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Sep 30, 2023
Group 1 Automotive Q3 2023 Earnings Report
Group 1 Automotive's financial performance reached record levels with significant revenue growth and profitability in Q3 2023.
Key Takeaways
Group 1 Automotive reported record financial results for the third quarter of 2023, with total revenues reaching $4.7 billion and gross profit at $786.2 million. The company saw increases in new vehicle, used vehicle retail, and parts and service revenues.
Record quarterly revenues of $4.7 billion, a 13.0% increase over the comparable prior year period.
Parts and Service revenues reached an all-time high for the 10th consecutive quarter, a 10.0% increase over the comparable prior year period.
Diluted earnings per common share from continuing operations of $11.67.
Adjusted diluted earnings per common share from continuing operations was a record $12.07.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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