Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 18

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Weighted average dilutive common shares outstanding12,842,691 13,294,056 12,962,372 13,341,412 Basic:Net income$140.5 $138.2 $268.6 $286.1 Less: Earnings allocated to participating securities from continuing operations1.6 2.9 3.2 6.3 Less: Earnings allocated to participating securities to discontinued operations— — — — Net income available to basic common shares$138.9 $135.2 $265.4 $279.8 Basic earnings per common share$10.84 $10.22 $20.52 $21.07 Diluted:Net income$140.5 $138.2 $268.6 $286.1 Less: Earnings allocated to participating securities from continuing operations1.6 2.9 3.2 6.3 Less: Earnings allocated to participating securities to discontinued operations— — — — Net income available to diluted common shares$139.0 $135.2 $265.4 $279.8 Diluted earnings per common share$10.82 $10.17 $20.48 $20.97 

7. FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Accounting standards define fair value as the price that would be received from selling an asset or paid to transfer a liability in the most advantageous market in an orderly transaction between market participants at the measurement date. Accounting standards establish a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value and establishes the following three levels of inputs that may be used to measure fair value: •Level 1 — Quoted prices for identical assets or liabilities in active markets.

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Table of Contents GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

•Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or model-derived valuations or other inputs that are observable or that can be corroborated by observable market data for substantially the full term of the assets or liabilities. •Level