GPI changes
Pick any two versions below to diff them.
- Price
- $264.18 → $270.27(+2.3%)
- Recent events
- Nov 10, 2026: Group 1 appointed Peter C. DeLongchamps, its Senior Vice President of Manufacturer Relations, Financial Services and Corporate Development, as President of U.S. Operations. He reports to the CEO and supervises the U.S. dealerships. added: On the same day, the board declared a quarterly dividend of $0.55 per share, payable on December 15, 2026 to holders of record on December 1, 2026. It also adopted new bylaws: holders need at least 25% net long ownership to ask for a special meeting, and the rules for advance notice of director nominations are stricter. Oct 28, 2026: Group 1 reported Q3 2026 results. Revenue was $5.4 billion, down 6.7%. Diluted EPS from continuing operations was $8.59, and adjusted EPS was $9.36, down from $10.45. New vehicle gross profit per car fell 5.4% to $3,074, and used retail units fell 10.5%. US same store customer pay parts and service revenue grew 3.2%. After the quarter, Group 1 sold US dealerships of the Lexus, Acura and Honda brands for about $235 million and agreed to sell four more US dealerships for about $125 million, to lower leverage. In the UK, it agreed with Jaguar Land Rover to keep five JLR dealerships that it had planned to give up. It bought back no shares in the quarter. Oct 27, 2026: Conifer Management reported that it owned 2,012,290 shares, about 16.9% of Group 1's shares. It paid about $41.6 million for the shares that it bought after its report of September 29, 2026. Oct 19, 2026: Group 1 completed the purchase of the 10 Hennessy dealerships, one collision center and related real estate in Atlanta for about $1.3 billion. It paid with the $1.25 billion of new senior notes and cash on hand, and $80.0 million of the price went into an indemnity escrow account. Sep 29, 2026: Conifer Management reported that it owned about 15.4% of Group 1's shares on September 25, 2026, up from about 9.7% on August 20, 2026. It paid about $80 million for the shares that it bought after September 22, 2026. Sep 23, 2026: Group 1 Realty, a subsidiary, signed a term loan with Bank of America for up to $190.3 million, equal to 85% of the appraised value of the mortgaged dealership properties, at Term SOFR plus 1.45%. Sep 22, 2026: Group 1 closed a $1.25 billion offering of senior unsecured notes: $625 million at 6.250% due 2032 and $625 million at 6.625% due 2035. The money pays for the Hennessy purchase. If the purchase does not close by January 6, 2027, or a later date that the purchase agreement allows, Group 1 must redeem the 2032 notes. Sep 22, 2026: Group 1 agreed to appoint Benjamin Hart of Conifer Management, one of its largest shareholders, to its Board from November 1, 2026. The agreement with Conifer includes standstill and voting terms. On August 20, 2026, Conifer had reported that it owned about 9.7% of the shares. Aug 11, 2026: Group 1 appointed David Kimbell, former CEO of Ulta Beauty, to its Board, and declared a quarterly dividend of $0.55 per share, in line with a 10% higher yearly dividend of $2.20 per share in 2026. Jul 30, 2026: Group 1 agreed to buy the 10 dealerships, one collision center and related real estate of Hennessy Automobile Companies in Atlanta for about $1.3 billion, plus remaining inventory. The dealerships sell brands such as Lexus, Jaguar Land Rover and Porsche and have about $1.7 billion of yearly revenue. Group 1 expects to close by the end of 2026, after regulatory and car maker approvals. Jul 30, 2026: Group 1 reported Q2 2026 results. Revenue was $5.4 billion, down 5.6%. Diluted EPS from continuing operations was $8.62, and adjusted EPS was $9.61, down from $11.52. The CEO said results softened because of consumer affordability issues. Group 1 completed its $50 million yearly cost cut in the US and bought back no shares in the quarter. Apr 30, 2026: Group 1 reported Q1 2026 results. Revenue was $5.4 billion, down 1.8%. Adjusted diluted EPS from continuing operations was $8.66, down from $10.17. The CEO said that high interest rates and high car and gasoline prices hurt affordability, and the company started cost cuts in the US and the UK.