Group 1 Automotive(US:GPI)2026-01-29 11:45Revenue Performance - Group 1 Automotive reported record revenues of $22.6 billion for the full year 2025, a 13.2% increase compared to $19.9 billion in 2024[11] - The current quarter total revenues were $5.6 billion, a 0.6% increase from $5.5 billion in the fourth quarter of 2024[7] - Total revenues for the year ended December 31, 2025, increased by $2,637.1 million, or 13.2%, to $22,571.4 million compared to $19,934.3 million in 2024[32] - Total revenues for the three months ended December 31, 2025, were $5,579.9 million, a slight increase of 0.6% compared to $5,546.0 million in the same period of 2024[36] - Total revenues reached $22,571.4 million, reflecting a 13.2% increase compared to $19,934.3 million in the previous year[39] - Total revenues increased by 5.4% to $16,626.8 million in 2025 from $15,772.9 million in 2024[44] - Total revenues for the period were $5,386.5 million, a slight decrease of $6.5 million or 0.1% compared to the previous year[50] - Total revenues increased by 4.6% to $16,143.4 million in 2025 from $15,428.5 million in 2024[57] - Total revenues increased by 4.5% to $4,239.3 million in 2025 from $4,058.3 million in 2024[61] Profitability Metrics - Current quarter diluted earnings per common share from continuing operations were $3.47, down from $7.08 in the prior-year quarter[7] - Current year net income from continuing operations was $323.7 million, a decrease from $497.0 million in the prior year[11] - Net income for the year ended December 31, 2025, decreased by $173.0 million, or 34.7%, to $325.2 million compared to $498.1 million in 2024[32] - Diluted earnings per share for continuing operations fell by $11.59, or 31.6%, to $25.13 in 2025 from $36.72 in 2024[32] - Gross profit for the year ended December 31, 2025, was $3,621.8 million, an increase of $380.8 million, or 11.8%, from $3,241.0 million in 2024[32] - Gross profit for total revenues was $3,621.8 million, an increase of 11.8% from $3,241.0 million[39] - Total gross profit increased by 4.0% to $2,731.4 million, with parts and service sales contributing $1,185.6 million, an increase of 8.5%[57] - Total gross profit increased by 4.7% to $566.4 million, with parts and service sales contributing $256.3 million, a 7.5% increase[61] Sales Performance - New vehicle retail sales rose by $1,017.5 million, or 10.2%, reaching $10,989.9 million in 2025, up from $9,972.4 million in 2024[32] - Used vehicle retail sales increased by $1,015.1 million, or 16.4%, totaling $7,195.0 million in 2025 compared to $6,179.9 million in 2024[32] - New vehicle retail sales decreased by 3.2% to $2,767.1 million from $2,858.0 million year-over-year[36] - Used vehicle retail sales increased by 5.2% to $1,739.2 million compared to $1,653.4 million in the previous year[36] - Retail new vehicles sold totaled 224,166 units, representing a 10.1% increase from 203,677 units sold in the previous year[39] - Retail used vehicles sold reached 234,906 units, a 12.0% increase from 209,687 units[39] - Retail new vehicles sold in the U.K. decreased by 9.1% to 13,258 units, while retail used vehicles sold increased by 1.4% to 17,878 units[46] - Retail new vehicles sold grew by 34.5% to 61,905 units in 2025, up from 46,015 units in 2024[48] Expenses and Costs - Selling, general and administrative expenses rose by $366.3 million, or 16.8%, reaching $2,545.5 million in 2025 from $2,179.2 million in 2024[32] - SG&A expenses increased by 16.8% to $2,545.5 million, compared to $2,179.2 million in the prior year[39] - SG&A expenses increased by 9.4% to $1,864.1 million, representing 66.3% of gross profit[44] - SG&A expenses rose to $2,298.1 million, a 6.5% increase from $2,157.7 million in 2024[52] - SG&A expenses increased by 4.9% to $475.5 million, representing 83.9% of gross profit[61] Operational Adjustments - The company recognized $28.4 million in restructuring charges related to U.K. operations in 2025[12] - Asset impairments surged by $159.8 million, or 484.7%, totaling $192.8 million in 2025 compared to $33.0 million in 2024[32] - The company anticipates excluding certain expenses in future presentations of non-GAAP financial measures to provide a clearer view of operational performance[24] - The company reported a decrease in Same Store SG&A expenses by $1.0 million for the year ended December 31, 2025[74] - The company aims to improve operational efficiency, as indicated by the decreasing trend in SG&A as a percentage of gross profit over the reported periods[74]