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Dec 31, 2022

Group 1 Automotive Q4 2022 Earnings Report

Reported record Q4 and full year financial results, with revenue increase driven by double-digit growth across major business lines.

Key Takeaways

Group 1 Automotive reported record fourth quarter and full year 2022 financial results. Total revenues for the quarter were $4.1 billion, a 16.6% increase compared to the prior year quarter. Diluted earnings per common share from continuing operations was $10.75, an 18.6% increase compared to the prior year quarter.

Total revenues for the current quarter were $4.1 billion, a 16.6% increase compared to prior year quarter.

Net income from continuing operations for the current quarter was $156.7 million, a 4.0% decrease compared to the prior year quarter.

Current quarter diluted earnings per common share from continuing operations was $10.75, an 18.6% increase compared to prior year quarter.

The Company repurchased 973,365 shares during the current quarter.

Total Revenue
$4.07B
Previous year: $3.49B
+16.6%
EPS
$10.9
Previous year: $9.54
+13.8%
Gross Profit Used Vehicles
$1.39K
Previous year: $95.4M
-100.0%
Gross Profit New Vehicles
$5.2K
Previous year: $194M
-100.0%
Retail New Vehicles Units Sold
39.92K
Previous year: 35.57K
+12.2%
Gross Profit
$719M
Previous year: $671M
+7.2%
Cash and Equivalents
$47.9M
Previous year: $14.9M
+221.5%
Free Cash Flow
-$9.7M
Previous year: $86.9M
-111.2%
Total Assets
$2.24B
Previous year: $5.75B
-61.1%

Group 1 Automotive

Group 1 Automotive

Group 1 Automotive Revenue by Segment

Group 1 Automotive Revenue by Geographic Location

Forward Guidance

The company did not provide forward guidance in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income