Group 1 Automotive Posts Mixed Q2 Earnings Hit By CDK Outage & Adverse Weather Events
Group 1 Automotive Posts Mixed Q2 Earnings Hit By CDK Outage & Adverse Weather Events
Group 1 Automotive Inc (NYSE:GPI) reported second-quarter FY24 sales growth of 3% year-on-year to $4.696 billion, missing the analyst consensus estimate of $4.71 billion.
第一集團汽車公司（紐約證券交易所代碼：GPI）報告稱，24財年第二季度銷售額同比增長3％，達到46.96億美元，未達到分析師共識估計的47.1億美元。
New vehicle retail sales grew 5.4% to $2.4 billion, Used vehicle sales climbed 0.2% to $1.5 billion and sales of Parts and services increased 2.2% to $574.5 million.
新車零售額增長5.4％，達到24億美元，二手車銷售額增長0.2％，至15億美元，零件和服務銷售額增長2.2％，達到5.745億美元。
Gross profit for the quarter decreased 1.2% to $766.5 million, and the gross margin compressed 70 basis points to 16.3%.
該季度的毛利下降了1.2％，至7.665億美元，毛利率壓縮了70個點子至16.3％。
Operating income plunged 10.9% to $241.1 million and the operating margin contracted 80 basis points to 5.1%.
營業收入下降了10.9％，至2.411億美元，營業利潤率收縮了80個點子，至5.1％。
Adjusted EPS of $9.80 beat the consensus estimate of $9.36.
調整後的每股收益爲9.80美元，超過了市場普遍預期的9.36美元。
"Our U.S. team persevered in the face of adversity this quarter. From extreme weather events in Texas and Oklahoma to the CDK outage, we experienced exemplary teamwork, focused on caring for our communities and team members and serving our valued customers efficiently and effectively. Despite these challenges, the U.S. team produced record quarterly new vehicle, parts and service and F&I revenues," said President and CEO Daryl Kenningham.
“本季度，我們的美國隊在逆境中堅持不懈。從德克薩斯州和俄克拉荷馬州的極端天氣事件到CDk停電，我們經歷了模範的團隊合作，專注於關愛我們的社區和團隊成員，高效有效地爲我們尊貴的客戶提供服務。儘管面臨這些挑戰，但美國團隊創造了創紀錄的季度新車、零部件和服務以及F&I收入。” 總裁兼首席執行官達里爾·肯寧漢姆說。
The cybersecurity incident experienced by CDK Global temporarily disrupted the company's business applications and processes in its U.S. operations that rely on CDK's dealers' systems.
CDk Global經歷的網絡安全事件暫時中斷了該公司在美國業務中依賴CDK經銷商系統的業務應用程序和流程。
In the second quarter, the company repurchased 149,570 shares at an average price per common share of $307.82, for a total of $46.0 million. The company currently has $204.6 million remaining in its Board-authorized common share repurchase program.
在第二季度，該公司回購了149,570股股票，平均每股普通股價格爲307.82美元，總額爲4,600萬美元。該公司目前在其董事會批准的普通股回購計劃中還剩2.046億美元。
Group 1 held $64.4 million in cash and equivalents as of June-end. Inventories as of June-end increased 20% to $2.36 billion from December-end.
截至6月底，第一集團持有6,440萬美元的現金及等價物。截至6月底，庫存較12月底增長了20％，達到23.6億美元。
"Our U.K. team remains focused on the acquisition of Inchcape's U.K. retail automotive business planned for Q3 2024, and we look forward to the successful completion of the transaction which will further strengthen our U.K. presence through the addition of quality assets with an expanded geographic footprint," Kenningham added.
肯寧漢姆補充說：“我們的英國團隊仍然專注於計劃於2024年第三季度收購Inchcape的英國零售汽車業務，我們期待交易的成功完成，這將通過增加優質資產和擴大地域覆蓋範圍來進一步加強我們在英國的影響力。”
Price Action: GPI shares closed lower by 1.19% at $304.76 on Tuesday.
價格走勢：週二GPI股價收盤下跌1.19％，至304.76美元。