Group 1 Automotive (GPI) Repurchases $72 Million in Shares
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn May 14, 2026, Conifer Management purchased 186,608 shares of Group 1 Automotive (GPI) valued at approximately $65.10 million. This transaction increased Conifer's holding in GPI to 47.66% of its reported U.S. equity AUM. Group 1 reported revenues of $22.47 billion and a net income of $323.60 million over the trailing twelve months (TTM). The firm also repurchased 205,190 shares at a cost of $72.4 million, a significant allocation of capital amidst a 24% annual decline in stock price.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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