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Here's What Key Metrics Tell Us About Group 1 Automotive (GPI) Q3 Earnings
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For the quarter ended September 2024, Group 1 Automotive (GPI - Free Report) reported revenue of $5.22 billion, up 11% over the same period last year. EPS came in at $9.90, compared to $12.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.14 billion, representing a surprise of +1.61%. The company delivered an EPS surprise of -0.30%, with the consensus EPS estimate being $9.93.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Group 1 Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Units sold - United Kingdom - Retail new vehicles sold: 14,075 versus 11,656 estimated by three analysts on average.
Average sales price per unit sold - United Kingdom - Used Vehicle Retail: $29,078 versus $29,393.76 estimated by three analysts on average.
Units sold - Retail new vehicles sold: 53,775 versus the three-analyst average estimate of 51,607.
Units sold - Retail used vehicles sold: 55,907 versus 54,626 estimated by three analysts on average.
Revenues- United States - New vehicle retail sales: $2.02 billion versus the three-analyst average estimate of $2.04 billion. The reported number represents a year-over-year change of +5%.
Revenues- United States - Used vehicle retail sales: $1.16 billion compared to the $1.23 billion average estimate based on three analysts. The reported number represents a change of -5.3% year over year.
Revenues- United Kingdom - New vehicle retail sales: $550.70 million versus $506.76 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +59.9% change.
Revenues- United Kingdom - F&I, net: $29.40 million versus $25.50 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +64.3% change.
Revenues- New vehicle retail sales: $2.57 billion compared to the $2.53 billion average estimate based on four analysts. The reported number represents a change of +13.4% year over year.
Revenues- Used vehicle retail sales: $1.66 billion versus the four-analyst average estimate of $1.65 billion. The reported number represents a year-over-year change of +6.2%.
Revenues- Finance, insurance and other, net: $214.10 million compared to the $214.82 million average estimate based on four analysts. The reported number represents a change of +7.4% year over year.
Revenues- Total Used vehicle: $1.78 billion versus $1.77 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
Shares of Group 1 Automotive have returned -6.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Group 1 Automotive (GPI) Q3 Earnings
For the quarter ended September 2024, Group 1 Automotive (GPI - Free Report) reported revenue of $5.22 billion, up 11% over the same period last year. EPS came in at $9.90, compared to $12.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.14 billion, representing a surprise of +1.61%. The company delivered an EPS surprise of -0.30%, with the consensus EPS estimate being $9.93.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Group 1 Automotive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Units sold - United Kingdom - Retail new vehicles sold: 14,075 versus 11,656 estimated by three analysts on average.
- Average sales price per unit sold - United Kingdom - Used Vehicle Retail: $29,078 versus $29,393.76 estimated by three analysts on average.
- Units sold - Retail new vehicles sold: 53,775 versus the three-analyst average estimate of 51,607.
- Units sold - Retail used vehicles sold: 55,907 versus 54,626 estimated by three analysts on average.
- Revenues- United States - New vehicle retail sales: $2.02 billion versus the three-analyst average estimate of $2.04 billion. The reported number represents a year-over-year change of +5%.
- Revenues- United States - Used vehicle retail sales: $1.16 billion compared to the $1.23 billion average estimate based on three analysts. The reported number represents a change of -5.3% year over year.
- Revenues- United Kingdom - New vehicle retail sales: $550.70 million versus $506.76 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +59.9% change.
- Revenues- United Kingdom - F&I, net: $29.40 million versus $25.50 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +64.3% change.
- Revenues- New vehicle retail sales: $2.57 billion compared to the $2.53 billion average estimate based on four analysts. The reported number represents a change of +13.4% year over year.
- Revenues- Used vehicle retail sales: $1.66 billion versus the four-analyst average estimate of $1.65 billion. The reported number represents a year-over-year change of +6.2%.
- Revenues- Finance, insurance and other, net: $214.10 million compared to the $214.82 million average estimate based on four analysts. The reported number represents a change of +7.4% year over year.
- Revenues- Total Used vehicle: $1.78 billion versus $1.77 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
View all Key Company Metrics for Group 1 Automotive here>>>Shares of Group 1 Automotive have returned -6.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.