Group 1 Automotive (GPI) came out with quarterly earnings of $9.90 per share, missing the Zacks Consensus Estimate of $9.93 per share. This compares to earnings of $12.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.30%. A quarter ago, it was expected that this auto dealer would post earnings of $9.43 per share when it actually produced earnings of $9.80, delivering a surprise of 3.92%. Over the last four quarters, the ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Group 1 Automotive Reports Third Quarter 2024 Financial Results • Current quarter diluted earnings per common share from continuing operations of $8.68 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.90 • Gross profit of $852.7 million from total revenues of $5.2 billion, both quarterly records, and an 8.4% and 11.0% increase, respectively, over the comparable prior year period HOUSTON, TX, October 30, 20 ...

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HOUSTON, Oct. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that it will release financial results for the third quarter ended September 30, 2024 on Wednesday, October 30, 2024, before the market opens. Daryl Kenningham, Group 1's President and Chief Executive Officer, and the Company's senior management team will host a conference call to discuss the results late ...

2024 YTD Acquired Revenues total $3.9 Billion HOUSTON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire. This acquisition is expected to generate approximately $125 million in annual revenues. Group 1's Chief Executive Offi ...

HOUSTON and LONDON, Oct. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., announced the appointment of Mark Raban as Chief Executive Officer ("CEO") of Group 1 Automotive U.K. Raban brings more than 20 years of executive experience in automotive retail operations and finance to Group 1. In this new role, he will oversee the integration of the recently acquired Inchcape dealerships t ...

It has been about a month since the last earnings report for Group 1 Automotive (GPI) . Shares have added about 5.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Group 1 Automotive due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Group 1 Q2 Earnings Beat Expect ...

HOUSTON, Aug. 8, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced its board of directors declared a quarterly dividend of $0.47 per share. The dividend is consistent with the Company's previously announced increase of 4% in its annualized dividend rate from $1.80 per share in 2023 to $1.88 per share in 2024. The dividend is payable on September 16, 2024 to stockholders ...

HOUSTON, Aug. 1, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 250 automotive retailer with 260 dealerships located in the U.S. and U.K., today announced that the Company has closed on the acquisition of Inchcape Retail ("IR") automotive operations with 54 dealership locations across the U.K. These dealerships are expected to generate $2.7 billion in annual revenues bringing 2024 year-to-date total acquired revenues for Group 1 to $3.8 billion. "This trans ...

Quarter Highlights Used-vehicle retail sales rose 0.2% from the year-ago period to $1.45 billion but missed our forecast of $1.47 billion. Total retail used vehicles sold were 49,260 units, up 5.3% year over year, exceeding our expectation of 47,621 units. The average selling price per unit came in at $29,501, down 4.9% year over year. The gross profit from the unit was $80.7 million, rising 2.4% year over year. Segments in Detail In the second quarter, revenues rose 2.1% year over year to $775.2 million fo ...