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Mar 31, 2021
Group 1 Automotive Q1 2021 Earnings Report
Group 1 Automotive's Q1 2021 earnings were marked by record financial results, driven by market recovery and cost discipline.
Key Takeaways
Group 1 Automotive reported record first-quarter financial results, with a 242.5% increase in EPS to $5.52 and a 236.2% increase in adjusted EPS to $5.57. The company's total revenues increased by 11.9% to $3.0 billion, driven by U.S. new and used vehicle revenue growth of more than 20 percent.
Net income per diluted share was a first-quarter record of $5.52, a 242.5 percent increase from $1.61 per diluted share as reported for first quarter 2020.
Adjusted net income per diluted share was also a first quarter record of $5.57, a 236.2 percent increase from $1.66 per diluted share as reported for first quarter 2020.
Total revenues was a first quarter record of $3.0 billion, an 11.9 percent increase compared to the total revenues of $2.7 billion in the same period of 2020.
Total gross profit increased 17.8 percent, to $490.7 million.
Group 1 Automotive
Group 1 Automotive
Group 1 Automotive Revenue by Segment
Group 1 Automotive Revenue by Geographic Location
Revenue by Segment
New Vehicle Retail Sales Revenue
CapyFin.comUsed Vehicle Retail Sales Revenue
CapyFin.comUsed Vehicle Wholesale Sales Revenue
CapyFin.comParts and Service Sales Revenue
CapyFin.comFinance & Insurance Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties. The company does not undertake any obligation to update or revise any forward-looking statements after the date they are made.
Positive Outlook
- Expectations regarding the reinstatement of our quarterly dividend
- Plans, and business strategy to repurchase shares of Group 1 common stock
- Our goals
- Our plans
- Our business strategy
Challenges Ahead
- Board approval of future dividends
- General economic and business conditions
- The level of manufacturer incentives
- The future regulatory environment
- Our ability to obtain an inventory of desirable new and used vehicles and impact of supply chain disruptions which occur from time to time
Revenue & Expenses
Visualization of income flow from segment revenue to net income