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Jun 30, 2023
Group 1 Automotive Q2 2023 Earnings Report
Achieved record quarterly total revenues and gross profit, driven by all-time record new vehicle revenues and parts and service revenues.
Key Takeaways
Group 1 Automotive reported record financial results for Q2 2023, with all-time record quarterly total revenues of $4.6 billion and total gross profit of $775.5 million. The company saw significant growth in new vehicle and parts and service revenues.
Record quarterly total revenues and gross profit achieved.
All-time quarterly record new vehicle revenues, a 21.2% increase year-over-year.
Parts and service revenues set record for the 9th consecutive quarter, an 11.8% increase year-over-year.
Acquired three Buick-GMC dealerships and one Kia dealership in Texas, expected to generate $845.0 million of annual revenues.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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