Activist Conifer Adds $66.3M to Group 1 Stake, Now Holds 1.9M Shares
GPI is trading near its 52-week low of $235.11 (2.3% above the low).
Summary
Activist Conifer Management bought another $66.3 million of Group 1 Automotive stock on September 28-30, lifting its stake to 1.9 million shares as the stock trades near its 52-week low.
Key Events · Ownership and Investor Activity · GPI
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Conifer Buys $66.3M More GPI Stock
Conifer Management purchased 273,712 shares for $66,278,316 across 29 open-market transactions on September 28-30, 2026, at prices from $235.63 to $250.35.
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Stake Rises to 1.9M Shares
Post-transaction holdings reached 1,912,290 shares, up from approximately 1.64 million shares after the prior Form 4 filed September 28, 2026.
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Activist Buying Near 52-Week Low
The purchases occurred while GPI trades near its 52-week low of $235.11, with the stock at $240.44 as of September 30, 2026.
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Follows Board Seat Agreement
The buying comes after a September 22 Stockholder Agreement that added Conifer analyst Benjamin Hart to Group 1's board, cementing the activist's influence.
Analysis · GPI · Trade & Services
Conifer Management, L.L.C. purchased $66.3 million of Group 1 Automotive stock across 29 open-market transactions on September 28-30, 2026, at prices between $235.63 and $250.35. This brings its total position to 1,912,290 shares, up from roughly 1.64 million shares after its prior Form 4 filing on September 28. The buying comes just days after Conifer signed a Stockholder Agreement with Group 1 that added Conifer analyst Benjamin Hart to the board, and follows a series of escalating purchases that have raised its stake from 9.7% in August to 15% as of the latest 13D/A. The stock is trading near its 52-week low, and Conifer is buying aggressively into that weakness — a strong signal of conviction from an activist that now has board representation.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GPI was trading at $240.44 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $235.11 to $461.27. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.