secwatch.observer — SEC 8-K summary
======================================

Issuer:     GROUP 1 AUTOMOTIVE INC (GPI)
CIK:        0001031203
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001031203-24-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031203/000103120324000031/0001031203-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031203/000103120324000031/gpi-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001031203-24-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer