Group 1 Automotive (GPI) could see an increase in value due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #2 (Buy).
HOUSTON, Feb. 13, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), a major automotive retailer with 258 dealerships in the U.S. and U.K., has announced that Daryl Kenningham, the President and CEO, along with the senior management team, will hold an Analyst Day for selected equity analysts on February 13, 2025, at the New York Stock Exchange. The event will cover the Company's financial results for 2024, priorities for 2025, updates on restructuring in the U.K., and will include a Q&A session.
HOUSTON, Feb. 12, 2025 /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI), a Fortune 250 car retailer with 258 dealerships in the U.S. and U.K., has announced that its board of directors has approved a rise in the annual dividend rate for 2025 to $2.00 per share. This is a 6% increase, or $0.12, compared to the 2024 annual dividend rate of $1.88 per share.
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GPI's earnings and revenues for the fourth quarter exceeded the Zacks Consensus Estimate and showed growth compared to the previous year.
Group 1 Automotive Inc. (NYSE:GPI) will hold its Q4 2024 Earnings Conference Call on January 29, 2025, at 10:00 AM ET. The call will feature key company participants, including Pete DeLongchamps, Daryl Kenningham, and Daniel McHenry, along with various conference call participants from notable financial institutions. The operator will begin the call by welcoming everyone to the discussion of Group 1 Automotive's financial results for the fourth quarter and the entire year of 2024.
Daryl Kenningham, the president and CEO of Group 1 Automotive, appears on 'Squawk Box' to talk about the company's quarterly earnings, the current situation in the auto retail industry, and other related topics.
In the current quarter, the diluted earnings per share from ongoing operations are $7.08, while the adjusted diluted earnings per share (a non-GAAP measure) stand at $10.02. The company achieved a record total of 413,364 new and used vehicles sold in the full year, marking a 13.8% increase compared to the previous year. Additionally, Group 1 Automotive reported a gross profit of $879.2 million from total revenues of $5.5 billion, both of which are quarterly records and show significant growth from the prior year.
While the revenue and earnings per share (EPS) for Group 1 Automotive (GPI) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Group 1 Automotive (GPI) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.