Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 1

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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STOCKHOLDERS’ EQUITY:Common stock, $0.01 par value, 50,000,000 shares authorized; 24,964,378 and 24,989,807 shares issued, respectively0.2 0.2 Additional paid-in capital360.3 356.1 Retained earnings4,243.9 4,122.4 Accumulated other comprehensive income (loss)15.4 1.6 Treasury stock, at cost; 11,932,681 and 11,711,022 shares, respectively(1,627.4)(1,506.2)TOTAL STOCKHOLDERS’ EQUITY2,992.5 2,974.3 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$9,887.0 $9,824.2 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)3

Table of Contents

GROUP 1 AUTOMOTIVE, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In millions, except per share data)

 Three Months Ended March 31, 20252024REVENUES:New vehicle retail sales$2,680.0 $2,182.6 Used vehicle retail sales1,755.4 1,416.8 Used vehicle wholesale sales151.6 106.0 Parts and service sales692.1 576.2 Finance, insurance and other, net226.2 188.9 Total revenues5,505.3 4,470.5 COST OF SALES:New vehicle retail sales2,490.3 2,023.1 Used vehicle retail sales1,661.9 1,334.7 Used vehicle wholesale sales150.1 106.9 Parts and service sales311.1 263.2 Total cost of sales4,613.3 3,727.9 GROSS PROFIT891.9 742.6 Selling, general and administrative expenses617.3 476.1 Depreciation and amortization expense29.3 23.8 Asset impairments0.4 — Restructuring charges11.1 — INCOME FROM OPERATIONS233.9 242.6 Floorplan interest expense26.9 20.5 Other interest expense, net39