Group 1 Automotive(US:GPI)2022-04-27 18:09Financial Performance & Capital Allocation - Group 1 generated $656 million in free cash flow in 2021 and $293 million in 1Q 2022[5] - The company completed $2.5 billion in acquisitions in 2021 and $550 million year-to-date in 2022[7] - Group 1 repurchased 1.6 million shares over 4Q21 & 1Q22, representing nearly 10% of their share count[7] - In 2021, Group 1 completed $1.8 billion Prime Auto Group acquisition[34] - From 2020 through 1Q22, Group 1 repurchased 2.6 million common shares, or approximately 15% of the company's outstanding common shares, for a total of $405.9 million[34] Operational Highlights & Growth Strategies - AcceleRide® units sold experienced 77% year-over-year growth in 2021[9] - Parts & Service generates approximately 45% of total gross profit[28, 34] - Group 1's Texas locations generated 36% of 1Q22 total new vehicle unit sales[25] - 1Q22 Same Store P&S Sales increased by 18.6% year-over-year[44] - In March 2022, over 60% of vehicles sold utilized at least 1 component of the AcceleRide platform[58]