Conventum – Alluvium Global Fund said it began a complete divestment of Group 1 Automotive, Inc. after flagging a misjudged UK acquisition and a high debt level, according to its second-quarter 2026 investor letter. The fund said it only sold a small portion of the position before the share price fell to an unacceptable level, and the holding now accounts for 2.3% of the Fund. Group 1 Automotive reported results without too many surprises, though servicing and parts revenue in the US was hurt by poor weather, and the company announced significant job cuts of nearly 700 across its US operations. The stock fell 11.8% in the quarter, closed at $262.22 per share on September 16, 2026, declined 0.61% over the past month and lost 43.11% over the past 52 weeks, giving it a market capitalization of $3.12 billion and a 52-week trading range of $249.54 to $467.95. The Fund itself declined 1.4% in EUR terms, 2.2% in USD terms and 3.9% in AUD terms in the quarter, a period it described as a sharp shift from geopolitical uncertainty and oil market volatility to a powerful equity rally led by semiconductor companies.
Group 1 Automotive IncAlluvium Global Fund is divesting Group 1 Automotive, citing a misjudged UK acquisition and high debt level
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