Group 1 Automotive Stock (NYSE:GPI), Trade Ideas

Group 1 Automotive

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 Inchcape UK deal should close in third-quarter 2024 and add about $3 billion of revenue. That deal will bring the UK store count to 109 and total stores to more than 250. The company was founded in 1995 and is based in Houston.

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Hilton Worldwide Reports Upbeat Results, Joins Hasbro, Vertiv Holdings And Other Big Stocks Moving Higher On Wednesday

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Group 1 Automotive surpasses Q1 earnings estimates withsolid performance in UK operations, despite a slight net income decrease.

Group 1 Automotive 7% After Q1 Earnings - CEO Touts Strength In UK Operations

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Group 1 Automotive to acquire Inchcape&#39;s U.K. dealerships for $439M in all-cash deal. Deal expected to close in Q3 2024.

Group 1 Makes Power Move in UK Market with Inchcape Auto Dealerships Buy Out

Group 1 Automotive Inc

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U.S. stocks were mixed, with the Dow Jones falling over 100 points on Wednesday.
Shares of Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) rose sharply during Wednesday's session after the company reported better-than-expected first-quarter financial results and raised FY24 <a href="https://www.benzinga.com/news/earnings/24/04/38402048/hilton-stock-is-jumping-post-q1-results-heres-why">adjusted EPS guidance.</a>
Hilton Worldwide shares gained 5.7% to $208.21 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) shares gained 29.9% to $28.20 after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares jumped 29% to $2.8948.</li>
<li>Ribbon Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares climbed 27.2% to $3.2699 after the company reported first-quarter financial results and issued guidance.</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) gained 12.1% to $65.13 following better-than-expected first-quarter financial results.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 11.9% to $161.93 following first-quarter results.</li>
<li>Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) gained 11.2% to $88.07 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) gained 11% to $12.76.</li>
<li>Lifeway Foods, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LWAY#NASDAQ">LWAY</a>) gained 9.9% to $22.50.</li>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) rose 9.2% to $4.1402. Navitas Semiconductor is expected to report first-quarter financial results on Thursday, May 9.</li>
<li>Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) gained 9% to $161.84 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Stride, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) gained 8.4% to $63.07 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) gained 8% to $18.00.</li>
<li>Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) jumped 7.7% to $13.95.</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) gained 6.4% to $176.10 following a first-quarter earnings beat.</li>
<li>Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) rose 6.2% to $73.24 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>Watsco, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSO#NYSE">WSO</a>) gained 6.2% to $439.17 following first-quarter results.</li>
<li>Group 1 Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) jumped 6.1% to $296.67 after the company reported better-than-expected first-quarter financial results.</li>
</ul>
Read More: Meta Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts

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Group 1 Automotive shares are trading higher after the company reported better-than-expected Q1 financial results.

Group 1 Automotive, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) reported first-quarter adjusted earnings per share of $9.49,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38397575/group-1-automotive-reports-first-quarter-2024-financial-results" rel="noreferrer noopener">beating the Wall Street view of $9.38.</a>&nbsp;
Quarterly revenues of $4.471 billion&nbsp;outpaced the analyst consensus of $4.379 billion. Sales rose&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">8.2% year over year.</a>
Net income from continuing operations for the current quarter was&nbsp;$147.4 million, a 7.2% decrease year over year.
Parts and service revenues of&nbsp;$576.2 million rose 5.1%&nbsp;year over year.&nbsp;U.K.&nbsp;total revenues&nbsp;of&nbsp;$824.8 million increased&nbsp;4.7%.
&#8220;Our&nbsp;U.K.&nbsp;team rebounded nicely from the challenging fourth quarter of 2023, producing record quarterly revenues from parts and service and new vehicles, as well as increasing used vehicle sales volumes over 19% sequentially,&#8221; said&nbsp;Daryl Kenningham, Group 1&#8217;s President and Chief Executive Officer.
Total gross profit rose 2% year over year to $742.6 million. In the current quarter, the company successfully acquired and integrated dealership operations with total expected annual revenues <a href="https://www.benzinga.com//node/38244754" target="_blank" rel="noreferrer noopener">of approximately $1.0 billion.</a>
Group 1 Automotive disposed of six dealerships located in&nbsp;Beaumont, Texas. These dealerships generated approximately&nbsp;$260 million&nbsp;in annual revenues.
The company has&nbsp;$89.6&nbsp;million remaining on its authorized common share repurchase program.
Price Action:&nbsp;GPI shares are trading higher by 6.6% to $298.10 at last check Wednesday.

Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) reported quarterly earnings of $9.49 per share which beat the analyst consensus estimate of $9.38 by 1.17 percent. This is a 13.17 percent decrease over earnings of $10.93 per share from the same period last year. The company reported quarterly sales of $4.47 billion which beat the analyst consensus estimate of $4.38 billion by 2.08 percent. This is a 8.26 percent increase over sales of $4.13 billion the same period last year.

Group 1 Automotive Q1 Adj. EPS $9.49 Beats $9.38 Estimate, Sales $4.47B Beat $4.38B Estimate

Across the recent three months, 4 analysts have shared their insights on Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Group 1 Automotive and provided 12-month price targets. The average target is $301.25, accompanied by a high estimate of $330.00 and a low estimate of $255.00. This current average reflects an increase of 14.76% from the previous average price target of $262.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1713366034_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The analysis of recent analyst actions sheds light on the perception of Group 1 Automotive by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Rajat Gupta</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$315.00</td>
<td>$325.00</td>
</tr>
<tr>
<td>Ronald Jewsikow</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$305.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$255.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Daniel Imbro</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$330.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Group 1 Automotive. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Group 1 Automotive compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Group 1 Automotive's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Group 1 Automotive's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GPI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Group 1 Automotive analyst ratings.</a>
<h2>All You Need to Know About Group 1 Automotive</h2>
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 Inchcape UK deal should close in third-quarter 2024 and add about $3 billion of revenue. That deal will bring the UK store count to 109 and total stores to more than 250. The company was founded in 1995 and is based in Houston.
<h3>Breaking Down Group 1 Automotive's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Group 1 Automotive showcased positive performance, achieving a revenue growth rate of 10.1% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.1%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Group 1 Automotive's ROE excels beyond industry benchmarks, reaching 3.55%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Group 1 Automotive's ROA excels beyond industry benchmarks, reaching 1.23%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.46, Group 1 Automotive adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Forecasting The Future: 4 Analyst Projections For Group 1 Automotive

JP Morgan analyst Rajat Gupta maintains Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) with a Overweight and lowers the price target from $325 to $315.

Price Target

JP Morgan Maintains Overweight on Group 1 Automotive, Lowers Price Target to $315

Guggenheim analyst Ronald Jewsikow upgrades Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) from Neutral to Buy and announces $305 price target.

Upgrades

Guggenheim Upgrades Group 1 Automotive to Buy, Announces $305 Price Target

Group 1 Automotive, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) disclosed a deal to buy the U.K. automotive retailing business and related owned real estate from a subsidiary of&nbsp;Inchcape PLC&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/IHCPF#OTC">IHCPF</a>) for around $439 million&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38242491/group-1-automotive-agrees-to-acquire-inchcape-u-k-dealerships" rel="noreferrer noopener">(£346 million) in an all-cash transaction</a>.
The acquisition price includes $279 million (£220 million) of appraised real estate value.&nbsp;
In 2023, the Inchcape U.K. dealerships generated approximately $2.7 billion (£2.1 billion) in annual revenues.&nbsp;
The transaction is expected to close in the third quarter of 2024, subject to the receipt of approval from the Financial Conduct Authority.
Daryl Kenningham, Group 1&#8217;s President and CEO, said, &#8220;Inchcape&#8217;s brand mix is outstanding. These new stores complement our geographic footprint in the East and South East of England and enable us to expand into new markets in the Central and North West regions of England and Wales.&#8221;
Daniel McHenry Group 1&#8217;s Senior Vice President and CFO, stated, &#8220;While this transaction provides a transformation in scale for our company in the U.K., our U.S. credit facility pro-forma leverage ratio will be approximately 2.2x after taking into account the financing of this transaction with debt and cash on hand, and liquidity remains comfortably within our targets.&#8221;
Year to date, in 2024, Group 1 has closed $1.0 billion of acquired revenues. With this proposed acquisition, the total acquired revenues are projected to be around $3.7 billion at the closing date.
Also, the buyout raised Group 1&#8217;s U.K. dealership count to 109 across 256 locations in the U.S. and U.K.
With 54 dealership locations across major hubs in England and Wales, Inchcape&#8217;s U.K. dealership portfolio sells over 63,500 new and used vehicles and 24,000 corporate units annually on an aggregate basis.
Investors can gain exposure to the stock via&nbsp;Northern Lights Fund Trust IV Inspire Momentum ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLRY#NYSE">GLRY</a>) and&nbsp;Invesco S&amp;P SmallCap Consumer Discretionary ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCD#NASDAQ">PSCD</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33476773/group-1-automotive-to-leverage-higher-demand-in-us-and-uk-despite-pressured-margins" rel="noreferrer noopener">Group 1 Automotive To Leverage Higher Demand In US And UK Despite Pressured Margins: Analyst Forecasts</a>
Price Action: GPI shares closed lower by 0.42% at $269.44 on Friday. 
Image sourced from Shutterstock

<ul>
<li>54 Dealership Locations in the&nbsp;United Kingdom</li>
</ul>
Group 1 Automotive,&nbsp;a &nbsp;Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced it has entered into a definitive agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately&nbsp;$439 million&nbsp;(&pound;346 million) in an all-cash transaction, inclusive of&nbsp;$279 million&nbsp;(&pound;220 million) of appraised real estate value. &nbsp;In 2023, the Inchcape U.K. dealerships generated approximately&nbsp;$2.7 billion&nbsp;USD&nbsp;(&pound;2.1 billion) in annual revenues. &nbsp;The transaction is subject to the receipt of approval from the Financial Conduct Authority and is expected to close in the&nbsp;third quarter&nbsp;of 2024.

Group 1 Automotive Agrees To Acquire Inchcape U.K. Dealerships For $439M In Cash

By the close of today, March 15, 2024, Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) will issue a dividend payout of $0.47 per share, resulting in an annualized dividend yield of 0.68%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 29, 2024.
<h3>Group 1 Automotive Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-29</td>
<td style="text-align: right;">4</td>
<td>$0.47</td>
<td>0.68%</td>
<td>2024-02-12</td>
<td>2024-03-01</td>
<td>2024-03-15</td>
</tr>
<tr>
<td>2023-11-30</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>0.63%</td>
<td>2023-11-15</td>
<td>2023-12-01</td>
<td>2023-12-15</td>
</tr>
<tr>
<td>2023-08-31</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>0.69%</td>
<td>2023-08-02</td>
<td>2023-09-01</td>
<td>2023-09-15</td>
</tr>
<tr>
<td>2023-05-31</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>0.83%</td>
<td>2023-05-17</td>
<td>2023-06-01</td>
<td>2023-06-15</td>
</tr>
<tr>
<td>2023-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.45</td>
<td>0.79%</td>
<td>2023-02-14</td>
<td>2023-03-01</td>
<td>2023-03-15</td>
</tr>
<tr>
<td>2022-11-30</td>
<td style="text-align: right;">4</td>
<td>$0.39</td>
<td>0.82%</td>
<td>2022-11-16</td>
<td>2022-12-01</td>
<td>2022-12-15</td>
</tr>
<tr>
<td>2022-08-31</td>
<td style="text-align: right;">4</td>
<td>$0.38</td>
<td>0.82%</td>
<td>2022-08-16</td>
<td>2022-09-01</td>
<td>2022-09-15</td>
</tr>
<tr>
<td>2022-05-31</td>
<td style="text-align: right;">4</td>
<td>$0.37</td>
<td>0.79%</td>
<td>2022-05-18</td>
<td>2022-06-01</td>
<td>2022-06-15</td>
</tr>
<tr>
<td>2022-02-28</td>
<td style="text-align: right;">4</td>
<td>$0.36</td>
<td>0.81%</td>
<td>2022-02-16</td>
<td>2022-03-01</td>
<td>2022-03-15</td>
</tr>
<tr>
<td>2021-11-30</td>
<td style="text-align: right;">4</td>
<td>$0.35</td>
<td>0.66%</td>
<td>2021-11-17</td>
<td>2021-12-01</td>
<td>2021-12-15</td>
</tr>
<tr>
<td>2021-08-31</td>
<td style="text-align: right;">4</td>
<td>$0.34</td>
<td>0.78%</td>
<td>2021-08-17</td>
<td>2021-09-01</td>
<td>2021-09-15</td>
</tr>
<tr>
<td>2021-05-28</td>
<td style="text-align: right;">4</td>
<td>$0.33</td>
<td>0.79%</td>
<td>2021-05-11</td>
<td>2021-06-01</td>
<td>2021-06-15</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Group 1 Automotive finds itself in the middle among its industry peers, while Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) boasts the highest annualized dividend yield at 3.94%.
<h3>Analyzing Group 1 Automotive Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710515128_0.png" alt="dividend chart graph" />
As you can see, from 2021 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.33 in 2021 to $1.80 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
<h3>YoY Earnings Growth For Group 1 Automotive</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710515128_1.png" alt="earning chart graph" />
From 2021 to 2023, Group 1 Automotive experienced a growth in earnings per share, with an increase from $15.41 to $45.59. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
<h3>Recap</h3>
This article delves into the recent dividend payout of Group 1 Automotive and its implications for shareholders. Presently, the company is distributing a dividend of $0.47 per share, leading to an annualized dividend yield of 0.68%.
With a dividend yield that places it neither at the top nor the bottom, Group 1 Automotive finds itself in the middle among its industry peers, while Monro boasts the highest annualized dividend yield at 3.94%.
The upward trend in dividend per share and earnings per share for Group 1 Automotive from 2021 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

MNRO

Group 1 Automotive Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards

The acquisition expands Group 1&#39;s relationship with Mercedes-Benz to 17 franchises in the U.S. and U.K. and with Honda to 13 franchises in the U.S.&nbsp; The dealerships are expected to generate&nbsp;$140 million&nbsp;in annual revenues. &nbsp;

Group 1 Automotive Buys Modern Classic Motors In Hilton Head, South Carolina; No Terms Disclosed

- SEC Filing We may offer and sell the following securities from time to time in one or more transactions, classes or series and in amounts, at prices and on terms to be determined by market conditions at the time of our offerings: (i)&nbsp;debt securities, which may be senior debt securities or subordinated debt securities; (ii)&nbsp;common stock, $0.01 par value; (iii)&nbsp;preferred stock, $0.01 par value; (iv)&nbsp;warrants to purchase any of the other securities that may be sold under this prospectus; (v)&nbsp;rights to purchase debt securities, common stock, preferred stock or other securities; (vi)&nbsp;depositary shares and (vii)&nbsp;units consisting of one or more classes of these securities.
One or more of our subsidiaries, including Group 1 Realty, Inc., may fully and unconditionally guarantee, jointly and severally, any debt securities that we issue.
We may offer and sell these securities to or through one or more underwriters, dealers and agents, or directly to purchasers, on a continuous or delayed basis. See "Plan of Distribution." This prospectus describes the general terms of these securities and the general manner in which we will offer the securities. The specific terms of any securities we offer will be included in a supplement to this prospectus. The prospectus supplement will also describe the specific manner in which we will offer the securities.

Offerings

Group 1 Automotive Inc Files For Mixed Shelf Offering, Group 1 Realty, Inc., As Guarantor; Size Not Disclosed

Morgan Stanley analyst Adam Jonas upgrades Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) from Underweight to Equal-Weight and raises the price target from $200 to $255.

Morgan Stanley Upgrades Group 1 Automotive to Equal-Weight, Raises Price Target to $255

he dealerships are expected to generate&nbsp;$350 million&nbsp;in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to&nbsp;$850 million, which follows&nbsp;$1.1 billion&nbsp;of acquired revenues in 2023.

Group 1 Automotive Buys Acquires Newport Lexus And Tustin Lexus, Two Dealerships In Orange County, California; No Terms Disclosed

Stephens &amp; Co. analyst Daniel Imbro reiterates Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) with a Overweight and maintains $330 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Group 1 Automotive, Maintains $330 Price Target

Consistent with this increase, a&nbsp;$0.47&nbsp;dividend per share will be payable on&nbsp;March 15, 2024, to stockholders of record as of&nbsp;March 1, 2024.

Group 1 Automotive Boosts 2024 Annual Dividend Rate By 4% From $1.80 To $1.88 Per Share

The acquisition includes Toyota, Honda, Hyundai, and Kia new vehicle dealerships; one Toyota Certified pre-owned center; and three collision centers.&nbsp; The group includes the two highest volume Honda dealerships in the state of&nbsp;Maryland. &nbsp;The dealerships are expected to generate over&nbsp;$500 million&nbsp;in annual revenues.&nbsp;Consistent with its strategy to focus on larger, higher performing dealerships, the Company also disposed of 10 franchises and a collision center in&nbsp;Beaumont, Texas&nbsp;during the&nbsp;first quarter&nbsp;of 2024.

Group 1 Automotive Buys RRR Automotive Group, Expanding Its US Portfolio In The Greater Baltimore/Washington DC Market; No Terms Disclosed

Group 1 Automotive's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) short percent of float has risen 3.02% since its last report. The company recently reported that it has 2.11 million shares sold short, which is 23.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 18.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Group 1 Automotive Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706895921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Group 1 Automotive has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Group 1 Automotive's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Group 1 Automotive's peer group average for short interest as a percentage of float is 12.10%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(GPI) - Analyzing Group 1 Automotive's Short Interest

Shares of Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) shares declined 3.8% to $165.49 following fourth-quarter results.
AMD reported fourth-quarter non-GAAP earnings per share of 77 cents per share on revenue of $6.17 billion.
AMD shares dipped 3.8% to $165.49 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Connexa Sports Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnxa#NASDAQ">CNXA</a>) shares jumped 204% to $0.6049. Connexa said it has regained compliance with Nasdaq minimum shareholder equity rule.</li>
<li>Minim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/minm#NASDAQ">MINM</a>) shares climbed 76.4% to $4.48. David E. Lazar disclosed a 51% active stake in Minim Inc.</li>
<li>Powell Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/powl#NASDAQ">POWL</a>) shares gained 49% to $121.89 after the company reported better-than-expected first-quarter financial results and raised its quarterly dividend.</li>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyt#NASDAQ">LYT</a>) climbed 46.5% to $0.1180 after falling around 7% on Tuesday.</li>
<li>Ashford Hospitality Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aht#NYSE">AHT</a>) jumped 32% to $1.77.</li>
<li>2seventy bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsvt#NASDAQ">TSVT</a>) rose 31.6% to $5.28. 2seventy Bio said it will focus exclusively on commercialization and development of Abecma and sell its R&amp;D pipeline to Regeneron. Leerink Partners analyst Daina Graybosch upgraded 2seventy bio from Market Perform to Outperform and raised the price target from $5 to $18.</li>
<li>Trinity Biotech plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trib#NASDAQ">TRIB</a>) gained 29.5% to $0.5638. Trinity Biotech announced acquisition of the CGM assets of Waveform Technologies, Inc.</li>
<li>Kuke Music Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kuke#NYSE">KUKE</a>) rose 23.7% to $1.25.</li>
<li>Vaxart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vxrt#NASDAQ">VXRT</a>) jumped 20.9% to $1.1850. B. Riley Securities analyst Mayank Mamtani upgraded Vaxart from Neutral to Buy and announced a $2 price target.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evtv#NASDAQ">EVTV</a>) gained 20.6% to $1.75.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ensc#NASDAQ">ENSC</a>) gained 19.6% to $1.7232. Ensysce Biosciences reported completion of a constructive end of Phase 2 meeting with the FDA regarding its lead &#39;next generation&#39; analgesic, PF614.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) climbed 17.8% to $4.3950 after Roth MKM upgraded the stock from Neutral to Buy and raised its price target from $4.5 to $9.</li>
<li>DocGo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcgo#NASDAQ">DCGO</a>) gained 15.8% to $3.9497 after the company announced a share buyback program of up to $36 million.</li>
<li>Ashland Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ash#NYSE">ASH</a>) jumped 14.5% to $92.50 after the company reported mixed first-quarter financial results and issued guidance.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) rose 12.5% to $236.64.</li>
<li>LendingClub Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lc#NYSE">LC</a>) gained 12.3% to $9.81 after the company reported better-than-expected quarterly financial results.</li>
<li>Nomura Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmr#NYSE">NMR</a>) rose 12.2% to $5.84 following third-quarter results.</li>
<li>Paramount Global (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/para#NASDAQ">PARA</a>) gained 10.4% to $15.10. Byron Allen offered $14.3 billion to buy all of the outstanding shares of Paramount Global, Bloomberg reported.</li>
<li>Revelation Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/revb#NASDAQ">REVB</a>) gained 10.3% to $8.77 after dipping around 39% on Tuesday.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares rose 9.1% to $8.88 after dipping 34% on Tuesday.</li>
<li>Stryker Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syk#NYSE">SYK</a>) gained 5.8% to $335.28 after the company reported better-than-expected fourth-quarter financial results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nuvve Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvve#NASDAQ">NVVE</a>) shares dipped 65.8% to $1.1401. Nuvve announced pricing of $9.6 million underwritten public offering of 4.8 million shares of common stock at $2.00 per share.</li>
<li>Remark Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mark#NASDAQ">MARK</a>) shares fell 36% to $0.80. Remark Holdings shares jumped 264% on Tuesday following a Tweet from the company&#39;s X account suggesting an unconfirmed deal with Microsoft..</li>
<li>New York Community Bancorp, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nycb#NYSE">NYCB</a>) fell 34.5% to $6.80 after the company reported worse-than-expected fourth-quarter financial results and reduced its quarterly dividend.</li>
<li>GRI Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gri#NASDAQ">GRI</a>) fell 28.6% to $2.05.</li>
<li>Genprex, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnpx#NASDAQ">GNPX</a>) declined 28% to $0.1931. Genprex announced a 1-for-40 reverse stock split effective Feb. 2, 2024.</li>
<li>Evaxion Biotech A/S (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evax#NASDAQ">EVAX</a>) fell 24% to $4.3999.</li>
<li>TuSimple Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsp#NASDAQ">TSP</a>) declined 23.4% to $0.2220.</li>
<li>Rail Vision Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvsn#NASDAQ">RVSN</a>) fell 21.9% to $11.70.</li>
<li>American Superconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsc#NASDAQ">AMSC</a>) shares declined 18.2% to $0.20 after the company announced a proposed public offering of common stock.</li>
<li>Extreme Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/extr#NASDAQ">EXTR</a>) fell 15.8% to $14.02 after the company reported mixed second-quarter financial results and issued guidance.</li>
<li>Rockwell Automation, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rok#NYSE">ROK</a>) declined 15.3% to $260.07 following weak earnings.</li>
<li>SMX (Security Matters) Public Limited Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smx#NASDAQ">SMX</a>) shares fell 14.2% to $0.4067 after jumping 47% on Tuesday.</li>
<li>Synaptogenix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snpx#NASDAQ">SNPX</a>) fell 13% to $0.1864 after gaining 12% on Tuesday.</li>
<li>LSB Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxu#NYSE">LXU</a>) fell 9.5% to $7.51. UBS analyst Joshua Spector downgraded LSB Industries from Buy to Neutral and lowered the price target from $11 to $9.</li>
<li>MarketAxess Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mktx#NASDAQ">MKTX</a>) fell 8.8% to $250.01 following weak sales.</li>
<li>Teradyne, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ter#NASDAQ">TER</a>) shares declined 8.2% to $95.99 after the company posted downbeat fourth-quarter sales and issued weak forecast for the first quarter.</li>
<li>Oblong, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oblg#NASDAQ">OBLG</a>) declined 8.1% to $0.20 trading after gaining around 24% on Tuesday.</li>
<li>Solid Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sldb#NASDAQ">SLDB</a>) fell 7.5% to $7.47.</li>
<li>Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) shares fell 6.2% to $143.60. Alphabet posted better-than-expected earnings results for its fourth quarter on Tuesday. However, Google&rsquo;s advertising sales came in short of market estimates.</li>
<li>Heartland Financial USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htlf#NASDAQ">HTLF</a>) fell 5.5% to $36.54.</li>
<li>Group 1 Automotive, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gpi#NYSE">GPI</a>) fell 5.5% to $266.64 after the company reported mixed fourth-quarter financial results.</li>
<li>Novartis AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>) fell around 3% to $104.69 following weak quarterly results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36867301/bitcoin-falls-below-43-000-following-adp-report-blur-manta-network-among-top-losers"> Bitcoin Falls Below $43,000 Following ADP Report; Blur, Manta Network Among Top Losers</a>

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Why AMD Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

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Notable earnings before Wednesday's open

Group 1 Automotive Q1 2024 Earnings Preview

Group 1 Automotive Non-GAAP EPS of $9.49 beats by $0.07, revenue of $4.5B beats by $120M

J.P. Morgan analyst Rajat Gupta CFA has maintained their bullish stance on GPI stock, giving a Buy rating on April 22. Rajat Gupta CFA has given hi...

Group 1 Automotive Receives 'Buy' Rating on Q1 2024 Outperformance and Strategic Growth Opportunities

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Group 1 Automotive (NYSE:<a href="https://investorplace.com/stock-quotes/gpi-stock-quote/">GPI</a>) just reported results for the first quarter of 2024.<ul><li>Group 1 Automotive reported earnings per share of $9.49. This was above the analyst estimate for EPS of $9.38.</li><li>The company reported revenue of $4.47 billion.</li><li>This was 2.08% better than the analyst estimate for revenue of $4.38 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/gpi-stock-earnings-group-1-automotive-for-q1-of-2024/">GPI Stock Earnings: Group 1 Automotive Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

GPI Stock Earnings: Group 1 Automotive Beats EPS, Beats Revenue for Q1 2024

Group 1 Automotive, Inc. (GPI) Q1 2024 Earnings Call Transcript

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Press Releases

Group 1 Automotive Appoints New Chief Marketing Officer

Group 1 Automotive Schedules Release of Fourth Quarter and Full Year 2023 Financial Results

Group 1 Automotive Reports Fourth Quarter and Full Year 2023 Financial Results

Group 1 Automotive Acquires RRR Automotive Group

Kerrigan Advisors Represents RRR Automotive Group in Sale to Group 1 Automotive

Group 1 Automotive Acquires Two High Volume Lexus Dealerships in Southern California

Group 1 Automotive Acquires Modern Classic Motors in Hilton Head, South Carolina

Group 1 Automotive Schedules Release of First Quarter 2024 Financial Results

Group 1 Automotive Agrees to Acquire Inchcape U.K. Dealerships

Group 1 Automotive Reports First Quarter 2024 Financial Results

Advance Auto Parts

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Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares