Group 1 Automotive Inc

GPI

Equity

ISIN US3989051095 / Valor 725249

New York Stock Exchange, Inc (2025-04-01)

USD 389.90+2.08%

Group 1 Automotive Inc
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About company

Group 1 Automotive Inc is a publicly traded automotive retailer that operates dealerships selling new and used vehicles.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the third quarter of 2024, Group 1 Automotive Inc. reported total revenues of $5.2 billion, marking an 11.0% increase compared to the same period in 2023. This growth was driven by strategic acquisitions and expansion efforts, particularly in the U.K. market.

Profit and Earnings

Group 1 Automotive Inc. achieved a gross profit of $852.7 million in the third quarter of 2024, setting a new quarterly record. However, net income from continuing operations decreased by 28.6% to $117.1 million, primarily due to higher interest expenses and depreciation.

Earnings Per Share

The company's diluted earnings per common share from continuing operations for the third quarter of 2024 were $8.68, a 25.6% decrease from the previous year's $11.67. Adjusted diluted earnings per share, excluding certain costs, were $9.90, reflecting an 18.0% decline year-over-year.

Vehicle Sales Performance

Group 1 Automotive Inc. set quarterly records for both new and used vehicle units sold in the third quarter of 2024. Despite this achievement, the gross profit per retail unit for new vehicles decreased by 20.5%, while used vehicles saw a 1.7% decline in gross profit per retail unit.

Strategic Acquisitions

During the third quarter of 2024, Group 1 Automotive Inc. expanded its operations by acquiring several dealerships in the U.K., including four Mercedes-Benz dealerships and a BMW/MINI dealership. These acquisitions are expected to contribute significantly to the company's annual revenues, with a combined expected total of approximately $3.9 billion.

Summarized from source with an LLMView Source

Key figures

34.7%1Y

137%3Y

851%5Y

Performance

30.2%1Y

36.3%3Y

50.6%5Y

Volatility