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GPI Group 1 Automotive

Group 1 Automotive, Inc. engages in the automotive retailing industry. It operates through the following geographical segments: U.S, the UK, and Brazil. It also 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. The company was founded in 1995 and is headquartered in Houston, TX.

Company profile

Ticker
GPI
Exchange
CEO
Earl Hesterberg
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
760506313

GPI stock data

(
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Calendar

24 Feb 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Mar 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Mar 21 Earl J Hesterberg Common Stock Sell Dispose S No No 169.3276 20,000 3.39M 125,051.781
10 Mar 21 Michael David Jones Common Stock Sell Dispose S No No 170.26 1,500 255.39K 14,886.234
8 Mar 21 Peter C DeLongchamps Common Stock Sell Dispose S No No 163.8565 5,000 819.28K 33,313.386
3 Mar 21 Darryl M Burman Common Stock Sell Dispose S No No 156.183 530 82.78K 28,477.221
3 Mar 21 Darryl M Burman Common Stock Sell Dispose S No No 155.31 2,970 461.27K 29,007.221
3 Mar 21 Frank Grese Common Stock Sell Dispose S No No 156.054 700 109.24K 25,878.319
3 Mar 21 Frank Grese Common Stock Sell Dispose S No No 155.167 2,301 357.04K 26,578.319
3 Mar 21 Frank Grese Common Stock Sell Dispose S No No 154.207 2,277 351.13K 28,879.319
3 Mar 21 Frank Grese Common Stock Sell Dispose S No No 153.129 2,222 340.25K 31,156.319

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 241 214 +12.6%
Opened positions 54 35 +54.3%
Closed positions 27 28 -3.6%
Increased positions 66 66
Reduced positions 92 82 +12.2%
13F shares
Current Prev Q Change
Total value 2.4B 1.66B +44.5%
Total shares 18.33M 18.83M -2.7%
Total puts 71.8K 144.7K -50.4%
Total calls 458K 492.9K -7.1%
Total put/call ratio 0.2 0.3 -46.6%
Largest owners
Shares Value Change
BLK Blackrock 2.73M $357.92M +7.0%
Vanguard 1.8M $235.81M +1.9%
Dimensional Fund Advisors 1.46M $191.25M -0.9%
Eminence Capital 1.07M $140.55M -2.2%
BEN Franklin Resources 821.69K $107.76M +72.4%
NTRS Northern Trust 742.19K $97.33M -4.8%
LSV Asset Management 680.98K $89.3M -5.8%
STT State Street 635.35K $83.32M +2.0%
Manufacturers Life Insurance Company, The 618.56K $81.12M -1.0%
Investment Counselors Of Maryland 398.67K $52.28M +5.3%
Largest transactions
Shares Bought/sold Change
BEN Franklin Resources 821.69K +345.14K +72.4%
Norges Bank 312.87K +312.87K NEW
Nuveen Asset Management 87.18K -235.9K -73.0%
Scopus Asset Management 0 -226.5K EXIT
CGM Trust 0 -210K EXIT
BLK Blackrock 2.73M +179.16K +7.0%
Grantham, Mayo, Van Otterloo & Co. 161.26K -170.6K -51.4%
Six Columns Capital 45K -122K -73.1%
Hotchkis & Wiley Capital Management 56.56K -115.14K -67.1%
Shellback Capital 78.95K -96.05K -54.9%

Financial report summary

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Risks
  • Demand for and pricing of our products and services may be adversely impacted by economic conditions and other factors.
  • Changes in consumer demand towards fuel efficient vehicles and electric vehicles could adversely affect our new and used vehicle sales volumes, parts and service revenues and our results of operations.
  • Vehicle technology advancements and changes in consumer vehicle ownership preferences could adversely affect our new and used vehicle sales volumes, parts and service revenues and our results of operations.
  • We are subject to risks associated with our dependence on manufacturer business relationships and agreements.
  • If we are unable to enter into new franchise agreements with manufacturers in connection with dealership acquisitions or maintain or renew our existing franchise agreements on favorable terms, our operations may be significantly impaired.
  • Substantial competition in automotive sales and services could adversely impact our sales and our margins.
  • The U.K.’s withdrawal from the EU may have a negative effect on some global economic conditions, financial markets and our business, which could adversely affect our U.K. revenue and results of operations.
  • The impairment of our goodwill and/or indefinite-lived intangibles could have a material adverse effect on our results of operations.
  • Our inability to acquire and integrate successful new dealerships into our business could adversely affect the growth of our revenues and earnings.
  • The global outbreak of the COVID-19 pandemic, which has disrupted all of our dealership operations, has, and could continue to have a material adverse affect on our business, results of operations and cash flows.
  • A cybersecurity breach, including loss of confidential information or a breach of personally identifiable information (“PII”) about our customers or employees, could negatively affect operations and result in high costs.
  • Our insurance does not fully cover all of our operational risks, and changes in the cost of insurance or the availability of insurance could materially increase our insurance costs or result in a decrease in our insurance coverage.
  • Natural disasters and adverse weather events can disrupt our business and may adversely impact our results of operations, financial condition and cash flows.
  • Risks associated with our international operations could have a material adverse effect on our business, results of operations and financial condition.
  • We are subject to automotive and other laws and regulations, which, if we are found to have violated, may adversely affect our business and results of operations.
  • Operational risks associated with environmental laws and regulations may expose us to significant costs and liabilities.
Management Discussion
  • Total revenues in the U.S. during the year ended December 31, 2020 decreased $680.8 million, or 7.4%, as compared to the same period in 2019. Total same store revenues in the U.S. during the year ended December 31, 2020 decreased $754.6 million, or 8.3%, as compared to the same period in 2019. The decrease in U.S. same store revenues was driven by declines in all of our revenues streams. The declines of 9.6% in new vehicle retail same store sales, 7.6% in used vehicle retail same store sales and 2.6% in used vehicle wholesale same store sales were driven by decreases of 14.5%, 10.9% and 13.2% in new vehicle, used vehicle retail and used vehicle wholesale unit sales, respectively, reflecting reduced demand at our dealerships caused by the COVID-19 pandemic and inventory supply shortages, in part due to reduced OEM production rates. Our recent online new and used vehicle sales platform, AcceleRide®, was instrumental in allowing us to connect with and serve our customers throughout the social distancing requirements and served to help limit our declines. Parts and service same store revenues decreased 6.5% driven by an 18.9% decrease in collision revenues, a 9.6% decrease in warranty revenues, a 3.9% decrease in customer-pay revenues and a 0.9% decrease in wholesale parts revenues. F&I same store revenues decreased 4.2% as a result of a decrease of 12.7% in our retail unit sales as discussed above, which was partially offset by higher penetration rates and income per contract on many of our finance and insurance product offerings and a decline in our overall chargeback experience.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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