Group 1 Automotive Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Group 1 Automotive (NYSE:GPI) Full Year 2024 Results

Key Financial Results

• Revenue: US$19.9b (up 12% from FY 2023).
• Net income: US$486.4m (down 17% from FY 2023).
• Profit margin: 2.4% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$36.87 (down from US$42.92 in FY 2023).

GPI Sales Performance

• Like-for-like sales growth: 1.5% vs FY 2023.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Group 1 Automotive Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 5.6%.

The primary driver behind last 12 months revenue was the United States (U.S.) segment contributing a total revenue of US$15.8b (79% of total revenue). Notably, cost of sales worth US$16.7b amounted to 84% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.06b (75% of total expenses). Explore how GPI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are up 2.7% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Group 1 Automotive has 2 warning signs (and 1 which is concerning) we think you should know about.

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