NYSE$GPI
Group 1 Automotive Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Achieved record quarterly total revenues and gross profit, driven by all-time record new vehicle revenues and parts and service revenues.
Group 1 Automotive reported record financial results for Q2 2023, with all-time record quarterly total revenues of $4.6 billion and total gross profit of $775.5 million. The company saw significant growth in new vehicle and parts and service revenues.
- Record quarterly total revenues and gross profit achieved.
- All-time quarterly record new vehicle revenues, a 21.2% increase year-over-year.
- Parts and service revenues set record for the 9th consecutive quarter, an 11.8% increase year-over-year.
- Acquired three Buick-GMC dealerships and one Kia dealership in Texas, expected to generate $845.0 million of annual revenues.
Headline financials
Revenue & EPS history
Group 1 Automotive · Revenue · Quarterly
$4.56B
Revenue by segment
Group 1 Automotive · $4.56B total across 5 segments · Q2 2023
- New vehicle sales$2.24B+21.2%49.2%
- Used vehicle sales$1.45B-3.6%31.8%
- Parts and service$562M+11.8%12.3%
- F&I and other$190M+0.1%4.2%
- Wholesale used vehicles$113M+17.4%2.5%
Forward guidance
The company did not provide specific forward guidance in this earnings 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 2023
+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
| Quarter | Report date | Reaction (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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