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More on Group 1 Automotive's Q4

Published 02/08/2018, 09:03 AM
© Reuters.  More on Group 1 Automotive's Q4
GPI
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  • Group 1 Automotive (NYSE:GPI) reports total revenue rose 7.9% on a constant currency basis in Q4.
  • Total same-store sales grew 4.8% to $2.79B.
  • Same-store sales increased 3.9% for U.S. and 7.4% for U.K.
  • Same-store sales for Brazil expanded 15.7%.
  • Revenue break-up: New vehicle retail sales: $1.66B (+10.2%); Used vehicle retail sales: $709.07M (+8.9%); Used vehicle wholesale sales: $91.81M (-8%); Parts and service: $343.51M (+10.5%); Finance and insurance: $114.71M (+10%).
  • Geographic sales break-up: U.S.: $2.29B (+5.4%); U.K.: $507.85M (+31.1%); Brazil: $125.36M (+8.8%).
  • Gross margin rate flat at 14.6%.
  • Adjusted SG&A expense rate improved 20 bps to 10.6%.
  • Adjusted operating margin rate up 30 bps to 3.5%.
  • Total units sold during the quarter +2.1% Y/Y to 45,588 units.
  • Now read: Weak guidance pulls the plug on iRobot


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