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Group 1 Automotive dealership with cars, service bays and a falling GPI stock chart illustrating Conifer's $40.6 million contrarian investment.

🚗 Group 1 Automotive (GPI): A $40.6M Hedge Fund Buy, 6× Forward P/E—and the Car Loan Crunch

Group 1 Automotive has fallen roughly 41% from its peak, earnings are weakening and auto affordability is under pressure. Yet Conifer Management just bought another $40.6 million of GPI near $290. With the stock around 6× forward earnings, a powerful service business and a $1.7 billion Hennessy expansion ahead, is this falling knife becoming a bargain?

 

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