Group 1 Automotive Provides Business Update
Group 1 Automotive, Inc. (GPI)
Last group 1 automotive, inc. earnings: 2/5 07:07 am
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Source: PR Newswire
HOUSTON, March 25, 2020 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), an international, Fortune 500 automotive retailer, today reported that due to the unprecedented business impact of the COVID-19 virus, Group 1 is implementing a variety of actions to address the sudden reduction in sales and service volume."The sudden impact of this medical and human emergency is clearly disrupting most businesses," said Earl J. Hesterberg, Group 1's president and chief executive officer. "This is requiring us to take many severe and regrettable actions to re-size our business to minimal activity levels in the near term. I believe that the swift and decisive actions that we are taking will enable us to recover quickly when the market recovers as it undoubtedly will."The COVID-19 virus is impacting business levels in all three of Group 1's markets – U.S., U.K., and Brazil – with many dealership operations closed or severely reduced in each of these markets. The latest situation in each regi
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GPI
Earnings
- 4/24/24 - Miss
GPI
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 8-K
- 5/1/24 - Form 144
- GPI's page on the SEC website