Group 1 Automotive(GPI)

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Group 1 Q4 Earnings Surpass Expectations, Sales Rise Y/Y
ZACKS· 2025-01-30 16:20
Core Insights - Group 1 Automotive (GPI) reported fourth-quarter 2024 adjusted earnings per share (EPS) of $10.02, exceeding the Zacks Consensus Estimate of $9.21 and reflecting a year-over-year increase of 5.5% [1] - The company achieved net sales of $5.55 billion, surpassing the Zacks Consensus Estimate of $5.20 billion and increasing from $4.48 billion in the same quarter last year [1] Quarterly Highlights - New vehicle retail sales rose 23.7% year over year to $2.86 billion, exceeding projections of $2.74 billion, with total retail new vehicles sold reaching 57,939 units, a 26.4% increase [2] - Used-vehicle retail sales increased 23.9% from the previous year to $1.65 billion, surpassing the forecast of $1.49 billion, with total retail used vehicles sold at 55,337 units, also up 23.9% [3] - Used-vehicle wholesale sales grew 26% year over year to $128.9 million, exceeding expectations of $112.3 million, while the Parts and Service business saw revenues rise 24.8% to $680.2 million [4] Segment Performance - U.S. business segment revenues increased 12.3% year over year to $4.23 billion, though it fell short of the forecast of $4.29 billion, with gross profit rising 8.7% to $695.9 million [5] - The U.K. business segment experienced a significant revenue jump of 85.3% year over year to $1.31 billion, beating estimates due to strong retail sales, with gross profit surging 102.6% to $183.3 million [6] Financial Position - Selling, general and administrative expenses rose 26% year over year to $614.3 million, while cash and cash equivalents decreased to $34.4 million from $57.2 million [7] - Total debt increased to $2.91 billion as of December 31, 2024, up from $2.1 billion a year earlier [7] Share Repurchase - During the quarter, GPI repurchased 80,300 shares at an average price of $398.30 per share, totaling $32 million, with $476.1 million remaining on its authorized stock buyback program [8]
Group 1 Automotive(GPI) - 2024 Q4 - Earnings Call Presentation
2025-01-29 21:09
4Q24 Summary ($MM) 2,256 2,441 1,299 1,342 182 202 530 576 4Q23 4Q24 Same Store Revenues 9% 11% 3% 8% Total Company Revenues 2,311 2,858 1,334 187 1,653 226 545 680 4Q23 4Q24 25% 21% 24% 24% Fourth Quarter & Full Year 2024 Financial Results Investor Presentation January 29, 2025 Forward looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on ...
Compared to Estimates, Group 1 Automotive (GPI) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-01-29 17:01
Core Insights - Group 1 Automotive (GPI) reported a revenue of $5.55 billion for the quarter ended December 2024, reflecting a year-over-year increase of 23.8% and surpassing the Zacks Consensus Estimate by 6.67% [1] - The earnings per share (EPS) for the quarter was $10.02, an increase from $9.50 in the same quarter last year, exceeding the consensus EPS estimate of $9.21 by 8.79% [1] Financial Performance Metrics - Retail new vehicles sold in the United States reached 43,348, exceeding the three-analyst average estimate of 41,192 [4] - Retail used vehicles sold in the United States totaled 37,699, surpassing the three-analyst average estimate of 36,714 [4] - The average sales price for new vehicles sold in the United States was $52,688, higher than the estimated $51,851.37 [4] - The average sales price for used vehicles sold in the United States was $30,264, compared to the estimated $29,932.46 [4] Revenue Breakdown - Revenues from new vehicle retail sales in the United States were $2.28 billion, exceeding the estimated $2.14 billion and representing a 14.8% increase year-over-year [4] - Revenues from used vehicle retail sales in the United States were $1.14 billion, surpassing the estimated $1.10 billion and showing a 7.1% year-over-year increase [4] - In the United Kingdom, revenues from new vehicle retail sales were $574.10 million, exceeding the average estimate of $532.99 million and reflecting a 78.4% year-over-year increase [4] - Revenues from finance and insurance (F&I) in the United Kingdom were $29.80 million, compared to the estimated $26.15 million, marking a 96.1% year-over-year increase [4] - Total revenues from new vehicle retail sales amounted to $2.86 billion, exceeding the estimated $2.67 billion and representing a 23.7% year-over-year increase [4] - Revenues from finance, insurance, and other net totaled $225.50 million, surpassing the estimated $207.81 million and reflecting a 20.5% year-over-year increase [4] - Total revenues from used vehicle sales were $1.78 billion, exceeding the estimated $1.65 billion and showing a 24.1% year-over-year increase [4] - Revenues from used vehicle wholesale sales were $128.90 million, surpassing the estimated $113.30 million and reflecting a 26% year-over-year increase [4]
Group 1 Automotive (GPI) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-01-29 13:07
Group 1 Automotive (GPI) came out with quarterly earnings of $10.02 per share, beating the Zacks Consensus Estimate of $9.21 per share. This compares to earnings of $9.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.79%. A quarter ago, it was expected that this auto dealer would post earnings of $9.93 per share when it actually produced earnings of $9.90, delivering a surprise of -0.30%.Over the last four quarters, the co ...
Group 1 Automotive(GPI) - 2024 Q4 - Annual Results
2025-01-29 11:46
Exhibit 99.1 | Fourth Quarter 2024 | Consolidated | | Same Store (a | | | --- | --- | --- | --- | --- | | Key Performance Metrics | | | non-GAAP measure) | | | (year-over-year comparable period basis) | | | | | | Reported: | 4Q24 | Change | 4Q24 | Change | | Total revenues | $5.5B | +23.8% | $4.7B | +6.8% | | Total gross profit ("GP") | $879.2M | +20.3% | $743.1M | +4.5% | | NV units sold | 57,939 | +26.4% | 47,354 | +6.0% | | NV GP per retail unit ("PRU") | $3,540 | (12.0)% | $3,486 | (13.6)% | | Used vehi ...
Group 1 Automotive Reports 2024 Fourth Quarter Financial Results and Record Full Year Revenues of $19.9 billion
Prnewswire· 2025-01-29 10:01
Current quarter diluted earnings per common share from continuing operations of $7.08 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $10.02 Full year all-time record retail new and used vehicle units sold of 413,364, a 13.8% increase over the comparable prior year period Gross profit of $879.2 million from total revenues of $5.5 billion, both quarterly records, and a 20.3% and 23.8% increase, respectively, over the comparable prior year per ...
Earnings Preview: Group 1 Automotive (GPI) Q4 Earnings Expected to Decline
ZACKS· 2025-01-22 16:06
Wall Street expects a year-over-year decline in earnings on higher revenues when Group 1 Automotive (GPI) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Janua ...
Group 1 Automotive Schedules Release of Fourth Quarter and Full Year 2024 Financial Results
Prnewswire· 2025-01-14 21:16
HOUSTON, Jan. 14, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 259 dealerships located in the U.S. and U.K., today announced that it will release financial results for the fourth quarter and full year ended December 31, 2024 on Wednesday, January 29, 2025 before the market opens. Daryl Kenningham, Group 1's President and Chief Executive Officer, and the Company's senior management team will host a conference call to discuss t ...
Group 1 Automotive Can Keep Driving Higher
Seeking Alpha· 2025-01-05 13:49
Company Analysis - Group 1 Automotive (NYSE: GPI) is highlighted as a significant investment opportunity with a current market capitalization of $5 48 billion [1] - The company is recognized as a sizable automotive retailer [1] Industry Focus - Crude Value Insights focuses on the oil and natural gas sector emphasizing cash flow analysis and companies with strong value and growth prospects [1] - Subscribers gain access to a 50+ stock model account in-depth cash flow analyses of E&P firms and live chat discussions about the sector [2] Subscription Offer - A two-week free trial is available for those interested in gaining insights into the oil and gas industry [3]
Why Is Group 1 Automotive (GPI) Up 17.4% Since Last Earnings Report?
ZACKS· 2024-11-29 17:37
It has been about a month since the last earnings report for Group 1 Automotive (GPI) . Shares have added about 17.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Group 1 Automotive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Group 1 Q3 Earnings Miss Expect ...