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Jun 30, 2020
Group 1 Automotive Q2 2020 Earnings Report
Group 1 Automotive delivered strong profitability via cost control and faster-than-expected market recovery.
Key Takeaways
Group 1 Automotive reported a second quarter net income of $30.2 million, with a total revenue of $2.1 billion. The company's ability to react quickly to lower levels of business activity and rapid cost cuts, combined with a quicker-than-expected U.S. auto market recovery, enabled them to achieve very strong operating results.
Total revenue decreased 29.1 percent to $2.1 billion.
Total gross profit decreased 21.0 percent to $358.8 million.
F&I gross profit per retail unit increased 9.1 percent to $1,697.
Adjusted SG&A as a percent of gross profit decreased 1,100 basis points to 62.8 percent.
Group 1 Automotive
Group 1 Automotive
Group 1 Automotive Revenue by Segment
Group 1 Automotive Revenue by Geographic Location
Forward Guidance
No specific forward guidance provided in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income