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Dec 31, 2023
Group 1 Automotive Q4 2023 Earnings Report
Reported a 10.1% increase in total revenues, reaching $4.5 billion, driven by a 14.8% rise in new vehicle unit sales. Diluted earnings per share were $7.87, and adjusted diluted earnings per share reached $9.50.
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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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