Welcome to our dedicated page for Group 1 Automotive news (Ticker: GPI), a resource for investors and traders seeking the latest updates and insights on Group 1 Automotive stock.
Group 1 Automotive, Inc. (GPI) delivers comprehensive automotive retail solutions through dealerships, collision centers, and financing services across the United States and United Kingdom. This news hub provides investors and industry observers with essential updates about the company’s strategic developments and market position.
Access timely press releases and verified news covering quarterly earnings, dealership acquisitions, and partnership announcements. Our curated collection helps stakeholders track GPI’s expansion of its 35-brand portfolio and evolving omnichannel retail strategy.
Discover updates on operational milestones including collision center expansions, financial service innovations, and technology integrations across GPI’s network. All content is vetted for relevance to long-term investors and analysts monitoring the automotive retail sector.
Bookmark this page for streamlined access to GPI’s latest corporate communications. Check back regularly for authoritative reporting on one of automotive retail’s most geographically diversified operators.
Group 1 Automotive reported record financial results for Q1 2023, achieving total revenues of $4.1 billion, a 7.4% increase from Q1 2022. New vehicle revenues reached $2.0 billion, representing a 12.1% growth year-over-year. The company also set records in parts and service revenues at $548.3 million, with gross profit at $297.3 million, marking increases of 16.0% and 14.4%, respectively. Despite these gains, net income from continuing operations decreased 21.1% to $158.8 million, and diluted earnings per share fell 5.6% to $11.12. Adjusted earnings per share showed a slight increase of 1.1% over the prior year. The company has also repurchased 180,982 shares in Q1 2023, reflecting ongoing shareholder return strategies.
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