Group 1 Automotive reported a record fourth quarter revenue of $3.1 billion, a 7.0 percent increase year-over-year. Net income for the quarter was $48.1 million, with diluted earnings per share of $2.57. The company experienced double-digit gross profit growth in total used vehicles and parts & service.
Total revenue increased 7.0 percent to a fourth quarter record of $3.1 billion.
Total gross profit increased 7.5 percent to $464.6 million.
Retail used vehicle revenues increased 8.8 percent on 7.1 percent higher unit sales.
Parts and service gross profit grew 10.1 percent on revenue growth of 6.9 percent.
The company's senior management will host a conference call to discuss the fourth quarter and full year 2019 financial results and the Company’s outlook and strategy.
Visualization of income flow from segment revenue to net income