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Sep 30, 2021
Group 1 Automotive Q3 2021 Earnings Report
Group 1 Automotive achieved record EPS and revenue growth, driven by strong vehicle margins and cost control.
Key Takeaways
Group 1 Automotive reported record third-quarter results, with EPS increasing by 36.5% and total revenues increasing by 15.4%. The company benefited from strong vehicle margins, improved service volume, and diligent cost control. The company continues to expand its portfolio through acquisitions.
Record quarterly EPS of $9.33, a 36.5% increase year-over-year.
Total revenues increased 15.4% to $3.5 billion.
Gross profit increased 27.6% to $653.2 million.
Company remains on track to close the purchase of the Prime Auto Group in November.
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
Assuming no material change in consumer demand, the dynamic of selling new vehicles almost immediately upon manufacturer delivery should continue throughout the fourth quarter and into 2022. In addition to the recently announced dealership acquisition in the Dallas and Sacramento markets, the company remains on track to close the purchase of the Prime Auto Group in November.
Positive Outlook
- Continued strong vehicle margins.
- Further improvement in service volume.
- Diligent cost control.
- Selling most new vehicles almost immediately upon manufacturer delivery.
- On track to close the purchase of the Prime Auto Group in November.
Challenges Ahead
- No material change in consumer demand.
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income