Group 1 Automotive reports Q4 adjusted EPS $9.50, consensus $10.44

Reports Q4 revenue $4.48B, consensus $4.42B. Current quarter new vehicle units sold increased 14.8% over the comparable prior year period. “Our U.S. team produced another strong quarter and full year results. We continue to execute well in this evolving U.S. market. We experienced challenges in our U.K. operations during the current quarter with used vehicles and recognize we have some work ahead of us to bring our costs back in-line with recent trends,” said Daryl Kenningham, Group 1’s President and Chief Executive Officer. “We are focused on reducing costs in the U.K. in the first quarter of 2024, with an expectation of reducing our U.K. headcount by approximately 10%.”