Conifer Management buys $24.2M in Group 1 Automotive stock

Conifer Management, L.L.C., a 10% owner and director of Group 1 Automotive Inc. (NASDAQ:GPI), acquired common stock totaling $24,232,208 across multiple transactions between October 22 and October 26, 2026.

The purchases involved shares acquired at prices ranging from $226.00 to $249.2967 per share. Following these transactions, Conifer Management, L.L.C. indirectly holds 2,012,290 shares of Group 1 Automotive common stock. The buying comes as the stock trades near its 52-week low of $224.65, down 28% over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels, with shares trading at a P/E ratio of 10.46. This insider activity aligns with an InvestingPro Tip noting that management has been aggressively buying back shares—one of 11 key insights available to subscribers.

The securities are owned directly by various commingled investment vehicles managed by Conifer Management, L.L.C. The reporting person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest, if any, therein.

In other recent news, Group 1 Automotive reported second-quarter 2026 earnings, revealing adjusted earnings of $9.61 per share on revenue of $5.4 billion. These figures fell short of Wall Street’s expectations of $11.01 per share and $5.68 billion in revenue. The company highlighted ongoing cost cuts and service growth but faced challenges with weaker sales and an earnings miss. In a significant development, Group 1 Automotive completed a $1.3 billion acquisition of Hennessy Automobile Companies, which includes 10 dealerships and a collision center in the Atlanta market. This acquisition is expected to support future volumes despite current challenges. On the financial front, Group 1 Automotive secured a $190 million term loan with Bank of America to support its operations. Analyst opinions varied, with StoneX reiterating a Buy rating with a $425 price target, while Morgan Stanley downgraded the stock to Underweight, citing execution risks and industry challenges.