Group 1 automotive executive sells $654,184 in stock

Published 30/04/2025, 17:36
Group 1 automotive executive sells $654,184 in stock

HOUSTON—Michael David Jones, the Senior Vice President of Aftersales at Group 1 Automotive Inc . (NYSE:GPI), recently sold 1,613 shares of the company’s common stock. The transaction, which took place on April 28, 2025, was executed at a weighted average price of $405.57 per share, resulting in a total sale value of approximately $654,184. The sale price represents a premium to the current trading price of $397.57, with InvestingPro analysis indicating the stock is fairly valued based on its proprietary Fair Value model.

Following this sale, Jones holds 8,260.3981 shares directly. The shares sold were part of multiple transactions, with prices ranging from $405.565 to $405.59. Group 1 Automotive, based in Houston, is a leading operator in the automotive retail industry with a market capitalization of $5 billion. InvestingPro data shows the company has maintained dividend payments for 16 consecutive years and achieved impressive revenue growth of 15% in the last twelve months. For deeper insights into GPI’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Group 1 Automotive reported its Q1 2025 earnings, surpassing market expectations with an adjusted diluted earnings per share of $10.17, exceeding the forecasted $9.56. The company’s revenue also outperformed projections, reaching $5.5 billion compared to the anticipated $5.34 billion. This strong financial performance was highlighted by a record quarterly gross profit of $892 million and robust cash flow generation. Group 1 Automotive continues to expand its dealership network in the UK, indicating strategic growth in international markets. The company has maintained a strong liquidity position and has been actively managing its inventory levels in response to market trends. In terms of strategic moves, Group 1 Automotive has focused on aftersales and service opportunities, with CEO Darrell Kenningham emphasizing the importance of these areas as differentiators for the company. The company has also been optimizing its operations through restructuring efforts in the UK, which included reducing duplicative roles. Looking forward, Group 1 Automotive remains cautious but optimistic, with a strong outlook for upcoming quarters and a focus on maintaining operational efficiency.

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