Compared to Estimates, Group 1 Automotive (GPI) Q3 Earnings: A Look at Key Metrics
For the quarter ended September 2023, Group 1 Automotive (GPI) reported revenue of $4.71 billion, up 13% over the same period last year. EPS came in at $12.07, compared to $12.00 in the year-ago quarter.
The reported revenue represents a surprise of +3.31% over the Zacks Consensus Estimate of $4.55 billion. With the consensus EPS estimate being $11.32, the EPS surprise was +6.63%.
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 - Retail new vehicles sold: 45,350 versus the four-analyst average estimate of 45,059.
Units sold - Retail used vehicles sold: 50,799 versus 48,865 estimated by four analysts on average.
Average sales price per unit sold - United States - Used Vehicle Retail: $30,838 compared to the $29,791.11 average estimate based on three analysts.
Units sold - United Kingdom - Retail new vehicles sold: 8,271 versus 8,454 estimated by three analysts on average.
Revenues- United States - New vehicle retail sales: $1.92 billion compared to the $1.87 billion average estimate based on three analysts.
Revenues- United States - Used vehicle retail sales: $1.22 billion versus the three-analyst average estimate of $1.14 billion.
Revenues- United Kingdom - New vehicle retail sales: $344.40 million compared to the $341.63 million average estimate based on three analysts.
Revenues- United Kingdom - F&I, net: $17.90 million compared to the $17.13 million average estimate based on three analysts.
Revenues- New vehicle retail sales: $2.26 billion versus the four-analyst average estimate of $2.24 billion. The reported number represents a year-over-year change of +20.2%.
Revenues- Finance, insurance and other, net: $199.40 million versus $194.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
Revenues- Total Used vehicle: $1.67 billion compared to the $1.54 billion average estimate based on four analysts. The reported number represents a change of +6.1% year over year.
Revenues- Used vehicle wholesale sales: $114.70 million versus the four-analyst average estimate of $102.04 million. The reported number represents a year-over-year change of +28%.
View all Key Company Metrics for Group 1 Automotive here>>>
Shares of Group 1 Automotive have returned -10% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report
