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Group 1 Automotive (GPI)
NYSE:GPI
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
9.71Last Year’s EPS
9.53Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -14.60%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong performance in the U.S. market with record revenues and effective capital allocation strategies. However, significant challenges were noted in the U.K. market due to regulatory changes and integration disruptions. While the U.S. results were particularly strong, the issues in the U.K. are a cause for concern.Company Guidance
During the Group 1 Automotive Fourth Quarter and Full Year 2024 Financial Results Conference Call, the company provided several key metrics and forward-looking guidance. Group 1 reported a record total revenue of $5.5 billion for the fourth quarter, with new vehicle sales contributing $2.9 billion, parts and service revenues at $680 million, and F&I reaching $226 million. The U.S. operations saw a 14% increase in new vehicle units sold, with same-store used volumes up 5%. The F&I business achieved a $109 increase in PRU, with new vehicle finance penetration improving. The company increased its technician headcount by 7% in the U.S. and plans to continue investing in aftersales, including a program to install air conditioning in U.S. shops by the end of 2025. Group 1's U.K. operations focused on integrating Inchcape's dealerships, impacting SG&A through the fourth quarter. They anticipate substantial completion of these integration activities by the end of the first quarter of 2025. The U.K. market faces challenges due to government-imposed zero emissions mandates, with the market falling short of the 2024 BEV mix target. Group 1 aims to improve performance through leadership and process changes in both the U.S. and U.K. markets.Record Revenue Achievements
Group 1 Automotive reported total revenues of $5.5 billion in Q4 2024, an all-time quarterly record, including records in new vehicle sales ($2.9 billion), parts and service revenues ($680 million), and F&I ($226 million).
U.S. Market Performance
Record new vehicle units sold and sequential improvement in PRU, with new vehicle volumes outpacing the industry. Same-store used volumes were up 5%, and parts and service revenues saw a same-store growth of nearly 9%.
Increased Technician Headcount
Group 1 increased its technician headcount by 7% on a same-store basis in the U.S., contributing to improvements in aftersales capacity and revenue.
Strong F&I Performance
F&I revenues in the U.S. reached a quarterly record of $196 million with an F&I GPU of $2,415, up 3% sequentially and year-over-year.
Capital Allocation Strategy
Significant acquisitions in 2024, growing the company by 24% and repurchasing 25% of its stock over the past 3 years. $462 million remains in the share repurchase plan.
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GPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $458.31 | $448.96 | -2.04% |
| Oct 30, 2024 | $354.24 | $377.08 | +6.45% |
| Jul 24, 2024 | $303.71 | $324.59 | +6.87% |
| Apr 24, 2024 | $278.11 | $298.22 | +7.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Group 1 Automotive (GPI) report earnings?
Group 1 Automotive (GPI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Group 1 Automotive (GPI) earnings time?
Group 1 Automotive (GPI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GPI EPS forecast?
GPI EPS forecast for the fiscal quarter 2025 (Q1) is 9.71.
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