Group 1 Automotive (GPI) Conifer (10% Owner) Buys $40.6M Shares

What Happened

• Conifer Management, L.L.C. (reported as a 10% owner) made a series of open-market purchases of Group 1 Automotive (GPI) stock on September 3–4, 2026.
• Total purchases: 140,280 shares for approximately $40,649,367 (roughly $289–$290 per share). Individual trades ranged from small lots (40–1,132 shares) up to larger blocks (e.g., 39,075; 19,286; 9,865 shares) at prices between ~$277.95 and ~$305.83 across the transactions.
• These were purchases (institutional buys), which are typically read as acquisition activity rather than dispositions.

Key Details

• Transaction dates: Sept 3 and Sept 4, 2026. Prices per lot ranged from about $277.95 to $305.83 (see footnotes for weighted-average ranges by tranche).
• Shares purchased: 140,280. Total value: ≈ $40.65 million. Approximate average price across all trades: ~$290/share.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes: F1 states the shares are owned directly by commingled investment vehicles managed by Conifer and Conifer disclaims beneficial ownership except to the extent of any pecuniary interest. Multiple footnotes (F2–F27) give weighted-average price ranges for grouped purchases and note that Conifer will provide detailed per-price breakdowns on request.
• Timeliness: Filing date is Sept 8, 2026 for trades on Sept 3–4, 2026 — this appears to be past the typical two-business-day Form 4 reporting window (the filing may be late).

Context

• This report is from a 10% owner/institutional manager, not an individual executive; the filing disclaims beneficial ownership beyond any pecuniary interest. Institutional buys can indicate portfolio allocation decisions rather than direct insider confidence.
• No options, awards, gifts, or sales were reported in this Form 4 excerpt — all entries are coded P (purchase).