Group 1 Automotive reports Q1 EPS $10.93, consensus $9.87

Reports Q1 revenue $4.13B, consensus $3.88B. "Group 1 achieved another strong quarter. Our teams delivered record aftersales performances in both the U.S. and U.K., as a result of ongoing investment in aftersales in areas such as technician recruitment, innovation, and technology. Our customers continue to respond by trusting us with their business," said Daryl Kenningham, Group 1’s president and CEO. "Record first quarter new vehicle revenues are a result to some degree of elevated prices from ongoing inventory shortages. Some manufacturers are maintaining production discipline into the future. Our days’ supply continues well below historical averages and is single digits in some of our critical brands. We also saw outstanding success with AcceleRide(R) in the quarter, setting another sales record where our customers engaged on a deeper level than ever before."