NYSE$GPI

Group 1 Automotive Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Group 1 Automotive reported record fourth quarter revenue and earnings per share, marking the highest in company history. The company also completed the largest acquisition in its history and repurchased a significant number of common shares.

Group 1 Automotive announced record 4Q21 financial results, including a 19.4% increase in revenues and a 69.0% increase in diluted earnings per common share from continuing operations. The company completed its largest acquisition and repurchased 1,103,417 common shares for $210.6 million during FY21.

  • Record quarterly revenues achieved with a 19.4% increase.
  • Record quarterly diluted earnings per common share from continuing operations increased by 69.0%.
  • The largest acquisition in company history was completed.
  • Share repurchases in FY21 totaled 1,103,417 common shares for $210.6 million, representing ~6.0% of common shares.

Headline financials

Total Revenue

$3.49B

Previous: $2.99B+16.7%
EPS (adj)

$9.54

Previous: $5.66+68.6%
Gross profit per new vehicle

$194M

Previous: $105M+85.1%
Gross profit per used vehicle

$95.4M

Previous: $51.2M+86.3%
F&I gross profit per retail unit

$2.06K

Previous: $1.77K+16.3%
New retail vehicles sold

35.6K

Previous: 38.5K-7.7%
Average selling price - new

$47.1K

No prior period
Average selling price - used

$30.5K

No prior period
Capital Expenditures

$55.2M

Previous: $24.4M+126.2%
Free Cash Flow

$86.9M

Previous: $68.3M+27.2%
Net Income

$87.1M

Previous: $100M-13.0%
Operating Income

$230M

Previous: $150M+53.0%
Gross Profit

$671M

Previous: $482M+39.3%
Cash & Equivalents

$14.9M

Previous: $87.3M-82.9%
Total Assets

$5.75B

Previous: $5.09B+13.0%
Stock-Based Comp

$9.3M

Previous: $5.3M+75.5%

Revenue & EPS history

Group 1 Automotive · Revenue · Quarterly

$3.49B

Q4 2021+16.7%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Group 1 Automotive · $3.49B total across 5 segments · Q4 2021

  • New vehicle sales
    $1.68B+5.1%
  • Used vehicle sales
    $1.14B+38.9%
  • Parts and service
    $439M+21.5%
  • F&I and other
    $150M+16.1%
  • Wholesale used vehicles
    $87.7M+1.7%

Forward guidance

This press release contains forward-looking statements regarding Group 1 Automotive's future business and financial performance, which are subject to risks and uncertainties. The company undertakes no obligation to update any forward-looking statements.

Tailwinds

  • Strategic investments
  • Goals
  • Plans
  • Projections
  • Guidance regarding our financial position, results of operations and business strategy

Headwinds

  • 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
  • Our relationship with our automobile manufacturers and the willingness of manufacturers to approve future acquisitions

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 Q4 2021

Historical avgQ4 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

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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