NYSE$GPI

Group 1 Automotive Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Group 1 Automotive delivered strong profitability via cost control and faster-than-expected market recovery.

Group 1 Automotive reported a second quarter net income of $30.2 million, with a total revenue of $2.1 billion. The company's ability to react quickly to lower levels of business activity and rapid cost cuts, combined with a quicker-than-expected U.S. auto market recovery, enabled them to achieve very strong operating results.

  • Total revenue decreased 29.1 percent to $2.1 billion.
  • Total gross profit decreased 21.0 percent to $358.8 million.
  • F&I gross profit per retail unit increased 9.1 percent to $1,697.
  • Adjusted SG&A as a percent of gross profit decreased 1,100 basis points to 62.8 percent.

Headline financials

Total Revenue

$2.13B

Previous: $3.01B-29.1%
EPS (adj)

$3.77

Previous: $2.83+33.2%
F&I gross profit per retail unit

$1.7K

Previous: $1.56K+9.1%
New retail vehicles sold

26.5K

Previous: 42.1K-37.1%
Average selling price - new

$40.1K

Previous: $37.2K+7.9%
Average selling price - used

$21K

Previous: $21.1K-0.5%
Capital Expenditures

-$60.5M

Previous: -$109M+44.6%
Free Cash Flow

-$30.3M

Previous: -$60M+49.5%
Net Income

$30.2M

Previous: $49.2M-38.6%
Operating Income

$79M

Previous: $97.1M-18.7%
Gross Profit

$359M

Previous: $454M-21.0%
Cash & Equivalents

$72.7M

Previous: $37.7M+92.6%
Total Assets

$4.86B

Previous: $5.23B-7.0%
Stock-Based Comp

$16.6M

Previous: $3.92M+323.1%

Revenue & EPS history

Group 1 Automotive · Revenue · Quarterly

$2.13B

Q2 2020-29.1%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Group 1 Automotive · $2.13B total across 5 segments · Q2 2020

  • New vehicle sales
    $1.06B-32.1%
  • Used vehicle sales
    $641M-23.6%
  • Parts and service
    $282M-25.4%
  • F&I and other
    $96.7M-24.0%
  • Wholesale used vehicles
    $48.7M-49.3%

Forward guidance

No specific forward guidance provided in this report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.5%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+4.2%

Avg return

30 days after

53%

35 / 66 earnings

Positive

+15.3%

Q3 2014

Best reaction

-9.4%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-2.3%-9.7%
Q4 2025-8.9%-12.8%-17.8%
Q3 2025-6.4%-5.3%-4.1%
Q2 2025-1.8%-1.5%+1.5%
Q1 2025+2.0%+2.2%+6.8%
Q4 2024-2.0%-2.3%+0.2%
Q3 2024+2.6%+3.7%+19.9%
Q2 2024+2.3%+7.3%+13.3%
Q1 2024+7.5%+7.2%+10.2%
Q4 2023-4.7%-5.0%-3.6%
Q3 2023+7.1%+6.1%+21.8%
Q2 2023+1.7%+4.2%+4.1%
Q1 2023+1.6%+3.3%+2.5%
Q4 2022+7.0%+7.4%+14.5%
Q3 2022+6.4%+6.2%+17.0%
Q2 2022+4.1%+7.3%+9.7%
Q1 2022+6.9%+7.4%+9.9%
Q4 2021-3.2%+0.6%+6.6%
Q3 2021-0.2%+6.0%+10.8%
Q2 2021+5.3%+2.5%+0.7%
Q1 2021-2.9%+0.4%-5.7%
Q4 2020+4.0%+10.4%+10.4%
Q3 2020-2.7%+5.3%+11.4%
Q2 2020-5.7%-0.4%+3.0%
Q1 2020-7.4%+1.3%+36.3%
Q4 2019-8.1%-6.2%-19.7%
Q3 2019+8.6%+10.0%+8.5%
Q2 2019-1.4%-3.0%-17.5%
Q1 2019+6.4%+4.9%+2.4%
Q4 2018-0.6%-8.2%-1.8%
Q3 2018+4.4%+6.1%+4.5%
Q2 2018+6.0%+7.6%+20.7%
Q1 2018-1.1%-0.1%+5.5%
Q4 2017+5.9%+3.2%+2.3%
Q3 2017+11.3%+11.5%+11.4%
Q2 2017+0.5%-2.0%-8.3%
Q1 2017-9.4%-13.1%-17.6%
Q4 2016+1.0%-1.0%-1.4%
Q3 2016-5.4%-6.2%+10.8%
Q2 2016+5.6%+1.7%-1.8%
Q1 2016+8.4%
Q4 2015-7.5%
Q3 2015-1.8%
Q2 2015+3.3%
Q1 2015-5.5%
Q4 2014+3.3%
Q3 2014+15.3%
Q2 2014-5.5%
Q1 2014+6.2%
Q4 2013+1.0%
Q3 2013-6.2%
Q2 2013+5.6%
Q1 2013+6.9%
Q4 2012-9.1%
Q3 2012-3.0%
Q2 2012+5.1%
Q1 2011+0.4%
Q1 2012+1.2%
Q1 2010-6.7%
Q4 2009-6.7%
Q4 2011-6.7%
Q3 2011+4.6%
Q3 2010+4.6%
Q2 2010-3.8%
Q4 2010-3.8%
Q2 2011-3.8%

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