NYSE$GPI

Group 1 Automotive Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Announced offering of $500.0 million of senior unsecured notes due 2030.

Group 1 Automotive announced its intention to offer for sale $500.0 million in aggregate principal amount of senior unsecured notes due 2030. The company expects to use the net proceeds of the offering to repay borrowings under its revolving credit facility and for general corporate purposes.

  • Group 1 Automotive intends to offer $500.0 million in senior unsecured notes.
  • The notes are due in 2030.
  • The offering is subject to market conditions.
  • Net proceeds will be used to repay borrowings and for general corporate purposes.

Headline financials

Total Revenue

$4.7B

Previous: $4.56B+3.0%
EPS (adj)

$9.80

Previous: $11.73-16.5%
Capital Expenditures

-$103M

Previous: -$86.7M-18.7%
Free Cash Flow

$35.3M

Previous: $83.8M-57.9%
Net Income

$138M

Previous: $171M-18.9%
Operating Income

$241M

Previous: $271M-11.0%
Gross Profit

$767M

Previous: $776M-1.2%
Cash & Equivalents

$64.4M

Previous: $22.8M+182.5%
Total Assets

$8.85B

Previous: $7.42B+19.2%
Stock-Based Comp

$6.6M

Previous: $4.7M+40.4%

Revenue & EPS history

Group 1 Automotive · Revenue · Quarterly

$4.7B

Q2 2024+3%vs Q2 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Group 1 Automotive · $4.71B total across 5 segments · Q3 2023

  • New vehicle sales
    $2.26B+20.2%
  • Used vehicle sales
    $1.56B+4.8%
  • Parts and service
    $567M+9.9%
  • F&I and other
    $199M+7.0%
  • Wholesale used vehicles
    $115M+28.0%

Forward guidance

The company's forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in the statements.

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 2024

Historical avgQ2 2024

+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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