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Sep 30, 2024
Group 1 Automotive Q3 2024 Earnings Report
Group 1 Automotive's Q3 2024 performance showcased record revenues and gross profits, although net income and EPS experienced a decline compared to the prior year.
Key Takeaways
Group 1 Automotive reported record third-quarter revenues of $5.2 billion and gross profit of $852.7 million, marking increases of 11.0% and 8.4%, respectively, compared to the prior year. However, net income from continuing operations decreased by 28.6% to $117.1 million, and diluted earnings per share from continuing operations fell by 25.6% to $8.68, impacted by higher interest and depreciation expenses.
Total revenues increased by 11.0% year-over-year, reaching $5.2 billion.
Gross profit rose by 8.4% compared to the previous year, totaling $852.7 million.
Net income from continuing operations decreased by 28.6% to $117.1 million.
Diluted earnings per share from continuing operations were $8.68, a 25.6% decrease year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
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Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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