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Group 1 Automotive(GPI) - 2024 Q1 - Quarterly Results
2024-04-24 11:31
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 ...
Group 1 Automotive Reports First Quarter 2024 Financial Results
Prnewswire· 2024-04-24 09:01
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 ...
Analysts Estimate Group 1 Automotive (GPI) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-17 15:07
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 (GPI) to Acquire Inchcape's UK Dealerships for $439M
Zacks Investment Research· 2024-04-16 14:05
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 ...
Group 1 Automotive Agrees to Acquire Inchcape U.K. Dealerships
Prnewswire· 2024-04-15 06:30
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 ...
Group 1 Automotive Schedules Release of First Quarter 2024 Financial Results
PRNewsWire· 2024-04-12 10:27
HOUSTON, April 12, 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 that it will release financial results for the first quarter ended March 31, 2024 on Wednesday, April 24, 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 later th ...
Group 1 Automotive(GPI) - 2023 Q4 - Annual Report
2024-02-14 22:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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: 001-13461 Group 1 Automotive, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...
Group 1 Automotive(GPI) - 2023 Q4 - Earnings Call Transcript
2024-01-31 18:35
Group 1 Automotive, Inc. (NYSE:GPI) Q4 2023 Earnings Conference Call January 31, 2024 10:00 AM ET Company Participants Pete DeLongchamps - SVP of Manufacturer Relations, Financial Services and Public Affairs Daryl Kenningham - President and CEO Daniel McHenry - SVP and CFO Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Rajat Gupta - JPMorgan David Whiston - Morningstar Daniel Imbro - Stephens Inc. Michael Ward - Freedom Capital Markets Operator Good morning, ladies an ...
Group 1 Automotive(GPI) - 2023 Q4 - Earnings Call Presentation
2024-01-31 16:13
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Group 1 Automotive(GPI) - 2023 Q3 - Quarterly Report
2023-10-27 18:13
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 September 30, 2023 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 (Exact name of registrant as specified in its charter) (State of other jurisdiction of incorporation or organization) (I.R.S. Empl ...