Earl Hesterberg

Group 1's Q4 net income, revenue rise despite challenges

9:09 am U.S. ET | Feb. 5, 2014
Group 1 Automotive said today its fourth quarter and 2013 net income and revenue grew despite challenges to new- and used-vehicle profits in the United States. The auto retailer saw profit gains from its parts and service business and finance and insurance sales.... Read More »

 

Group 1 buys two stores in San Diego market

11:51 am U.S. ET | Jan. 22, 2014
Group 1 Automotive has acquired two dealerships from the Homer Heller Automotive Group in Escondido, Calif. The deal further expands Group 1's footprint in the San Diego market.... Read More »

 

Group 1 buys 5 Ga. dealerships

1:42 pm U.S. ET | Dec. 10, 2013
Group 1 Automotive has acquired five dealerships from Jay Automotive Group in Columbus, Ga. The deal further cements Group 1's presence in that market after it bought Rivertown Ford there last year, the company said in a statement Monday.... Read More »

 

Group 1 Automotive net rises 5% amid higher expenses

10:49 am U.S. ET | Oct. 24, 2013
Group 1 Automotive said today that third-quarter net profit rose 5 percent from the year-earlier period on an 18 percent rise in revenues. It said profits were held back by higher expenses and thinner margins on lagging vehicle sales.... Read More »

 

FACE TO FACE

Hesterberg learned hustle as a teen cleaning windows

12:01 am U.S. ET | Sept. 30, 2013
Before becoming Group 1's CEO in 2005, Earl Hesterberg spent several years at Ford, Nissan and Gulf States Toyota. But his first glimpse of cutthroat competition in the auto world came while working at a Shell station in Cincinnati as a teenager.... Read More »

 

Group 1 CEO sees little threat from higher interest rates

12:01 am U.S. ET | Sept. 9, 2013
Group 1 Automotive Inc. CEO Earl Hesterberg expects the U.S. auto market to remain robust, even with a likely rise in interest rates.... Read More »

 

Group 1 mulls rebranding stores -- later

12:01 am U.S. ET | Sept. 2, 2013
Group 1 Automotive Inc. is considering rebranding many of its 139 stores with the Group 1 name -- but not anytime soon.... Read More »

 

Group 1 acquires La. Ford store, preps for more acquisitions

12:38 pm U.S. ET | June 25, 2013
Group 1 Automotive, the nation's fourth-largest auto dealership group, has acquired Rountree Ford-Lincoln in Shreveport, La. Separately, Group 1 said it secured a revolving credit to give it added capital for more acquisitions over the next five years.... Read More »

 

Group 1 sells four dealerships

3:51 pm U.S. ET | June 7, 2013
Group 1 Automotive sold four dealerships during the past three weeks and will post a one-time net pretax gain of $8.3 million during the second quarter.... Read More »

 

Group 1 operating income rises on higher new-vehicle sales

10:40 am U.S. ET | May 2, 2013
Higher new-vehicle sales and increased gross profits in all business segments drove Group 1 Automotive's operating income higher during the first quarter of 2012, but net income dropped 4 percent.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, needed more used cars. But driving 150 miles to the nearest auction was time-consuming and costly. Mon., April 14
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