- Group 1 Automotive (GPI, Financial) reported a 23.1% year-over-year increase in Q1 2025 revenues, reaching $5.5 billion.
- UK operations delivered record performance with gross profit up by 109.6% to $217.0 million.
- 286,731 shares were repurchased at $428.33 each, totaling $122.8 million, with $353.3 million still available for the program.
Group 1 Automotive (GPI) experienced a significant surge in revenues for the first quarter of 2025, marking a 23.1% increase compared to the same period in 2024. The automotive retailer achieved total revenues of $5.5 billion, showcasing a strong performance amidst challenging market conditions.
The company's UK operations stood out with remarkable achievements, reporting gross profits of $217.0 million from $1.6 billion in revenues. This represents increases of 109.6% and 92.0%, respectively, compared to Q1 2024. Group 1 successfully reduced its UK SG&A expenses as a percentage of gross profit to pre-acquisition levels of 78.3%, indicating effective integration and cost management strategies.
During the quarter, Group 1 expanded its portfolio by acquiring one Lexus and three Toyota dealerships in the UK, which are projected to contribute $100 million in annual revenue. The strategic move aligns with the company's objective to optimize its dealership portfolio and enhance revenue streams.
In terms of share repurchases, the company bought back 286,731 shares at an average price of $428.33, amounting to $122.8 million. This activity reflects Group 1's commitment to returning value to shareholders. As of March 31, 2025, $353.3 million remained authorized for future repurchases under the share buyback program.
