GPI News and Press, Group 1 Automotive Inc. From 07/14/22

Morgan Stanley slashed estimates across the automobile industry to adjust for slowing growth and credit headwinds. The top line estimate cuts of 5% to 10% across its coverage and EBITDA cuts in the order of 5% to +15% place the MS forecasts below the consensus expectations ahead of ...

Penske Automotive Group continues to significantly outperform the broader market. This comes as financial performance at the business remains robust, even though fears about the economy persist. Relative to similar firms, Penske does look pricey, but that doesn't change the fact t...

Group 1 Automotive Schedules Release of Second Quarter 2022 Financial Results PR Newswire HOUSTON , July 13, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive...

Group 1 Automotive ( NYSE: GPI ) said Monday it acquired 3 dealerships and a collision center in Shreveport, Louisiana. The dealerships were acquired from Holmes European Motors, and include Mercedes-Benz, Sprinter, Land Rover, Jaguar and Volvo franchises. The dealersh...

Group 1 Automotive Acquires Five Franchises in Shreveport, Louisiana PR Newswire HOUSTON , July 11, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), an international, Fortune 300 automotive retailer with...

Group 1 Automotive ( NYSE: GPI ) said on Monday that its wholly-owned subsidiary GPI SA, LLC  has closed on the disposition of its Brazil operations, under the share purchase pact with Original Holdings S.A., and with UAB Motors Participações...

Group 1 Automotive Disposes of Brazil Operations PR Newswire - Provides Share Repurchase Update HOUSTON , July 5, 2022 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), ("Group 1" or the "Company"), an international, Fort...

Group 1 Automotive has been hit alongside most other stocks on the market in recent months. Although the industry could see weakness in the event of a recession, shares are priced at incredibly low levels, and performance remains strong. The market is ignoring what is one of the m...

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The auto sector offers little shelter from market gyrations, according to Morgan Stanley. In two reports released in tandem, a team of analysts led by Adam Jonas reviewed a slew of  auto manufacturing and dealer stocks, coming to quite a dim view of both. In short, the team argues that i...