Group 1 Automotive Files 8-K on Financial Results
Ticker: GPI · Form: 8-K · Filed: Jan 31, 2024 · CIK: 1031203
| Field | Detail |
|---|---|
| Company | Group 1 Automotive Inc (GPI) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-results, 8-K, corporate-filing
TL;DR
**GPI just dropped an 8-K about their financial results, so expect more details soon.**
AI Summary
Group 1 Automotive, Inc. (GPI) filed an 8-K on January 31, 2024, to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits.' This filing indicates that the company is providing an update on its financial performance, likely related to its fiscal year ending December 31, 2023. For investors, this matters because it provides crucial, up-to-date information on the company's financial health, which can influence stock price and future investment decisions.
Why It Matters
This filing signals that Group 1 Automotive is updating the market on its financial performance, which is essential for investors to assess the company's current health and future prospects.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate negative events or significant changes in company operations.
Analyst Insight
A smart investor would monitor Group 1 Automotive's upcoming earnings release for specific financial figures and guidance, as this 8-K is a precursor to that detailed report.
Key Numbers
- 001-13461 — Commission File Number (identifies Group 1 Automotive's registration with the SEC)
- 713-647-5700 — Business Phone Number (contact information for Group 1 Automotive)
- 1231 — Fiscal Year End (indicates Group 1 Automotive's fiscal year ends on December 31st)
Key Players & Entities
- Group 1 Automotive, Inc. (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Group 1 Automotive, Inc.
- Houston, Texas (company) — location of principal executive offices for Group 1 Automotive, Inc.
- New York Stock Exchange (company) — exchange where GPI common stock is registered
Forward-Looking Statements
- Group 1 Automotive will release its full Q4 2023 and full-year 2023 earnings report soon. (Group 1 Automotive, Inc.) — high confidence, target: 2024-02-15
- The stock price of GPI will react to the detailed financial results once they are fully disclosed. (GPI) — medium confidence, target: 2024-02-29
FAQ
What is the primary purpose of this 8-K filing by Group 1 Automotive, Inc.?
The primary purpose of this 8-K filing, dated January 31, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per the Item Information section.
What is the ticker symbol for Group 1 Automotive, Inc. common stock and on which exchange is it registered?
The ticker symbol for Group 1 Automotive, Inc. common stock is GPI, and it is registered on the New York Stock Exchange, as stated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the state of incorporation for Group 1 Automotive, Inc.?
Group 1 Automotive, Inc. is incorporated in Delaware, as indicated in the filing under 'State or other jurisdiction of incorporation or organization'.
When was the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 31, 2024, as explicitly stated under 'Date of Report (Date of earliest event reported)'.
What is the business address of Group 1 Automotive, Inc.?
The business address of Group 1 Automotive, Inc. is 800 Gessner, Suite 500, Houston, Texas 77024, according to the 'BUSINESS ADDRESS' section of the filing.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-01-31 06:40:54
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share GPI New York Stock Exchange
Filing Documents
- gpi-20240131.htm (8-K) — 28KB
- a2023q4exhibit991.htm (EX-99.1) — 2440KB
- image3.gif (GRAPHIC) — 3KB
- 0001031203-24-000008.txt ( ) — 2695KB
- gpi-20240131.xsd (EX-101.SCH) — 2KB
- gpi-20240131_lab.xml (EX-101.LAB) — 25KB
- gpi-20240131_pre.xml (EX-101.PRE) — 13KB
- gpi-20240131_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 31, 2024, Group 1 Automotive, Inc., a Delaware corporation, issued a press release announcing its financial results for the three months and year ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. As provided in General Instruction B.2. of Form 8-K, the information in this Item 2.02 (including the press release attached as Exhibit 99.1 and incorporated by reference in this Item 2.02) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release of Group 1 Automotive, Inc., dated as of January 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Group 1 Automotive, Inc. Date: January 31, 2024 By: /s/ Daniel J. McHenry Daniel J. McHenry Senior Vice President and Chief Financial Officer