Group 1 Automotive
The 10-second takeaway
For the quarter ended March 31 (Q1), Group 1 Automotive beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share contracted.
Margins dropped across the board.
Group 1 Automotive logged revenue of $1.96 billion. The 11 analysts polled by S&P Capital IQ predicted revenue of $1.92 billion on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $1.66 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.16. The 12 earnings estimates compiled by S&P Capital IQ forecast $1.04 per share. Non-GAAP EPS of $1.16 for Q1 were 20% higher than the prior-year quarter's $0.97 per share. GAAP EPS of $0.88 for Q1 were 9.3% lower than the prior-year quarter's $0.97 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.3%, 30 basis points worse than the prior-year quarter. Operating margin was 3.0%, 20 basis points worse than the prior-year quarter. Net margin was 1.1%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.23 billion. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $8.69 billion. The average EPS estimate is $5.17.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 91 members out of 128 rating the stock outperform, and 37 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Group 1 Automotive a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Group 1 Automotive is outperform, with an average price target of $72.00.
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