Group 1 Automotive Q4 2023 Earnings Report
Key Takeaways
Group 1 Automotive reported a 10.1% increase in total revenues to $4.5 billion for Q4 2023. New vehicle unit sales increased by 14.8%. Diluted earnings per share were $7.87, while adjusted diluted earnings per share were $9.50. The U.S. operations performed strongly, but the U.K. operations faced challenges with used vehicles.
Total revenues increased by 10.1% to $4.5 billion.
New vehicle units sold increased 14.8% over the prior year quarter.
Diluted earnings per common share from continuing operations were $7.87.
Adjusted diluted earnings per common share from continuing operations were $9.50.
Group 1 Automotive
Group 1 Automotive
Group 1 Automotive Revenue by Segment
Group 1 Automotive Revenue by Geographic Location
Forward Guidance
Group 1 Automotive is focused on reducing costs in the U.K. in the first quarter of 2024, with an expectation of reducing U.K. headcount by approximately 10%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income