Stock Monitor: CarMax Post Earnings Reporting
LONDON, UK / ACCESSWIRE / April 18, 2018 / Active-Investors.com has just released a free research report on Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GPI as the Company's latest news hit the wire. On April 16, 2018, the Company announced that it has acquired a new Toyota market area in western São Paulo, Brazil. The Company also announced a major expansion to an existing Honda dealership located in the São Paulo suburb of São Bernardo do Campo. Register today and get access to over 1000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for CarMax Inc. (NYSE: KMX), which also belongs to the Services sector as the Company Group 1 Automotive. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/?symbol=KMX
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Group 1 Automotive most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=GPI
Acquired Business will Operate as T-Drive Toyota Alphaville
The acquisition of the new Toyota sales territory was triggered by the purchase of selected assets of Toyota Alpha Trevo Automoveis Ltd, an existing Toyota dealership in the western São Paulo suburb of Alphaville. Under Group 1, the business will operate as T-Drive Toyota Alphaville and is expected to generate $45 million in annualized revenues. Pursuant to the acquisition, Group 1 has been awarded several additional new Toyota points of representation within the São Paulo metropolitan market. T-Drive Toyota Alphaville becomes Group 1's fourth Toyota dealership in Brazil with operations commencing on April 16, 2018.
Acquisition will Provide a Large Toyota Operating Footprint throughout Brazil's Largest City
Commenting on the acquisition, Earl J. Hesterberg, President and Chief Executive Officer (CEO) of Group 1, mentioned that Toyota is the largest brand partner for the Company overall and that Group 1 is happy to significantly expand its relationship in Brazil. Hesterberg added that the Company sees great growth potential for its existing stores, and believes the new opportunities associated with this acquisition will provide a large Toyota operating footprint for Group 1 throughout Brazil's largest city.
Relocation to a Much Larger Facility with Freeway Visibility will Enable Group 1 to Double its Revenues
The Company is also expanding and relocating one of its key São Paulo Honda dealerships located in the suburb of São Bernardo do Campo. Group 1 is the largest retailer of Honda vehicles in Brazil and operates 4 dealerships in the greater São Paulo metropolitan area. The relocation to a much larger facility with freeway visibility will enable the Company to double its revenues for this dealership in a fairly short period of time. Group 1 operates 17 dealerships in Brazil, which includes 7 existing brands (BMW, Honda, Jaguar, Land Rover, MINI, Mercedes-Benz, and Toyota).
Group 1's Recent Acquisition Deal
On January 29, 2018, the Company expanded its business presence in the El Paso, Texas market with the acquisition of 2 new dealerships. The dealerships were Audi El Paso and Subaru El Paso, and were expected to generate approximately $65 million in annualized revenues. The acquisition expanded Group 1's total representation in El Paso to 7 automotive franchises (Audi, BMW, Buick, Ford, GMC, MINI, and Subaru) and 1 collision center.
About Group 1 Automotive, Inc.
Founded in 1997 and headquartered in Houston, Texas, Group 1 is a Fortune 500 automotive retailer and leading operator in the automotive retailing industry. The Company has grown to become the third largest dealership group in the United States, and has also expanded into the United Kingdom and Brazil.
Stock Performance Snapshot
April 17, 2018 - At Tuesday's closing bell, Group 1 Automotive's stock advanced 1.87%, ending the trading session at $64.81.
Volume traded for the day: 241.44 thousand shares.
After yesterday's close, Group 1 Automotive's market cap was at $1.37 billion.
Price to Earnings (P/E) ratio was at 9.90.
The stock has a dividend yield of 1.60%.
The stock is part of the Services sector, categorized under the Auto Dealerships industry. This sector was up 1.4% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
