NYSE$GPI
Group 1 Automotive Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Group 1 Automotive achieved record EPS and revenue growth, driven by strong vehicle margins and cost control.
Group 1 Automotive reported record third-quarter results, with EPS increasing by 36.5% and total revenues increasing by 15.4%. The company benefited from strong vehicle margins, improved service volume, and diligent cost control. The company continues to expand its portfolio through acquisitions.
- Record quarterly EPS of $9.33, a 36.5% increase year-over-year.
- Total revenues increased 15.4% to $3.5 billion.
- Gross profit increased 27.6% to $653.2 million.
- Company remains on track to close the purchase of the Prime Auto Group in November.
Headline financials
Revenue & EPS history
Group 1 Automotive · Revenue · Quarterly
$3.51B
Revenue by segment
Group 1 Automotive · $3.51B total across 5 segments · Q3 2021
- New vehicle sales$1.58B-0.3%44.9%
- Used vehicle sales$1.25B+43.9%35.6%
- Parts and service$428M+13.8%12.2%
- F&I and other$148M+14.1%4.2%
- Wholesale used vehicles$109M+26.2%3.1%
Forward guidance
Assuming no material change in consumer demand, the dynamic of selling new vehicles almost immediately upon manufacturer delivery should continue throughout the fourth quarter and into 2022. In addition to the recently announced dealership acquisition in the Dallas and Sacramento markets, the company remains on track to close the purchase of the Prime Auto Group in November.
Tailwinds
- Continued strong vehicle margins.
- Further improvement in service volume.
- Diligent cost control.
- Selling most new vehicles almost immediately upon manufacturer delivery.
- On track to close the purchase of the Prime Auto Group in November.
Headwinds
- No material change in consumer demand.
- General economic and business conditions.
- The level of manufacturer incentives.
- The future regulatory environment.
- Our ability to obtain an inventory of desirable new and used vehicles.
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 Q3 2021
+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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