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Dec 31, 2024
Group 1 Automotive Q4 2024 Earnings Report
Reported record revenues and earnings per share, driven by strong performance in both new and used vehicle sales, as well as parts and service.
Key Takeaways
Group 1 Automotive reported record fourth-quarter revenues of $5.5 billion, a 23.8% increase year-over-year. Diluted earnings per share from continuing operations were $7.08, while adjusted diluted earnings per share were $10.02. The company's performance was driven by growth in both new and used vehicle sales, as well as parts and service.
Total revenues increased by 23.8% to $5.5 billion.
Diluted earnings per share from continuing operations were $7.08.
Adjusted diluted earnings per share from continuing operations reached $10.02.
Gross profit increased by 20.3% to $879.2 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
While the report does not contain specific forward guidance, it highlights ongoing restructuring efforts and integration of acquisitions, particularly in the UK, which are expected to position the company for future growth. Additionally, the company's focus remains on strategic acquisitions and efficient integration of new operations to drive shareholder value.
Positive Outlook
- Successful integration of dealership operations with total expected annual revenues of approximately $3.9 billion.
- Focus on quickly and efficiently integrating acquisitions into existing operations.
- Continued share repurchases, indicating confidence in the company's value.
- Ongoing restructuring actions to integrate Inchcape Retail stores in the UK.
- U.K. team is better positioned today than at any time in our history, with exceptional brand partners and a portfolio of dealerships that provide us geographic diversification across a broader U.K. market
Challenges Ahead
- Net income from continuing operations decreased by 13.1% compared to the prior year quarter.
- Impairment charges of $33.0 million primarily attributable to franchise rights intangible assets.
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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