Group 1 Automotive Inc (FRA:GAV)
€ 400 -2 (-0.5%) Market Cap: 5.37 Bil Enterprise Value: 10.49 Bil PE Ratio: 11.38 PB Ratio: 1.90 GF Score: 87/100

Group 1 Automotive Inc at Bank of America Global Automotive Summit Transcript

Apr 13, 2022 / 01:45PM GMT
Release Date Price: €148 (+0.68%)
John Joseph Murphy
BofA Securities, Research Division - MD and Lead United States Auto Analyst

Well, if everybody could get settled, we're going to get going with the next session here. We're very happy to have Group 1. From Group 1, we have from left to right, we've got: Jason Babbitt, Vice President and Treasurer; Pete DeLongchamps, Senior Vice President, Manufacturer Relations, Financial Services and Public Affairs, and he wears a lot of other hats, so it means like a lot of hats for Group 1; and to my left, Daniel McHenry, Senior Vice President, and CFO. So thanks so much, everybody, for joining us.

We're continuing the dealer theme here this morning. Group 1 is a slightly different strategy than we've heard from -- certainly, from Penske and from other dealers. It's expanded into the U.K. Big operations, obviously, here in the U.S. It's retrenching a little bit or retrenching completely from its efforts in Brazil and it's starting to pick up the pace a little bit on acquisitions and going into sort of a little bit more of the growth mode. So there's a lot going on here. So thank you very

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