Group 1 Automotive, Inc. reported first-quarter 2025 financial results, with total revenues reaching $5.5 billion, a 23.1% increase year-over-year. Total gross profit for the quarter was $891.9 million, up 20.1% from the prior year.
The company's U.S. business performed well, while U.K. operations showed improved efficiency, with SG&A as a percent of gross profit reduced to 2024 pre-acquisition levels due to ongoing restructuring. Group 1 recognized $11.1 million in restructuring charges during the quarter.
In corporate development, Group 1 acquired one Lexus and three Toyota dealerships in the U.K., expected to generate $100.0 million in annual revenues. Concurrently, the company disposed of one Subaru dealership in the U.S. and closed two Volkswagen dealerships in the U.K., which collectively generated approximately $150.0 million in annual revenues.
Group 1 repurchased 286,731 shares for $122.8 million at an average price of $428.33 per share during the quarter, with $353.3 million remaining on its share repurchase authorization. Adjusted diluted EPS from continuing operations was $10.17, and adjusted free cash flows for the quarter were $105 million.
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