Core Insights - Asbury Automotive (ABG) reported Q3 2025 adjusted earnings per share of $7.17, exceeding the Zacks Consensus Estimate of $6.80 and up from $6.35 in the previous year, driven by strong gross profits from new vehicle sales, finance and insurance, and parts and service [1][9] - Total revenues for the quarter reached $4.80 billion, marking a nearly 13% year-over-year increase and surpassing the Zacks Consensus Estimate of $4.69 billion [1][9] Segment Performance - New vehicle revenues increased by 17% year over year to $2.53 billion, exceeding the Zacks Consensus Estimate of $2.44 billion, supported by a higher number of units sold, totaling 48,070 (up 13% year over year) [2] - The average selling price (ASP) for new vehicles was $52,609, up 4% year over year, also beating the consensus mark of $52,259 [2] - Gross profit from new vehicle sales was $161 million, a 7% increase from the prior year, surpassing the Zacks Consensus Estimate of $157 million [2] Used Vehicle Performance - Used vehicle retail revenues rose 7% year over year to $1.23 billion but fell short of the Zacks Consensus Estimate of $1.24 billion due to lower unit sales, totaling 37,696 (up 1% year over year) [3] - The ASP for used vehicles was $32,543, up 6% year over year, exceeding the consensus estimate of $31,576 [3] - Gross profit from used vehicles was $61.5 million, a 10% year-over-year increase, but missed the Zacks Consensus Estimate of $63 million [3] Wholesale and Finance Performance - Revenues from the used vehicle wholesale business increased by 27% to $185.5 million, beating the consensus mark of $160 million, although gross profit of $3.8 million fell short of the estimate of $4.15 million [4] - Net revenues from the finance and insurance business reached $200.3 million, an 8% increase year over year, surpassing the Zacks Consensus Estimate of $187 million [5] - Gross profit from finance and insurance was $187.1 million, up 9% year over year, exceeding the consensus estimate of $178 million [5] Parts and Service Performance - Revenues from the parts and service business were $659.4 million, up from $593.1 million in the prior year but missed the Zacks Consensus Estimate of $661 million [6] - Gross profit from this segment was $389.1 million, surpassing the consensus mark of $388 million and reflecting a 9% year-over-year increase [6] Financial Metrics - Selling, general & administrative expenses as a percentage of gross profit rose to 65.7%, an increase of 70 basis points year over year [7] - As of September 30, 2025, the company had cash and cash equivalents of $32.2 million, down from $69.4 million as of December 31, 2024, with long-term debt increasing to $3.6 billion from $3.14 billion [7]

Key Takeaways Group 1 posted Q3 EPS of $10.45, missing estimates but up 5.6% year over year.Revenues totaled $5.8B, beating forecasts and improving from last year's $5.2B.New, used and service sales all grew, while share repurchases totaled $82.5M.Group 1 Automotive (GPI) reported third-quarter 2025 adjusted earnings per share (EPS) of $10.45, which missed the Zacks Consensus Estimate of $10.64 but rose 5.6% year over year. The automotive retailer registered net sales of $5.8 billion, which beat the Zacks C ...

Financial Data and Key Metrics Changes - Group 1 Automotive reported record quarterly revenues of $5.8 billion, gross profit of $920 million, adjusted net income of $135 million, and adjusted diluted EPS of $10.45 from continuing operations [13] - Adjusted SG&A as a percentage of gross profit increased 160 basis points sequentially to 65.8% [15] - Cash flow generation yielded $500 million of adjusted operating cash flow and $352 million of free cash flow after accounting for $148 million of CapEx [19] Business Line Data and Key Metrics Changes - U.S. operations showed strong performance across all business lines, with record quarterly results in used vehicles, parts and service, and F&I [13] - New vehicle unit sales rose mid-single digits, while new vehicle GPUs moderated by approximately 6% due to expiring tax credits [13][14] - U.K. used vehicle same-store revenues were up over 5% on a local currency basis, with volumes up 4%, but same-store GPUs declined by over 24% [16] Market Data and Key Metrics Changes - The U.K. market remains challenging with inflation and cost pressures, but the after-sales business continues to expand [4][16] - The overall U.S. environment remains dynamic with ongoing policy and trade uncertainty, yet demand remained consistent throughout the quarter [9][11] - The U.K. market is expected to stabilize around a SAR of approximately 2 million units over the next five years [59] Company Strategy and Development Direction - The company is focusing on optimizing its portfolio, controlling costs, and enhancing operational efficiency, particularly in the U.K. [9][19] - Group 1 plans to exit the Jaguar Land Rover brand in the U.K. within 24 months, reallocating resources to more profitable areas [8][66] - The company continues to pursue disciplined investments and share repurchases to create long-term shareholder value [12][20] Management Comments on Operating Environment and Future Outlook - Management expressed a cautious but confident stance regarding the U.S. market, balancing discipline in spending with targeted investments [11] - The U.K. environment is expected to improve as OEMs rationalize their networks and throughput per rooftop increases [57][59] - Management noted that while the luxury market is showing some signs of softness, it is not yet significant enough to be termed a trend [24] Other Important Information - The company took a $123.9 million asset impairment charge due to the decision to exit the JLR brand [8] - The U.K. operations faced a GBP 3 million impact from a cyber attack, affecting profitability [9] - The company has implemented headcount reductions and restructuring initiatives to improve efficiency [17] Q&A Session Summary Question: U.S. luxury trend softening - Management indicated that while there are signs of a shift, it is not yet material enough to call it a trend, with a focus on the upcoming fourth quarter for clarity [24][25] Question: JLR exit and property reallocation - Management confirmed that they own most of the real estate and are exploring better uses for it, potentially reallocating to other brands [27] Question: U.K. capacity and Chinese brands - Management is considering partnerships with Chinese OEMs but remains focused on luxury brands for now [30][31] Question: Used GPUs in the U.S. - Management acknowledged stabilization in the used car business but noted it remains competitive, maintaining discipline in auction purchases [32][34] Question: Parts and service dynamics in the U.S. - Management reported strong growth in customer pay and warranty, with a focus on maintaining healthy margins despite challenges in the collision business [38][40] Question: Forward demand and pricing changes - Management has not observed significant changes in pricing beyond normal hikes, with OEMs taking a long-term view on tariff impacts [49][50] Question: U.K. market outlook - Management believes the U.K. market will stabilize with improved throughput per rooftop and ongoing cost management efforts [57][59]

Financial Data and Key Metrics Changes - Group 1 Automotive reported record quarterly revenues of $5.8 billion, gross profit of $920 million, adjusted net income of $135 million, and adjusted diluted EPS of $10.45 from continuing operations [13][14] - Adjusted SG&A as a percentage of gross profit increased 160 basis points sequentially to 65.8% [16] - Cash flow generation yielded $500 million of adjusted operating cash flow and $352 million of free cash flow after accounting for $148 million of CapEx [19][20] Business Line Data and Key Metrics Changes - U.S. operations saw record quarterly revenues in used vehicles, parts and service, and F&I, with new vehicle unit sales rising mid-single digits [14][16] - Used vehicle operations achieved record quarterly revenue, with GPUs holding steady, reflecting disciplined sourcing and pricing [15] - F&I GPUs grew over 5%, with same-store PRU up $155 or greater than 16% year over year [6][15] Market Data and Key Metrics Changes - The UK market remains challenging with inflation and cost pressures, leading to a 4% decline in new vehicle same-store volumes [17] - Used vehicle same-store revenues in the UK were up over 5%, but same-store GPUs declined by over 24% [17] - The overall U.S. environment remains dynamic with steady consumer interest and balanced inventory levels [10][11] Company Strategy and Development Direction - The company is focusing on optimizing its portfolio, controlling costs, and enhancing operational efficiency, particularly in the UK [9][19] - Group 1 plans to exit the Jaguar Land Rover brand in the UK within 24 months, reallocating resources to more profitable areas [8][9] - The company continues to pursue acquisitions and share repurchases, having repurchased nearly one-third of its outstanding common shares since early 2022 [12][21] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious but confident stance regarding the U.S. market, maintaining operational discipline amid ongoing policy and trade uncertainties [11] - The UK environment is expected to stabilize as OEMs rationalize their networks to meet current market conditions [55][57] - Management believes that the after-sales business remains a key area for growth and stability [10][17] Other Important Information - The company took a $123.9 million asset impairment charge due to the decision to exit the JLR brand [8][18] - The UK operations experienced a £3 million impact from a cyber attack affecting profitability [9][18] Q&A Session Summary Question: Insights on U.S. luxury demand trends - Management noted that while there are some challenges, it is not yet material enough to call it a trend, with a focus on the upcoming fourth quarter for clarity [23][24] Question: Details on the JLR exit and property reallocation - The company is reviewing how to best utilize the real estate, with potential opportunities for other brands [25] Question: Clarification on impairment charges - The impairment includes $18 million related to JLR, with a broader goodwill impairment affecting the entire UK entity [26][28] Question: UK market dynamics and potential partnerships with Chinese brands - Management is considering partnerships with Chinese OEMs but remains focused on luxury brands for the time being [29] Question: Changes in consumer behavior and auto credit - No significant changes in consumer behavior were noted, with continued robust demand for loans [52]

Core Insights - AutoNation, Inc. reported third-quarter 2025 adjusted earnings of $5.01 per share, a 25% increase year over year, exceeding the Zacks Consensus Estimate of $4.85, driven by strong revenues from retail new and used vehicles, as well as finance and insurance [1][9] - Total revenues for the quarter reached $7.04 billion, surpassing the Zacks Consensus Estimate of $6.86 billion and increasing from $6.59 billion in the third quarter of 2024 [1][9] Revenue Breakdown - New vehicle revenues rose 7.7% year over year to $3.42 billion, exceeding the estimate of $3.2 billion, with retail units sold totaling 66,189, a 4.8% increase year over year [2] - Retail used-vehicle revenues increased 7.6% to $1.87 billion, surpassing the projection of $1.72 billion, with used vehicle retail units sold totaling 68,896, a 3.7% increase year over year [3] - Wholesale used vehicle revenues declined 11.6% to $141.4 million, missing the estimate of $158.8 million, although gross profit rose to $12.3 million from $5.6 million [4] - Finance and insurance revenues amounted to $374.8 million, an 11.7% increase from the previous year, beating the projection of $331.6 million [4] - Parts and service revenues increased by 4.7% to $1.23 billion but fell short of the estimate of $1.26 billion [5] Segment Performance - Domestic segment revenues rose 9.6% year over year to $1.95 billion, exceeding the projection of $1.76 billion, with segment income climbing 30.3% to $81.3 million [6] - Import segment revenues increased 6.2% to $2.17 billion, surpassing the forecast of $2.02 billion, while segment income grew 3.8% to $123.7 million [6] - Premium Luxury segment sales rose 5.5% to $2.56 billion, slightly missing the projection of $2.57 billion, with segment income growing 4% to $160.9 million [7] Financial Position - As of September 30, 2025, the company's liquidity stood at $1.8 billion, including $98 million in cash and nearly $1.7 billion available under its revolving credit facility [8] - Inventory was valued at $3.49 billion, and non-vehicle debt was reported at $3.83 billion [8] - Capital expenditure for the quarter was $68.9 million [8] Share Repurchase - During the quarter, the company repurchased 0.8 million shares for $181 million, with $338 million remaining under its share repurchase program [10]

Core Insights - Asbury Automotive (ABG) reported second-quarter 2025 adjusted earnings per share of $7.43, exceeding the Zacks Consensus Estimate of $6.82 and up from $6.40 in the previous year, driven by better-than-expected gross profits from vehicle sales [1][9] - Total revenues for the quarter were $4.37 billion, reflecting a nearly 3% year-over-year increase but falling short of the Zacks Consensus Estimate of $4.45 billion [1][9] Segment Performance - New vehicle revenues increased by 6% year over year to $2.30 billion, slightly missing the Zacks Consensus Estimate of $2.31 billion, attributed to lower-than-expected selling prices and unit sales [2] - Retail units sold in the new vehicle segment totaled 44,437, a 4% increase year over year, but below the consensus mark of 45,291 units [2] - The average selling price (ASP) for new vehicles was $51,846, up 2% year over year, but missed the consensus estimate of $52,011 [2] - Gross profit from new vehicles was $160 million, up 3% from the prior year and surpassing the Zacks Consensus Estimate of $148 million [2] - Used vehicle retail revenues declined by 3% year over year to $1.13 billion, missing the Zacks Consensus Estimate of $1.15 billion due to lower ASP and unit sales [3] - Retail used vehicle units sold totaled 36,233, down 6% year over year, lagging behind the consensus mark of 36,382 units [3] - The ASP for used vehicles was $31,171, up 3% year over year, but fell short of the consensus estimate of $31,207 [3] - Gross profit from used vehicles was $62.3 million, an 11% increase year over year, exceeding the Zacks Consensus Estimate of $57 million [3] - Revenues from the used vehicle wholesale business rose 11% to $156.3 million, beating the consensus estimate of $153 million [4] - Gross profit from the wholesale unit surged 43% to $6.6 million, surpassing the consensus mark of $2.72 million [4] - Net revenues from the finance and insurance business were $182 million, down 5% year over year and below the Zacks Consensus Estimate of $203 million [5] - Gross profit in this segment was $168.1 million, a 4% year-over-year decline, missing the Zacks Consensus Estimate of $170 million [5] - Revenues from the parts and service business reached $601.5 million, up from $580.9 million in the previous year but missing the Zacks Consensus Estimate of $625 million [6] - Gross profit from parts and service was $354.8 million, which lagged the consensus mark of $359 million but represented a 4% year-over-year increase [6] Financial Metrics - Selling, general & administrative expenses as a percentage of gross profit increased to 63.2%, a decrease of 198 basis points year over year [7] - As of June 30, 2025, the company had cash and cash equivalents of $54.8 million, down from $69.4 million as of December 31, 2024 [7] - Long-term debt stood at $3.05 billion as of June 30, 2025, down from $3.14 billion as of December 31, 2024 [7]

Financial Data and Key Metrics Changes - The company generated $4.4 billion in revenue, with a gross profit of $752 million and a gross profit margin of 17.2% [11] - Adjusted operating margin was 5.8%, and adjusted earnings per share (EPS) was $7.43, with adjusted EBITDA at $256 million [12][19] - Adjusted net income for the quarter was $146 million, with a non-cash deferral headwind of $0.43 per share due to TCA [19][20] Business Line Data and Key Metrics Changes - Same store revenue for new vehicles increased by 9% year over year, with units up by 7% and average gross profit per vehicle at $3,611 [12][12] - Used vehicle unit volume decreased by 4% year over year, with retail gross profit per unit at $17,290, marking the fourth quarter of sequential growth [13][14] - Parts and service gross profit increased by 7%, with a gross profit margin of 59.2% and a fixed absorption rate over 100% [16][17] Market Data and Key Metrics Changes - The same store new day supply was 59 days at the end of June, while the used day supply of inventory was 37 days [12][14] - The company noted strong demand in the second quarter, although a decline was observed as the quarter progressed due to tariff impacts [8] Company Strategy and Development Direction - The company is focused on integrating the Herb Chambers acquisition and optimizing its portfolio by divesting nine stores, which generated proceeds of $250 million to $270 million [11][25] - The transition to Techeon is a key investment aimed at improving operational efficiency and guest experience, with full conversion expected by 2027 [10][60] - The company aims to reduce leverage over the next 12 to 18 months while remaining opportunistic with share repurchases [11][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing the resilience of the automotive retail business despite potential headwinds from tariffs and market conditions [81][82] - The company anticipates that the second half of the year will depend heavily on tariff decisions and their impact on consumer pricing [8][19] Other Important Information - The average age of passenger cars on the road is 14.5 years, indicating a strong potential for service growth in the parts and service business [18] - The company has a transaction-adjusted net leverage ratio of 2.46 times, which is expected to be above the target range following the Chambers acquisition [23][24] Q&A Session Summary Question: Can you walk through the cadence of GPU and units as the quarter progressed? - Management noted that GPUs started strong but adjusted as the quarter progressed, with expectations for GPUs to fall into the $2,500 to $3,000 range [27][30] Question: What initiatives are keeping SG&A under control? - The focus is on productivity per employee and maintaining discipline on headcount, with some costs related to Techeon conversion impacting the SG&A numbers [34][35] Question: What opportunities for improvement exist with the Herb Chambers acquisition? - Management highlighted the luxury mix and market presence of Herb Chambers, indicating potential for operational efficiencies and improved metrics [39][41] Question: How does the company plan to maintain parts and service growth amid tougher comparisons? - Management expressed confidence in maintaining mid-single-digit growth in parts and service, despite anticipated headwinds from warranty work [42][45] Question: What is the strategy regarding used GPUs and inventory? - The strategy remains focused on maximizing gross profit rather than volume, with continuous assessment of market conditions [54][56] Question: What are the implementation costs for Techeon? - Implementation costs for Techeon were approximately $2 million in the quarter, split between duplication and third-party audit costs [62]

Core Insights - Group 1 Automotive (GPI) reported strong second-quarter 2025 results with adjusted earnings per share (EPS) of $11.52, exceeding the Zacks Consensus Estimate of $10.31 and reflecting a 17.5% year-over-year increase [1] - The company achieved net sales of $5.7 billion, surpassing the Zacks Consensus Estimate of $5.55 billion and up from $4.7 billion in the same quarter last year [1] Q2 Highlights - New vehicle retail sales increased by 15.7% year-over-year to $2.74 billion, although it fell short of the projected $2.83 billion due to lower-than-expected volumes [2] - Total retail new vehicles sold reached 55,763 units, a 17% increase year-over-year, but missed the forecast of 57,290 units [2] - The average selling price per new vehicle was $50,557, up 1.1% year-over-year, with gross profit from new vehicle retail totaling $198.4 million, a 16.6% increase year-over-year [2] Used-Vehicle Performance - Used-vehicle retail sales rose 27.2% year-over-year to $1.85 billion, exceeding the forecast of $1.72 billion due to higher-than-anticipated unit sales [3] - Total retail used vehicles sold were 60,240 units, up 22.3% year-over-year, surpassing the expectation of 58,438 units [3] - The average selling price per used vehicle was $30,713, up 4.1% year-over-year, with gross profit from used vehicles at $96.4 million, a 19.5% increase year-over-year [3] Wholesale and Other Segments - Used-vehicle wholesale sales surged 57% year-over-year to $163.8 million, beating the expectation of $115.7 million, with a gross profit of $0.5 million compared to a gross loss of $1.1 million in the prior year [4] - Parts and Service revenues increased by 25% to $718.4 million, with gross profit rising 27.1% to $402.8 million year-over-year [4] - Finance and Insurance revenues were $237.8 million, up 18.8% from the previous year [4] Segment Performance - U.S. business segment revenues rose 6.5% year-over-year to $4.18 billion, although it missed the forecast of $4.22 billion [5] - Gross profit for the U.S. segment increased by 9.1% to $728.7 million, falling short of the prediction of $732.4 million [5] - In the U.K. business segment, revenues jumped 96.9% year-over-year to $1.53 billion, exceeding the estimate of $1.28 billion, with gross profit surging 109.6% to $207.1 million [6] Financial Position - Selling, general and administrative expenses rose 29.9% year-over-year to $646.1 million [7] - Cash and cash equivalents increased to $52.7 million as of June 30, 2025, up from $34.4 million at the end of 2024 [7] - Total debt rose to $3.2 billion as of June 30, 2025, from $2.91 billion at the end of 2024 [7] Share Repurchase - During the quarter, GPI repurchased 114,918 shares at an average price of $387.39 per share, totaling $44.5 million [8] - The company has $308.8 million remaining on its authorized stock buyback program [8] Overall Performance - GPI's Q2 results exceeded earnings and revenue estimates, with significant growth in both new and used vehicle retail sales [9] - The U.K. segment's nearly doubled revenues significantly contributed to the overall gross profit increase [9]

Core Insights - Asbury Automotive (ABG) reported first-quarter 2025 adjusted earnings per share of $6.82, missing the Zacks Consensus Estimate of $6.84 and down from $7.21 in the previous year [1] - Total revenues for the quarter were $4.15 billion, a decrease of 1.2% year over year, and also below the Zacks Consensus Estimate of $4.4 billion [1] Segment Details - New vehicle revenues increased by 4% year over year to $2.14 billion, but fell short of the Zacks Consensus Estimate of $2.24 billion due to lower unit sales [2] - Retail units sold in the new vehicle segment totaled 41,496, up 2% year over year, but below the consensus mark of 43,854 units [2] - The average selling price (ASP) for new vehicles was $51,525, up 2% year over year, exceeding the consensus estimate of $51,133 [2] - Gross profit from the new vehicle segment was $143.1 million, down 12% from the prior-year quarter and missing the consensus estimate of $151 million [2] Used Vehicle Performance - Used vehicle retail revenues declined by 9% year over year to $1.08 billion, missing the Zacks Consensus Estimate of $1.2 billion due to lower ASP and unit sales [3] - Retail used vehicle units sold totaled 35,415, down 10% year over year, lagging behind the consensus mark of 39,161 units [3] - The ASP for used vehicles was $30,465, up 1% year over year, but missed the consensus estimate of $30,476 [3] - Gross profit from the used vehicle segment was $56.2 million, down 14% year over year and below the consensus estimate of $59 million [3] Other Business Segments - Revenues from the used vehicle wholesale business fell by 5% to $157 million, meeting the consensus mark [4] - Gross profit from the wholesale unit increased by 21% to $8.4 million, surpassing the consensus estimate of $2.75 million [4] - Finance and insurance business net revenues were $187 million, down 1% year over year and below the consensus estimate of $189 million [4] - Gross profit from finance and insurance was $173.9 million, down 4% year over year but exceeding the consensus estimate of $165 million [4] Parts and Service Business - Revenues from the parts and service business were $587.6 million, slightly down from $590.4 million in the previous year and missing the Zacks Consensus Estimate of $630 million [5] - Gross profit from this segment was $342.7 million, which lagged the consensus mark of $359 million but rose 3% year over year [5] Financial Position - As of March 31, 2025, the company had cash and cash equivalents of $124.6 million, up from $69.4 million as of December 31, 2024 [6] - Long-term debt was $3.13 billion, down from $3.14 billion as of December 31, 2024 [6] - The company did not repurchase any shares in the first quarter of 2025 [6]

Financial Data and Key Metrics Changes - The company generated $4.1 billion in revenue, with a gross profit of $724 million and a gross profit margin of 17.5% [12] - Adjusted operating margin was 5.8%, and adjusted earnings per share (EPS) was $6.82 [12] - Adjusted net income for Q1 2025 was $134 million, excluding certain non-cash items [21] - Adjusted SG&A as a percentage of gross profit was 64% [22] Business Line Data and Key Metrics Changes - Same store revenue for new vehicles was up 6% year over year, with units up 4% [14] - New average gross profit per vehicle was $3,449 [14] - Used vehicle unit volume was down 8% year over year, with used retail gross profit per unit at $15.87 [15] - Parts and service gross profit was up 5% for the quarter, with a gross profit margin of 58.3% [17] Market Data and Key Metrics Changes - Approximately 56% of new vehicle units sold in Q1 were produced in America, insulating them from tariffs [7] - The company experienced a wide range of approaches from OEMs regarding tariff impacts, making predictions challenging [7] Company Strategy and Development Direction - The company is focused on a disciplined growth strategy, highlighted by the pending acquisition of the Herb Chambers Automotive Group [10] - Plans to reduce leverage over the next 18 to 24 months following the acquisition [11] - The implementation of Techeon is expected to improve productivity and guest experience [9] Management's Comments on Operating Environment and Future Outlook - Management noted that the first quarter faced challenges due to weather-related disruptions and tariff uncertainties [42] - The company remains optimistic about long-term growth, particularly in parts and service due to an aging vehicle fleet [19] - Management emphasized the importance of focusing on gross profit rather than volume during uncertain market conditions [42] Other Important Information - The company expects to close the Herb Chambers acquisition by the end of Q2 2025, pending OEM approval [10] - Free cash flow for Q1 2025 was $166 million, with liquidity at $964 million [25] Q&A Session Summary Question: Regarding TCA and tariff impacts - Management indicated that tariffs could slow down deferral impacts, affecting future earnings [30] Question: Integration of Techeon and SG&A savings - The rollout of Techeon is progressing well, with expectations of significant SG&A savings through reduced software costs and improved productivity [32] Question: Gross profit performance compared to peers - Management acknowledged weather impacts and emphasized a focus on maximizing returns rather than chasing volume [42] Question: Impact of tariffs on the Herb Chambers acquisition - The asset purchase agreement does not include a breakup fee for the company, and management sees no reason to walk away from the deal [50] Question: Front end gross outlook - Management believes the company is reaching a floor on front end gross, focusing on profitability rather than volume [56] Question: Parts and service growth outlook - Management maintains a mid-single-digit growth outlook for parts and service, with expectations of increased traffic as weather conditions improve [60] Question: Techeon and revenue opportunities - The integration of Techeon is expected to enhance communication and marketing efficiency, leading to potential revenue growth [66]