BNET Industries
Market Cap:$563.6M
Last Fiscal Year Sales:$5.6B
- Public
- US
Dow Jones Description
Group 1 Automotive, Inc., a Delaware corporation, is a leading operator in the $1.0 trillion automotive retail industry. As of December 31, 2008, we owned and operated 127 franchises at 97 dealership locations and 23 collision service centers in the United States of America (the U.S.) and six franchises at three dealerships and two collision centers in the United Kingdom (the U.K.). Through our operating subsidiaries, we market and sell an extensive range of automotive products and services, including new and used vehicles and related financing, vehicle maintenance and repair services, replacement parts, warranty, insurance and extended service contracts. Our operations are primarily located in major metropolitan areas in the states of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, Oklahoma, South Carolina and Texas in the U.S. and in the towns of Brighton, Hailsham and Worthing in the U.K. As of December 31, 2008, our retail network consisted of the following three regions (with the number of dealerships they comprised): (i) the Eastern (40 dealerships in Alabama, Florida, Georgia, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York and South Carolina), (ii) the Central (46 dealerships in Kansas, Oklahoma and Texas) and (iii) the Western (11 dealerships in California). ...
Director, President and Chief Executive OfficerEarl J. Hesterberg
Number of Employees 7,687
Peer Companies
NAICS Code New Car Dealers: 441110
Recent Events
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Soleil Securities Maintains a 'Hold' on Group 1 Automotive GPI; Raises Price Target
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Wachovia Downgrades Group 1 Automotive GPI to Market Perform; Fairly Valued at Current Level
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BRIEF-Goldman upgrades Group 1 Automotive, cuts Penske Automotive
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UPDATE: Group 1 To Speed Cost-Cuts, Cut Vehicle Orders
News & Analysis
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group 1 automotive inc. - All News and Analysis
Group 1 Automotive Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, sir. Operator Instructions. We’ll take our first question from John Murphy with Merrill Lynch. John Murphy - Merrill Lynch This quarter was probably one of the cleanest, we’ve seen in a long time really just from the disc ops perspective. And, I think it’s probably...
Group 1 Automotive Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We’ll hear first from John Murphy – Bank of America-Merrill Lynch. John Murphy – BAS-ML Just a question on the cost cutting and the cost saves. The $100 million is completely incremental in 2009 meaning the $20 million or so that...
Group 1 Automotive Inc Q3 2008 Earnings Call Transcript.
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of John Murphy - Merrill Lynch. John Murphy - Merrill Lynch John, you guys did some work on your coverage at the beginning of this year. We worked with the banks to get some more head room...
Analyst Reports for Guess?, Inc., Group 1 Automotive Inc., BorgWarner Inc., and Hovnanian Enterprises Inc.
MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Guess?,...
Group 1 Automotive: Best-Run Player in the Sector
In a recent edition of Value Investor Insight, First Pacific Advisors’ Steven Romick described why he sees unrecognized value in Group 1 Automotive GPI. Turning to some specific equity ideas, what’s behind your interest in Group 1 Automotive GPI? by Value Investor Insight
Group 1 Automotive, Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from John Murphy with Merrill Lynch. John Murphy - Merrill Lynch I was just wondering if you could talk a little bit about what’s going on with Chrysler and the pull back in leasing in the US. ...
Group 1 Automotive Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from John Murphy with Merrill Lynch. Please go ahead. John Murphy - Merrill Lynch Good morning guys. Earl Hesterberg Good morning John. John Murphy - Merrill Lynch Just wondering on SG&A, you guys really attaching up to the...
Group 1 Automotive to Present at Morgan Stanley Conference
HOUSTON -- Group 1 Automotive, Inc. (NYSE:GPI), a Fortune 500 automotive retailer, today announced that executive management will present at the Morgan Stanley Global Automotive Conference. The presentation will provide an overview of Group 1's fourth-quarter financial results, as well as its outlook and strategy for 2008. Group 1...
Group 1 Automotive Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question is from Edward Yruma – J.P. Morgan. Edward Yruma – J.P. Morgan Have you seen any impact in credit availability to your consumers? Is it much tougher to get subprime consumers financed and have rates ticked...
Group 1 Automotive Inc. Added to Bellwether Watch List.
M2 PRESSWIRE-22 February 2007-Blue Chip News: Group 1 Automotive Inc. Added to Bellwether Watch ListC1994-2007 M2 COMMUNICATIONS LTD RDATE:22022007 Group 1 Automotive is only one in a group of firms AutoNation and United Auto Group are the largest striving to consolidate US...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Earl J. Hesterberg | Director, President and Chief Executive Officer |
| John C. Rickel | Senior Vice President and Chief Financial Officer |
| Randy L. Callison | Senior Vice President, Operations and Corporate Development |
| Darryl M. Burman | Vice President, General Counsel and Corporate Secretary |
| David L Hutton | Regional Vice President, West Region |
| Frank Grese JR. | Regional Vice President, Central Region |
| Gigi L. Myung | Vice President, Purchasing |
| J. Brooks O'Hara | Vice President, Human Resources |
| J. Brooks O. Hara | Vice President, Human Resources |
| J. Stevens Waller | Vice President, Corporate Development |
| James R. Druzbik | Vice President, Information Systems |
| Lance A. Parker | Vice President |
| Lee Mitchell | Vice President, Financial Services |
| M. Lee Mitchell | Vice President, Finance Services |
| Peter C. DeLongchamps | Vice President, Manufacturer Relations and Public Affairs |
| Philip W. Bres | Vice President, Variable Operations |
| Steve Waller | Vice President, Corporate Development |
| Wade D. Hubbard | Vice President, Fixed Operations |
| Kim Craig | Treasurer & Director |
| Kim Paper Canning | Manager, IR |
| John Watson | Secretary |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John L. Adams | Director, Chairman of the Board |
| B. B. Hollingsworth | Board of Directors |
| Beryl Raff | Board of Directors |
| Louis Lataif | Board of Directors |
| Max P. Watson | Board of Directors |
| Robert Howard | Board of Directors |
| Stephen D. Quinn | Board of Directors |
Earl J. Hesterberg joined Group 1 as President and Chief Executive Officer and as a director in April 2005. Mr. Hesterberg had served as Group Vice President, North America Marketing, Sales and Service for Ford Motor Company since 2004. From July 1999 to September 2004, he served in a similar role as Vice President, Marketing, Sales and Service for Ford of Europe. Mr. Hesterberg has also served as President and Chief Executive Officer of Gulf States Toyota, as well as held various senior sales, marketing, general management, and parts and service positions with Nissan Motor Corporation in U.S.A. and Nissan Europe. He also serves on the Board of Directors of the Greater Houston Partnership, a local non-profit organization dedicated to building regional economic prosperity.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Director, President and Chief Executive Officer | Current |
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Gulf States Toyota, Inc. | Chief Executive Officer | Former |
| Gulf States Toyota, Inc. | President | Former |
| Nissan Motor Co., Ltd. | Former |
John C. Rickel was appointed Chief Financial Officer in December 2005. Prior to joining Group 1, Rickel held a number of executive and managerial positions of increasing responsibility with Ford Motor Company beginning 1984. He most recently served as Controller, Ford Americas, where he was responsible for the financial management of Ford's western hemisphere automotive operations. Immediately prior to that, he was Chief Financial Officer of Ford Europe, where he oversaw all accounting, financial planning, information services, tax and investor relations activities.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Senior Vice President and Chief Financial Officer | Current |
Randy L. Callison has served as Senior Vice President, Operations and Corporate Development since June 2006. He previously served as Vice President, Operations and Corporate Development from January 2006 - May 2006, Vice President, Corporate Development from August 1998 - December 2005, and as Director of Corporate Development from February 1997 - August 1998. Prior to joining Group 1 in 1997, Callison began his automotive career in 1985 within automotive dealership companies serving in various leadership positions, including controller, CFO and general manager.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Senior Vice President, Operations and Corporate Development | Current |
| Group 1 Automotive, Inc. | Director of Corporate Development | Former |
Darryl M. Burman joined Group 1 as Vice President, General Counsel and Corporate Secretary in December 2006. Prior to joining Group 1, he served the Houston office of the Epstein Becker & Green, P.C. law firm, where he was a partner and head of its corporate and securities practice. Burman has gained significant experience in automotive related transactions including acquisitions, financing and manufacturer relations with more than 20 years of experience in mergers and acquisitions, corporate finance, employment and securities law, working with public corporations, private equity firms and individuals. He earned his bachelors degree from the University of South Florida and his Doctor of Jurisprudence from South Texas College of Law.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, General Counsel and Corporate Secretary | Current |
| Group 1 Automotive, Inc. | General Counsel | Former |
| South Texas College of Law | J.D. | Former |
| University of South Florida | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Regional Vice President, West Region | Current |
| Miller Automotive Group Inc. | Platform President | Former |
| Miller Automotive Group Inc. | Coo | Former |
Frank Grese Jr. has served as Regional Vice President of the Central Region since January 2006. He previously served as Platform President of Group 1 Atlanta from December 2004 - December 2005. After graduating from the University of Georgia, he began his automotive career in the Ford Management Training Program in 1974. Following Ford, he joined Nissan where he ultimately held the position of National Dealer Advertising Manager. In 1986, Grese left the manufacturer side of the business and began working in various executive positions, including chief operating officer and district president, with large public and private dealer groups. He last served as Director of Dealership Operations, working extensively with underperforming stores, for a large private dealer group.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Regional Vice President, Central Region | Current |
| The University of Georgia | Graduate | Former |
Gigi L. Myung joined Group 1 as Vice President of Purchasing in January 2007. She has more than a decade of experience in sales management, operations, supply chain management, outsourcing solutions and cost-savings initiatives for Fortune 500 companies including W.W. Grainger, The Home Depot and Dell Computer. Myung also gained automotive experience holding various positions at Toyota Motor Sales and Nissan Motor Company from 1987 to 1994. Most recently, she served as Regional Vice President of Sales at W.W. Grainger, Inc., a broad line supplier of facilities maintenance products. Myung earned a bachelor's degree in Petroleum Engineering from the University of Tulsa and an MBA and master's degree in International Management from the American Graduate School of International Management at Thunderbird in Glendale, Arizona.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Purchasing | Current |
| W.W. Grainger, Inc. | Regional Vice President of Sales | Former |
| American Graduate School of International Management | Master's Degree In International Management | Former |
| American Graduate School of International Management | MBA | Former |
| The University of Tulsa | Bachelor's Degree In Petroleum Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Human Resources | Current |
| Toyota of the Black Hills | Independent Distributor | Former |
Mr. O Hara has served as Vice President, Human Resources since February 2000. From 1997 until joining Group 1, Mr. O Hara was Corporate Manager of Organization Development at Valero Energy Corporation, an integrated refining and marketing company. Prior to joining Valero, Mr. O Hara served for a number of years as Vice President of Administration and Human Resources at Gulf States Toyota, an independent national distributor of new Toyota vehicles, part and accessories. Mr. O Hara is a Senior Professional in Human Resources (SPHR).
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Human Resources | Current |
| Gulf States Toyota, Inc. | Vice President of Administration and Human Resources | Former |
Steve Waller joined Group 1 as Vice President, Corporate Development in February 2006. Steve has more than 15 years of experience in automotive-related fields, having most recently served as Capital Automotive REIT's Central Region Vice President. He previously served as Vice President for Comerica Bank overseeing all aspects of sales, marketing and customer care initiatives for their automobile dealership portfolio in four states.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Corporate Development | Current |
James R. Druzbik has served as Group 1's Vice President of Information Systems since November 2006. Since joining the Company in September 1999, he held the positions of Director of Information Systems from November 2002 - November 2006 and e-Commerce Manager from September 1999 - November 2002. Prior to joining Group 1, Druzbik served in various management , sales, operating and information systems roles with both Dealer Solutions and an automotive dealership. He earned a bachelors degree from the University of Houston.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Information Systems | Current |
| Group 1 Automotive, Inc. | Director of Information Systems | Former |
| Group 1 Automotive, Inc. | E-Commerce Manager | Former |
| The University of Houston | Bachelors Degree | Former |
Lance A. Parker has served as Group 1’s Vice President and Corporate Controller since November 2006. He previously held the positions of Director and Corporate Controller from September 2006 - November 2006 and Director of Corporate Compliance from August 2004 - November 2006. Prior to joining Group 1 in August 2004, Parker served as Controller of AdPlex-Rhodes after working in public accounting for 10 years. He is a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President | Current |
| Group 1 Automotive, Inc. | Corporate Controller | Current |
| Group 1 Automotive, Inc. | Director of Corporate Compliance | Former |
| Adplex Rhodes, Inc. | Controller | Former |
| Adplex | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Financial Services | Current |
Lee Mitchell has served as Vice President, Financial Services since January 2008. He previously served as Director, Financial Services from February 2006 - January 2008. Prior to joining Group 1, he served as a Vice President of Dealer Services at EFG Companies. Mitchell has held various management roles with increasing responsibility in the automotive industry after earning his bachelor's degree from the University of North Texas in 1993.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Finance Services | Current |
Peter C. DeLongchamps has served as Group 1's Vice President, Manufacturer Relations and Public Affairs since January 2006. He had previously served as Vice President, Manufacturer Relations from July 2004 - December 2005. DeLongchamps began his automotive retailing career in 1980, having served as District Manager for General Motors Corporation and Regional Operations Manager for BMW of North America, as well as other various management positions in the automotive industry. Immediately prior to joining Group 1 in 2004, he was President of Advantage BMW based in Houston.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Manufacturer Relations and Public Affairs | Current |
| Advantage BMW | President | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Variable Operations | Current |
Steve Waller joined Group 1 as Vice President, Corporate Development in February 2006. Steve has more than 15 years of experience in automotive-related fields, having most recently served as Capital Automotive REIT's Central Region Vice President. He previously served as Vice President for Comerica Bank overseeing all aspects of sales, marketing and customer care initiatives for their automobile dealership portfolio in four states.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Corporate Development | Current |
| Comerica Bank | Vice President | Former |
Wade D. Hubbard joined Group 1 as Vice President, Fixed Operations in May 2006. Prior to joining Group 1, he served as Director, Parts and Service Operations for Gulf States Toyota, Inc. Hubbard held various parts, service and management positions at BMW North America, DaimlerChrysler Corp./ Mercedes-Benz and Nissan Motor Corporation USA after beginning his career in the automotive industry at Ford Motor Company in 1979.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Vice President, Fixed Operations | Current |
| Gulf States Toyota, Inc. | Director, Parts and Service Operations | Former |
| Nissan Motor Corporation USA | Parts, Service and Management Positions | Former |
Kim Craig joined Group 1 as Director and Treasurer in June 2006 with responsibility for the risk, cash management and treasury functions. Prior to joining Group 1, she served as a management consultant to BMC Software, Director of International Cash and Treasury for Duke Energy Corporation, and General Manager of Corporate Reporting for Columbia Energy. Craig started her career at ConocoPhillips where she held various positions during her eleven-year tenure at the company.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Treasurer & Director | Current |
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Columbia Energy Inc | General Manager of Corporate Reporting | Former |
| Duke Energy Corporation | Director of International Cash and Treasury | Former |
| Columbia Energy Inc | Management Consultant | Former |
| Duke Energy Corporation | Management Consultant | Former |
| BMC Software, Inc. | Management Consultant | Former |
| Group 1 Automotive, Inc. | Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Manager, IR | Current |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Secretary | Current |
| Group 1 Automotive, Inc. | Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Boys & Girls Clubs of America | Trustee | Current |
| Group 1 Automotive, Inc. | Director, Chairman of the Board | Current |
| Trinity Industries, Inc. | Board of Directors | Current |
| Dr Pepper Snapple Group, Inc. | Board of Directors | Current |
| Group 1 Automotive, Inc. | Audit Committee Member | Current |
| Trinity Industries, Inc. | Executive Vice President | Former |
| Trinity Industries, Inc. | Vice Chairman | Former |
| Group 1 Automotive, Inc. | Board Director | Former |
| American Express Bank Ltd. | Board Director | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Group 1 Automotive, Inc. | Chairman & President | Former |
Beryl Raff has served as one of Group 1’s independent directors since June 2007. Ms. Raff is Executive Vice President-General Merchandising Manager for the Fine Jewelry Division of J.C. Penney Company, Inc., with whom she has been employed since 2001. Previously, she held executive positions at Zale Corporation and R.H. Macy Corporation. Ms. Raff also serves on the Board of Directors, the Corporate Governance Committee and as the Chairman of the Compensation Committee of Jo-Ann Stores, Inc. In addition, Ms. Raff serves on the Advisory Board of Jewelers Circular Keystone and on the Board of Directors of Dallas Summer Musicals, a not-for-profit theater company.
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Dallas Summer Musicals | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Boston University School of Management | Dean | Current |
| ABIOMED, Inc. | Dean of the Boston University School of Management | Current |
| Techleb|07 Conference | Current | |
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Interaudi Bank | Board of Directors | Current |
| Magna Entertainment Corp. | Board of Directors | Current |
| ABIOMED, Inc. | Board of Directors | Current |
| Magna International Inc. | Board of Directors | Current |
| Harvard University | MBA | Former |
| Boston University | BS | Former |
Mr. Watson has served as one of our directors since May 2001. Mr. Watson served as President and Chief Executive Officer of BMC Software, Inc., a leading provider of enterprise management solutions, from April 1990 to January 2001. He served as Chairman of the Board of Directors of BMC from January 1992 to April 2001. Mr. Watson is Chairman of the Board of Trustees of Texas Children s Hospital.
| Organization | Position | Status |
|---|---|---|
| Texas Children's Hospital | Chairman | Current |
| Scenic Houston | Board of Directors | Current |
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Group 1 Automotive, Inc. | Finance, Risk Management Committee Member | Current |
| BMC Software, Inc. | Chief Executive Officer | Former |
| BMC Software, Inc. | President | Former |
| BMC Software, Inc. | Board Chairman | Former |
| Group 1 Automotive, Inc. | Compensation Committee Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Group 1 Automotive, Inc. | Finance, Risk Management Committee Member | Current |
| Bob Howard Auto Group | President | Former |
Quinn joined the Zions Bancorporation board of directors in 2002. He is retired from Goldman, Sachs & Co ., where he was managing director and general partner, and specialized in Corporate Finance. He spent two decades at Goldman Sachs structuring financings and other transactions for some of America's best-known corporations. In addition to Zions, he is a director of Group 1 Automotive, Inc. and American Express Bank, Ltd. Quinn is a graduate of Brigham Young University and the Harvard University Graduate School of Business.
| Organization | Position | Status |
|---|---|---|
| Zions Bancorporation | Board of Directors | Current |
| Group 1 Automotive, Inc. | Board of Directors | Current |
| Group 1 Automotive, Inc. | Nominating, Governance Committee Member | Current |
| Goldman, Sachs & Co. | Managing Director | Former |
| Goldman, Sachs & Co. | General Partner | Former |
| Group 1 Automotive, Inc. | Finance, Risk Management Committee Chairman | Former |
| American Express Bank Ltd. | Director | Former |
Executive News
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Group 1 Halves Borrowing Capacity With Ford To $150 Million
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Group 1 Automotive Reduces Ford Motor Credit Financing Capacity
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Group 1 Automotive to Present at Wachovia's Mid-Year Equity Conference
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The uncharted waters of government ownership
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Meddling with Detroit?
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Obama may find it tough not to meddle in GM affairs
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Angry Dealers Fight Closings
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Angry Car Dealers Try to Fight Closings
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Group 1 Automotive to Present at Stephens Inc. Investment Conference
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