GROUP 1 AUTOMOTIVE INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
GPI$268.46+2.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In millions, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| REVENUES: | |||
| New vehicle retail sales | $9,972.4 | $8,774.6 | $7,452.5 |
| Used vehicle retail sales | 6,179.9 | 5,693.5 | 5,673.3 |
| Used vehicle wholesale sales | 462.4 | 441.4 | 364.6 |
| Parts and service sales | 2,491.0 | 2,222.3 | 2,009.5 |
| Finance, insurance and other, net | 828.7 | 741.9 | 722.2 |
| Total revenues | 19,934.3 | 17,873.7 | 16,222.1 |
| COST OF SALES: | |||
| New vehicle retail sales | 9,254.5 | 8,007.6 | 6,627.0 |
| Used vehicle retail sales | 5,849.9 | 5,392.6 | 5,359.6 |
| Used vehicle wholesale sales | 465.7 | 445.2 | 364.6 |
| Parts and service sales | 1,123.2 | 1,008.0 | 905.8 |
| Total cost of sales | 16,693.3 | 14,853.4 | 13,256.9 |
| GROSS PROFIT | 3,241.0 | 3,020.3 | 2,965.2 |
| Selling, general and administrative expenses | 2,179.2 | 1,926.8 | 1,783.3 |
| Depreciation and amortization expense | 113.1 | 92.0 | 88.4 |
| Asset impairments | 33.0 | 32.9 | 2.1 |
| Restructuring charges | 16.7 | — | — |
| Other operating (income) expense | (10.0) | — | — |
| INCOME FROM OPERATIONS | 909.1 | 968.6 | 1,091.4 |
| INTEREST EXPENSE: | |||
| Floorplan interest expense | 108.5 | 64.1 | 27.3 |
| Other interest expense, net | 141.3 | 99.8 | 77.5 |
| Other expense | 0.7 | 4.5 | 1.2 |
| INCOME BEFORE INCOME TAXES | 658.5 | 800.2 | 985.3 |
| Provision for income taxes | 161.5 | 198.2 | 231.1 |
| Net income from continuing operations | 497.0 | 602.0 | 754.2 |
| Net income (loss) from discontinued operations | 1.2 | (0.4) | (2.7) |
| NET INCOME | $498.1 | $601.6 | $751.5 |
| BASIC EARNINGS PER SHARE: | |||
| Continuing operations | $36.88 | $42.92 | $47.46 |
| Discontinued operations | 0.09 | (0.03) | (0.17) |
| Total | $36.96 | $42.89 | $47.29 |
| DILUTED EARNINGS PER SHARE: | |||
| Continuing operations | $36.72 | $42.75 | $47.31 |
| Discontinued operations | 0.09 | (0.03) | (0.17) |
| Total | $36.81 | $42.73 | $47.14 |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| Basic | 13.2 | 13.7 | 15.4 |
| Diluted | 13.2 | 13.7 | 15.5 |
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