Group 1 Automotive Expands Houston Presence with Acquisition of Beck & Masten Kia Dealership
June 3, 2023
🌧️Trending News
Group 1 Automotive ($NYSE:GPI), Inc., a leading global automotive retailer, has announced the acquisition of the Beck & Masten Kia dealership in Houston. Group 1 Automotive provides a range of automotive retail services, including new and used vehicle sales and related financing and insurance products; service and repair services; and parts sales. The company also offers products and services to its customers through its Internet websites.
Price History
On Friday, GROUP 1 AUTOMOTIVE stock opened at $225.4 and closed at $233.6, a rise of 5.2% from the last closing price of 222.0. This acquisition will enable Group 1 Automotive to offer customers a wider range of vehicles and services from the Kia brand as it continues to grow its presence in the Houston market. The addition of this Kia dealership will allow Group 1 Automotive to offer customers a greater selection of vehicles and services, while also providing access to the latest Kia models.
Additionally, the company’s presence in the Houston area will be further increased as it gains more visibility and access to new customers. The company’s stock rose by 5.2% on Friday due to this news, indicating positive sentiment surrounding Group 1 Automotive’s expansion plans. With this acquisition, customers can look forward to having access to a wider variety of vehicles and services from the Kia brand in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GPI. More…
| Total Revenues | Net Income | Net Margin |
| 16.51k | 708.9 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GPI. More…
| Operations | Investing | Financing |
| 585.9 | -484.6 | -67.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GPI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.72k | 4.48k | 158.61 |
Key Ratios Snapshot
Some of the financial key ratios for GPI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.4% | 41.7% | 6.3% |
| FCF Margin | ROE | ROA |
| 2.6% | 29.2% | 9.7% |
Analysis
At GoodWhale, we recently conducted an analysis of GROUP 1 AUTOMOTIVE’s wellbeing. Our findings indicate that GROUP 1 AUTOMOTIVE is a medium risk investment in terms of financial and business aspects. While conducting our analysis, we detected three risk warnings in the income sheet, cashflow statement, and non-financial aspects. To gain access to more details on these risk warnings, become a registered user on our platform. More…
Peers
Group 1 Automotive Inc is an American automotive retailer. The company sells, services, and finances vehicles through its dealerships in the United States, the United Kingdom, and Brazil. Group 1 Automotive Inc also owns and operates collision centers, parts stores, and auto auctions. The company was founded in 1995 and is headquartered in Houston, Texas. Penske Automotive Group Inc is an American automotive retailer. The company sells, services, and finances vehicles through its dealerships in the United States, the United Kingdom, and Australia. Penske Automotive Group Inc also owns and operates collision centers, parts stores, and auto auctions. The company was founded in 1999 and is headquartered in Bloomfield Hills, Michigan. AutoNation Inc is an American automotive retailer. The company sells, services, and finances vehicles through its dealerships in the United States. AutoNation Inc also owns and operates collision centers, parts stores, and auto auctions. The company was founded in 1996 and is headquartered in Fort Lauderdale, Florida. Murphy USA Inc is an American oil and gas company. The company owns and operates gas stations and convenience stores in the United States. Murphy USA Inc also owns and operates a refinery. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.
– Penske Automotive Group Inc ($NYSE:PAG)
Penske Automotive Group Inc. is an international transportation services provider. The company operates in three segments: Retail Automotive, Retail Commercial Truck, and Other. The Retail Automotive segment sells new and used vehicles, and provides vehicle maintenance, warranty, paint and collision repair, and other services. The Retail Commercial Truck segment sells new and used trucks, and offers financing, leasing, and rental options. The Other segment provides financing, insurance, and fleet management services. Penske Automotive Group Inc. was founded in 1969 and is headquartered in Bloomfield Hills, Michigan.
– AutoNation Inc ($NYSE:AN)
AutoNation Inc is an American automotive retailer, and it is the largest in the United States by vehicle sales. The company also has a large market share in terms of service and parts sales. AutoNation Inc has a market cap of 5.26B as of 2022, a Return on Equity of 57.65%. The company has been in business since 1996 and is headquartered in Fort Lauderdale, Florida. AutoNation is a publicly-traded company on the New York Stock Exchange (NYSE: AN).
– Murphy USA Inc ($NYSE:MUSA)
Murphy USA Inc is a gas station and convenience store company. The company operates in the United States and Canada. Murphy USA Inc is headquartered in El Dorado, Arkansas. The company was founded in 1996.
Summary
The company recently announced their acquisition of the Beck & Masten Kia dealership in Houston, Texas, leading to a positive response in their stock price. Investors have reacted positively to the news, citing the potential for increased revenue, market share, and cost savings associated with the acquisition. Group 1 Automotive has also been able to capitalize on a growing demand for new and used vehicles, as well as the growth of online car sales.
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