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What is 'Pawn Your Diamond'?
'Pawn Your Diamond' offers the community information
about the Fortune 500 companies.
Why the name?
The aim behind our name is to give young
entrepreneurs the incentive to start from scratch with
the hope that this small money they got from pawning a
diamond they had aside, grows and flourishes into a
multi billion dollar corporation.
Too dreamy?
Simply NOT. Such famous corporations did not exist
forever. Each and every foundation did start somewhere
and usually had one or a few founding members. So grab
the general concept and work hard!
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Fortune 500 - Spot Number 361
Company Information
Name: Group 1 Automotive, Inc.
Industry: Reuters Industry
Description: Group 1 Automotive, Inc. is an operator and consolidator automotive retailing industry. Through a series of acquisitions, the Company operates 114 dealership franchises in California, Colorado, Florida, Georgia, Louisiana, Massachusetts, New Mexico, Oklahoma and Texas. Through its dealerships and Internet sites, Group 1 sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services, and sells replacement parts.
Financial Summary: GPI is an operator and consolidator in the automotive retailing industry. The Company operates 122 automotive dealership franchises located in 10 states (CA, CO, FL, NJ, GA, LA, MA, NM, OK and TX). For the 6 months ended 6/30/05, revenues increased 21% to $2.97B. Net income before acct. change rose 24% to $32.5M. Results reflect increased unit sales of new vehicles due to dealership acquisitions and an increase in operating margin.
Business Summary: Group 1 Automotive, Inc. (Group 1 Automotive) is an automotive retailer, which owns and operates 142 dealership franchises and 32 collision centers primarily located in metropolitan markets in California, Colorado, Florida, Georgia, Louisiana, Massachusetts, New Jersey, New Mexico, New York, Oklahoma and Texas. Through its dealerships and Internet sites, the Company sells new and used cars and light trucks; arranges related financing, vehicle service and insurance contracts; provides maintenance and repair services, and sells replacement parts. The franchises are organized into 15 platforms that are managed by local platform management teams and, at the dealership level, by general managers who report to the platform management. In 2004, Group 1 Automotive acquired 23 franchises, which included new platforms in California, New Jersey and New York and seven tuck-in acquisitions added to the Company's existing platforms in California, Massachusetts and Texas.
Misc Details
Symbol: GPI
City: Houston
State: TX
ZIP Code: 77024
Address: 950 Echo Lane
Suite 100
Phone: 713-647-5700
Fax: 713-647-5800
Website: http://www.group1auto.com
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