HOUSTON, April 30, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a Fortune 300 automotive retailer with 203 dealerships located in the U.S. and U.K., today announced that it has completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions, which will expire in March 2027 and can be expanded to $3.0 billion total availability. Lenders in the syndicated facility include six manufacturer-affiliated finance c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13461 Group 1 Automotive, Inc. (Exact name of registrant as specified in its charter) Delaware 76-0506313 (State of other jurisdiction of in ...

Group 1 Automotive (GPI) reported first-quarter 2024 adjusted earnings per share (EPS) of $9.49, missing the Zacks Consensus Estimate of $9.52 and falling 13.2% year over year. The automotive retailer registered net sales of $4.5 billion, beating the Zacks Consensus Estimate of $4.3 billion. Also, the top line rose from the year-ago quarter’s $4.13 billion.Quarter HighlightsNew vehicle retail sales increased 11.6% from the prior-year quarter to $2.18 billion and exceeded our projection of $1.98 billion on t ...

Group 1 Automotive (GPI) reported $4.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.2%. EPS of $9.49 for the same period compares to $10.93 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.3 billion, representing a surprise of +3.89%. The company delivered an EPS surprise of -0.32%, with the consensus EPS estimate being $9.52.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Group 1 Automotive (GPI) came out with quarterly earnings of $9.49 per share, missing the Zacks Consensus Estimate of $9.52 per share. This compares to earnings of $10.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.32%. A quarter ago, it was expected that this auto dealer would post earnings of $10.49 per share when it actually produced earnings of $9.50, delivering a surprise of -9.44%.Over the last four quarters, the ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Group 1 Automotive Reports First Quarter 2024 Financial Results Current quarter net income from continuing operations was $147.4 million. Current quarter adjusted net income from continuing operations (a non-GAAP measure) was $130.0 million. Current quarter diluted earnings per common share from continuing operations was $10.76. Current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) was $9.49. "We continue to execute well ...

Current quarter diluted earnings per common share from continuing operations of $10.76 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.49 Total revenues of $4.5 billion, a first quarter record and 8.2% increase over the comparable prior year period Parts and service revenues of $576.2 million, a quarterly record and 5.1% increase over the comparable prior year period U.K. total revenues of $824.8 million, a quarterly record and 4.7% incre ...

The market expects Group 1 Automotive (GPI) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...

Group 1 Automotive, Inc. (GPI) has entered into a definitive contract to acquire Inchcape’s U.K. automotive retailing business and the related owned real estate. The all-cash transaction will cost nearly $439 million to GPI, including the appraised real estate value of $279 million.In 2023, Inchcape’s U.K. dealerships registered annual revenues of around $2.7 billion. The completion of the transaction is subject to obtaining approval from the Financial Conduct Authority and is anticipated to close in the th ...

54 Dealership Locations in the United Kingdom HOUSTON, April 15, 2024 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI) ("Group 1" or the "Company"), a  Fortune 300 automotive retailer with 202 dealerships located in the U.S. and U.K., today announced it has entered into a definitive agreement to acquire the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape plc for approximately $439 million (£346 million) in an all-cash transaction, inclusive of $279 millio ...