---
schema_version: "secwatch.filing_event.v1"
accession: "0001031203-24-000031"
form_type: "8-K"
ticker: "GPI"
cik: "0001031203"
company_name: "GROUP 1 AUTOMOTIVE INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:12:08.496029+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Group 1 Automotive Q1 2024: Revenue record $4.5B, adjusted EPS $9.49 down 13% YoY

## Summary
- Q1 2024 diluted EPS from continuing ops $10.76; adjusted diluted EPS $9.49 (down 13.2% YoY).
- Total revenue $4.5B (record, +8.2% YoY); net income from continuing ops $147.4M (down 7.2%).
- Parts & service revenue $576.2M record (+5.1% YoY); U.K. total revenue $824.8M record (+4.7%).
- Acquired 9 dealerships in Q1 with combined expected annual revenue ~$1.0B; disposed 6 dealerships in Beaumont, TX.
- Repurchased 203,350 shares for $53.8M in Q1; $89.6M remaining under buyback authorization.

## SEC filing metadata
- accession: 0001031203-24-000031
- form_type: 8-K
- ticker: GPI
- cik: 0001031203
- company_name: GROUP 1 AUTOMOTIVE INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000031/0001031203-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000031/gpi-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001031203-24-000031
- JSON: https://secwatch.observer/filing/0001031203-24-000031.json
- Plain text: https://secwatch.observer/filing/0001031203-24-000031.txt

## Key facts
- Earnings Releases
  GROUP 1 AUTOMOTIVE INC reported the first quarter of 2024 results: revenue $4.5 billion, net income $147.4 million, EPS $10.76.
  - Period: the first quarter of 2024
  - Revenue: $4.5 billion
  - Net income: $147.4 million
  - EPS: $10.76
  - Result: reported results
  source text: Group 1 Automotive Reports First Quarter 2024 Financial Results • Current quarter diluted earnings per common share from continuing operations of $10.76 and current quarter adjusted diluted earnings per common share from continuing operations (a non-GAAP measure) of $9.49 • Total revenues of $4.5 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031203/000103120324000031/0001031203-24-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.