Conifer Management buys about $24.2 million of Group 1 Automotive stock

Conifer Management bought about $24.2 million of Group 1 Automotive stock over three trading days, according to a Form 4 filed with the SEC.

The investment firm, which reports as a 10% owner of the auto retailer, bought 100,000 shares from Oct. 22 through Oct. 26 at prices ranging from about $226 to about $249.84, the filing shows.

Conifer bought 45,000 shares on Oct. 22 for about $10.8 million, 34,529 shares on Oct. 23 for about $8.4 million and 20,471 shares on Oct. 26 for about $5.0 million, based on the weighted average prices reported. The price it paid rose through the buying spree.

Holding after the purchases

After the last trade, the commingled investment vehicles managed by Conifer held 2,012,290 Group 1 shares, according to the filing. Conifer disclaimed beneficial ownership of the shares except to the extent of its pecuniary interest.

The filing does not indicate that the purchases were made under a Rule 10b5-1 trading plan.

What to watch

Open-market buying by a large holder is less common than insider selling. Investors will watch for further Form 4 filings showing whether Conifer keeps adding to its position.

Sources

1. Group 1 Automotive, Inc., Form 4 for Conifer Management, L.L.C., filed Oct. 26, 2026 (accession 0000905148-26-004561)

This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.

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