27-Mar-2024
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Group 1 Automotive Acquires Modern Classic Motors in Hilton Head, South Carolina
PRNewswire (Mon, 11-Mar 4:59 PM ET)
Group 1 Automotive Acquires Two High Volume Lexus Dealerships in Southern California
PRNewswire (Mon, 26-Feb 4:17 PM ET)
Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive
Business Wire (Tue, 13-Feb 8:00 AM ET)
Group 1 Automotive Acquires RRR Automotive Group
PRNewswire (Mon, 12-Feb 5:25 PM ET)
Group 1 Automotive Reports Fourth Quarter and Full Year 2023 Financial Results
PRNewswire (Wed, 31-Jan 6:01 AM ET)
Group 1 Automotive Schedules Release of Fourth Quarter and Full Year 2023 Financial Results
PRNewswire (Tue, 16-Jan 4:17 PM ET)
Group 1 Automotive Appoints New Chief Marketing Officer
PRNewswire (Thu, 11-Jan 4:17 PM ET)
As of year-end 2023, Group 1 owns and operates 41 collision centers and 199 automotive dealerships in the US and the UK, offering 35 brands of automobiles altogether. About 150 of the stores are in the US with locations mostly in metropolitan areas in 17 states in the Northeast, Southeast, Midwest, and California. Texas alone contributed 38% of new-vehicle unit volume in 2023 and the UK about 19%. Texas, Oklahoma, and Massachusetts combined was 53%. Revenue in 2023 totaled $17.9 billion. The company was founded in 1995 and is based in Houston.
Group 1 Automotive trades on the NYSE stock market under the symbol GPI.
As of March 27, 2024, GPI stock price climbed to $290.61 with 81,933 million shares trading.
GPI has a beta of 1.02, meaning it tends to be more sensitive to market movements. GPI has a correlation of 0.20 to the broad based SPY ETF.
GPI has a market cap of $3.98 billion. This is considered a Mid Cap stock.
Last quarter Group 1 Automotive reported $4 billion in Revenue and $9.50 earnings per share. This beat revenue expectation by $70 million and missed earnings estimates by -$.98.
In the last 3 years, GPI stock traded as high as $310.08 and as low as $136.16.
The top ETF exchange traded funds that GPI belongs to (by Net Assets): IJR, VTI, IWM, VB, VBR.
GPI has outperformed the market in the last year with a price return of +40.6% while the SPY ETF gained +33.9%. However, in the short term, GPI had mixed performance relative to the market. It has underperformed in the last 3 months, returning -4.8% vs +10.3% return in SPY. But in the last 2 weeks, GPI shares have fared better than the market returning +9.7% compared to SPY +1.5%.
GPI support price is $278.56 and resistance is $290.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPI stock will trade within this expected range on the day.