive (GPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HOUSTON , July 12, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 206 dealerships located in the U.S. and U.K., today announced that it will release financial results for the second quarter ended June 30, 2024 on Wednesday, July 24, 2024, before the market opens.  Daryl Kenningham, Group 1's President and Chief Executive Officer, and the Company's senior management team will host a conference call to discuss the results later that morning at 10:00 a.m.

Group 1 (GPI) acquires four Mercedes-Benz dealerships in Hertfordshire to expand its operation in the United Kingdom.

Group 1 Automotive (GPI) reported earnings 30 days ago. What's next for the stock?

Group 1 Automotive (GPI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.