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
Website
CEO
Earl Hesterberg
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
760506313
GPI stock data
()
News
5 Value Stocks In The Consumer Cyclical Sector
30 Mar 21
Stephens & Co. Maintains Overweight on Group 1 Automotive, Raises Price Target to $180
17 Mar 21
Group 1 Auto Reports Purchase of 2 Toyota Dealerships In Massachusetts, No Terms Disclosed
16 Mar 21
Stocks That Hit 52-Week Highs On Friday
12 Mar 21
Stocks That Hit 52-Week Highs On Wednesday
10 Mar 21
Press releases
Group 1 Automotive Schedules 2021 First Quarter Earnings Release, Conference Call and Webcast
9 Apr 21
Group 1 Automotive to Present at Bank of America's 2021 Global Auto Summit
29 Mar 21
Group 1 Automotive Acquires Two Toyota Dealerships in Massachusetts
16 Mar 21
Group 1 Automotive Appoints New Board Member to Board of Directors
1 Mar 21
Group 1 Automotive Increases Quarterly Cash Dividend
16 Feb 21
Calendar
24 Feb 21
12 Apr 21
31 Dec 21
Financial summary
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Financial data from company earnings reports.
Recent insider trades
| 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 |
Institutional ownership Q4 2020
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 |
|---|---|
| Total holders | 241 |
| Opened positions | 54 |
| Closed positions | 27 |
| Increased positions | 66 |
| Reduced positions | 92 |
13F shares |
Current |
|---|---|
| Total value | 2.4B |
| Total shares | 18.33M |
| Total puts | 71.8K |
| Total calls | 458K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 2.73M | $357.92M |
| Vanguard | 1.8M | $235.81M |
| Dimensional Fund Advisors | 1.46M | $191.25M |
| Eminence Capital | 1.07M | $140.55M |
| BEN Franklin Resources | 821.69K | $107.76M |
| NTRS Northern Trust | 742.19K | $97.33M |
| LSV Asset Management | 680.98K | $89.3M |
| STT State Street | 635.35K | $83.32M |
| Manufacturers Life Insurance Company, The | 618.56K | $81.12M |
| Investment Counselors Of Maryland | 398.67K | $52.28M |
Financial report summary
?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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| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
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New words:
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Financial reports
10-K
2020 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
4 Nov 20
10-Q
2020 Q2
Quarterly report
3 Aug 20
10-Q
2020 FY
Quarterly report
8 May 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
19 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
Current reports
8-K
Group 1 Automotive to Present at Bank of America’s 2021 Global Auto Summit
29 Mar 21
8-K
Group 1 Automotive Acquires Two Toyota Dealerships in Massachusetts
17 Mar 21
8-K
Group 1 Automotive Appoints New Board Member to Board of Directors
5 Mar 21
8-K
Group 1 Automotive Increases Quarterly Cash Dividend
18 Feb 21
8-K
Group 1 Automotive Announces Fourth Quarter and Full Year 2020 Financial Results
4 Feb 21
8-K
Group 1 Automotive Schedules 2020 Fourth Quarter & Full Year Earnings Release, Conference Call and Webcast
29 Jan 21
8-K
Group 1 Automotive to Present at Stephens Annual Investment Conference 2020
19 Nov 20
8-K
Group 1 Automotive Announces All-Time Record Quarterly Earnings Per Share
29 Oct 20
8-K
Group 1 Automotive Schedules 2020 Third Quarter Earnings Release, Conference Call and Webcast
15 Oct 20
8-K
Group 1 Automotive Reports Preliminary Third Quarter 2020 Results, New Share Repurchase Authorization, and Intention to Reinstate Dividend
7 Oct 20
Registration and prospectus
S-8
Registration of securities for employees
24 Feb 21
S-3ASR
Automatic shelf registration
5 Nov 18
S-3ASR
Automatic shelf registration
29 Oct 15
S-8
Registration of securities for employees
28 Jul 15
424B3
Prospectus supplement
14 May 15
S-4/A
Registration of securities issued in business combination transactions (amended)
14 May 15
S-4/A
Registration of securities issued in business combination transactions (amended)
13 May 15
S-4/A
Registration of securities issued in business combination transactions (amended)
10 May 15
S-4
Registration of securities issued in business combination transactions
23 Nov 14
SC TO-I/A
Issuer tender offer statement (amended)
24 Jun 14
Proxies
DEF 14A
Definitive proxy
6 Apr 21
DEF 14A
Definitive proxy
8 Apr 20
DEF 14A
Definitive proxy
11 Apr 19
DEF 14A
Definitive proxy
11 Apr 18
DEF 14A
Definitive proxy
9 Apr 17
DEF 14A
Definitive proxy
7 Apr 16
DEFA14A
Additional proxy soliciting materials
7 Apr 16
DEF 14A
Definitive proxy
12 Apr 15
PRE 14A
Preliminary proxy
31 Mar 15
DEF 14A
Definitive proxy
9 Apr 14
Other
UPLOAD
Letter from SEC
10 Aug 16
CORRESP
Correspondence with SEC
1 Aug 16
CORRESP
Correspondence with SEC
20 Jul 16
UPLOAD
Letter from SEC
7 Jul 16
EFFECT
Notice of effectiveness
14 May 15
CORRESP
Correspondence with SEC
13 May 15
CORRESP
Correspondence with SEC
13 May 15
UPLOAD
Letter from SEC
28 Apr 15
CORRESP
Correspondence with SEC
22 Feb 15
CORRESP
Correspondence with SEC
5 Feb 15
Ownership
4
GROUP 1 AUTOMOTIVE / EARL J HESTERBERG ownership change
11 Mar 21
4
GROUP 1 AUTOMOTIVE / MICHAEL DAVID JONES ownership change
11 Mar 21
SC 13G/A
GROUP 1 AUTOMOTIVE / VANGUARD ownership change
10 Mar 21
4
GROUP 1 AUTOMOTIVE / Peter C DeLongchamps ownership change
9 Mar 21
4
GROUP 1 AUTOMOTIVE / Daryl Kenningham ownership change
4 Mar 21
4
GROUP 1 AUTOMOTIVE / Frank Grese ownership change
4 Mar 21
4
GROUP 1 AUTOMOTIVE / Darryl M Burman ownership change
4 Mar 21
4
GROUP 1 AUTOMOTIVE / EARL J HESTERBERG ownership change
2 Mar 21
4
GROUP 1 AUTOMOTIVE / STEVEN MIZELL ownership change
2 Mar 21
3
GROUP 1 AUTOMOTIVE / STEVEN MIZELL ownership change
1 Mar 21
Transcripts
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q3
Earnings call transcript
1 Nov 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
5 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
26 Jul 19
2019 Q1
Earnings call transcript
26 Apr 19
Reddit threads
Cramer on CNBC today, claims WSB loves him
15 Mar 21
Daily Discussion Thread - February 26th, 2021
26 Feb 21
Daily Discussion Thread - February 25th, 2021
25 Feb 21
Daily Discussion Thread - February 24th, 2021
24 Feb 21
Daily Discussion Thread - February 4th, 2021
4 Feb 21
Could someone please translate this SEC form in plain English?
23 Jan 21
2021 Dividend Suspension List
5 Jan 21
Daily Discussion Thread - November 30th, 2020
30 Nov 20
Daily Discussion Thread - November 27th, 2020
27 Nov 20
Daily Discussion Thread - October 29th, 2020
29 Oct 20