2024 Q3 Form 10-Q Financial Statement

#000103120324000058 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $4.696B
YoY Change 3.03%
Cost Of Revenue $3.930B
YoY Change 3.88%
Gross Profit $766.5M
YoY Change -1.16%
Gross Profit Margin 16.32%
Selling, General & Admin $497.2M
YoY Change 1.86%
% of Gross Profit 64.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.20M
YoY Change 22.08%
% of Gross Profit 3.68%
Operating Expenses $497.2M
YoY Change -2.72%
Operating Profit $241.1M
YoY Change -8.81%
Interest Expense -$58.10M
YoY Change 40.0%
% of Operating Profit -24.1%
Other Income/Expense, Net -$100.0K
YoY Change -92.86%
Pretax Income $183.0M
YoY Change -19.7%
Income Tax $45.20M
% Of Pretax Income 24.7%
Net Earnings $138.2M
YoY Change -16.95%
Net Earnings / Revenue 2.94%
Basic Earnings Per Share $10.22
Diluted Earnings Per Share $10.17
COMMON SHARES
Basic Shares Outstanding 13.40M shares 13.53M shares
Diluted Shares Outstanding 13.29M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.40M
YoY Change 182.46%
Cash & Equivalents $64.40M
Short-Term Investments
Other Short-Term Assets $101.9M
YoY Change -16.34%
Inventory $2.357B
Prepaid Expenses $31.10M
Receivables $259.5M
Other Receivables $349.9M
Total Short-Term Assets $3.171B
YoY Change 34.99%
LONG-TERM ASSETS
Property, Plant & Equipment $2.719B
YoY Change 10.44%
Goodwill $1.916B
YoY Change 13.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $172.6M
YoY Change -5.73%
Total Long-Term Assets $5.680B
YoY Change 11.9%
TOTAL ASSETS
Total Short-Term Assets $3.171B
Total Long-Term Assets $5.680B
Total Assets $8.850B
YoY Change 19.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $490.6M
YoY Change -10.64%
Accrued Expenses $316.2M
YoY Change -2.04%
Deferred Revenue
YoY Change
Short-Term Debt $2.100B
YoY Change 80.95%
Long-Term Debt Due $170.6M
YoY Change 126.26%
Total Short-Term Liabilities $3.098B
YoY Change 45.96%
LONG-TERM LIABILITIES
Long-Term Debt $2.279B
YoY Change 4.83%
Other Long-Term Liabilities $136.1M
YoY Change -62.44%
Total Long-Term Liabilities $136.1M
YoY Change -94.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.098B
Total Long-Term Liabilities $136.1M
Total Liabilities $3.234B
YoY Change -34.08%
SHAREHOLDERS EQUITY
Retained Earnings $3.923B
YoY Change 15.73%
Common Stock $360.0M
YoY Change 5.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.866B
YoY Change
Total Liabilities & Shareholders Equity $8.850B
YoY Change 19.2%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $138.2M
YoY Change -16.95%
Depreciation, Depletion And Amortization $28.20M
YoY Change 22.08%
Cash From Operating Activities -$124.0M
YoY Change -229.84%
INVESTING ACTIVITIES
Capital Expenditures $39.70M
YoY Change -22.0%
Acquisitions
YoY Change
Other Investing Activities -$11.10M
YoY Change -94.8%
Cash From Investing Activities -$50.80M
YoY Change -80.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 197.0M
YoY Change 15.88%
NET CHANGE
Cash From Operating Activities -124.0M
Cash From Investing Activities -50.80M
Cash From Financing Activities 197.0M
Net Change In Cash 22.20M
YoY Change 2120.0%
FREE CASH FLOW
Cash From Operating Activities -$124.0M
Capital Expenditures $39.70M
Free Cash Flow -$163.7M
YoY Change -467.04%

Facts In Submission

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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2237500000 usd
us-gaap Net Income Loss
NetIncomeLoss
329000000.0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18100000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
66500000 usd
gpi Stock Issued During Period Value Employee Stock Purchase Plan Net
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNet
3100000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10500000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.90
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
12800000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2518900000 usd
us-gaap Net Income Loss
NetIncomeLoss
286100000 usd
us-gaap Net Income Loss
NetIncomeLoss
329000000.0 usd
gpi Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
52000000.0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14200000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
10500000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1700000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1500000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
55700000 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
11800000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
300000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
21300000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
15000000.0 usd
us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
329000000.0 usd
us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
283800000 usd
gpi Increase Decrease In Contracts In Transit And Vehicle Receivables
IncreaseDecreaseInContractsInTransitAndVehicleReceivables
-18300000 usd
gpi Increase Decrease In Contracts In Transit And Vehicle Receivables
IncreaseDecreaseInContractsInTransitAndVehicleReceivables
-9900000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4400000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2200000 usd
gpi Increase Decrease Floor Plan Notes
IncreaseDecreaseFloorPlanNotes
-157600000 usd
gpi Increase Decrease Floor Plan Notes
IncreaseDecreaseFloorPlanNotes
-70100000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-400000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-200000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-12500000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-12600000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
129800000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
239000000.0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
690300000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
363500000 usd
gpi Proceeds From Disposition Of Franchise Property And Equipment
ProceedsFromDispositionOfFranchisePropertyAndEquipment
201100000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102900000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
86700000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57200000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4696400000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4558500000 usd
CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
200000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
800000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-100000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
138200000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
170500000 usd
us-gaap Net Income Loss
NetIncomeLoss
286100000 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001031203
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
259500000 usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
99100000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1651900000 usd
CY2023Q4 us-gaap Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
701200000 usd
CY2024Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
359700000 usd
CY2024Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1443700000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7774100000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
766500000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1300000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
400000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
170300000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
285300000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
329100000 usd
CY2024Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
300000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
10.20
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
12.06
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
21.01
CY2023Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
238400000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
2356800000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1963400000 usd
CY2024Q2 gpi Floorplan Offset
FloorplanOffset
79400000 usd
CY2023Q4 gpi Floorplan Offset
FloorplanOffset
236700000 usd
CY2024Q2 gpi Fmcc Offset
FMCCOffset
14800000 usd
CY2023Q4 gpi Fmcc Offset
FMCCOffset
38500000 usd
CY2024Q2 gpi Floorplan Notes Payable Manufacturer Affiliates
FloorplanNotesPayableManufacturerAffiliates
713300000 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3097700000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2505700000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1989400000 usd
dei Entity Address Address Line1
EntityAddressAddressLine1
800 Gessner,
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 500
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston,
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei City Area Code
CityAreaCode
713
dei Local Phone Number
LocalPhoneNumber
647-5700
dei Security12b Title
Security12bTitle
Common stock, par value $0.01 per share
dei Trading Symbol
TradingSymbol
GPI
CY2024Q2 gpi Floorplan Notes Payable Credit Facility Gross
FloorplanNotesPayableCreditFacilityGross
1386600000 usd
CY2023Q4 gpi Floorplan Notes Payable Credit Facility Gross
FloorplanNotesPayableCreditFacilityGross
1153000000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2279300000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
497200000 usd
CY2024Q2 gpi Depreciation Depletion And Amortization Continuing Operations
DepreciationDepletionAndAmortizationContinuingOperations
28200000 usd
CY2023Q2 gpi Depreciation Depletion And Amortization Continuing Operations
DepreciationDepletionAndAmortizationContinuingOperations
23100000 usd
gpi Depreciation Depletion And Amortization Continuing Operations
DepreciationDepletionAndAmortizationContinuingOperations
52000000.0 usd
gpi Depreciation Depletion And Amortization Continuing Operations
DepreciationDepletionAndAmortizationContinuingOperations
45500000 usd
CY2024Q2 gpi Asset Impairment Charges Continued Operations
AssetImpairmentChargesContinuedOperations
0 usd
CY2023Q2 gpi Asset Impairment Charges Continued Operations
AssetImpairmentChargesContinuedOperations
1800000 usd
gpi Asset Impairment Charges Continued Operations
AssetImpairmentChargesContinuedOperations
2900000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
241100000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
270800000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
483800000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
512300000 usd
CY2024Q2 gpi Floor Plan Interest Expense
FloorPlanInterestExpense
24700000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4200000 usd
us-gaap Net Income Loss
NetIncomeLoss
329000000.0 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.06
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.17
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
170500000 usd
us-gaap Net Income Loss
NetIncomeLoss
286100000 usd
us-gaap Net Income Loss
NetIncomeLoss
329000000.0 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
1000000.0 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
7400000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
8800000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
0 usd
CY2023Q2 gpi Other Comprehensive Income Loss Reclassification Of Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossReclassificationOfCashFlowHedgeGainLossAfterReclassificationAndTax
0 usd
gpi Other Comprehensive Income Loss Reclassification Of Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossReclassificationOfCashFlowHedgeGainLossAfterReclassificationAndTax
200000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2200000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
12600000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4400000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-2800000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3300000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
23800000 usd
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
134900000 usd
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
194400000 usd
CY2024Q2 gpi Stock Issued During Period Value Employee Stock Purchase Plan Net
StockIssuedDuringPeriodValueEmployeeStockPurchasePlanNet
5200000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6600000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.47
gpi Depreciation Depletion And Amortization Including Discontinued Operations
DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations
45500000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
11900000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
12700000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-600000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2700000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2900000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
4500000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
800000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1600000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4100000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
85800000 usd
gpi Proceeds From Disposition Of Franchise Property And Equipment
ProceedsFromDispositionOfFranchisePropertyAndEquipment
80800000 usd
gpi Escrow Payments For Acquisitions
EscrowPaymentsForAcquisitions
86400000 usd
gpi Escrow Payments For Acquisitions
EscrowPaymentsForAcquisitions
0 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9400000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-669000000.0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-369100000 usd
gpi Borrowings On Credit Facility Floorplan Line
BorrowingsOnCreditFacilityFloorplanLine
6490700000 usd
gpi Borrowings On Credit Facility Floorplan Line
BorrowingsOnCreditFacilityFloorplanLine
5005900000 usd
gpi Repayments On Credit Facility Floorplan Line
RepaymentsOnCreditFacilityFloorplanLine
6112800000 usd
gpi Repayments On Credit Facility Floorplan Line
RepaymentsOnCreditFacilityFloorplanLine
4928100000 usd
gpi Borrowings On Credit Facility Acquisition Line
BorrowingsOnCreditFacilityAcquisitionLine
464200000 usd
gpi Borrowings On Credit Facility Acquisition Line
BorrowingsOnCreditFacilityAcquisitionLine
200000000.0 usd
gpi Repayments On Credit Facility Acquisition Line
RepaymentsOnCreditFacilityAcquisitionLine
495000000.0 usd
gpi Repayments On Credit Facility Acquisition Line
RepaymentsOnCreditFacilityAcquisitionLine
53200000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3800000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
100000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
377000000.0 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
88200000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
67700000 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
134100000 usd
gpi Net Issuance Of Common And Treasury Shares To Employee Stock Compensation Plans
NetIssuanceOfCommonAndTreasurySharesToEmployeeStockCompensationPlans
13000000.0 usd
gpi Net Issuance Of Common And Treasury Shares To Employee Stock Compensation Plans
NetIssuanceOfCommonAndTreasurySharesToEmployeeStockCompensationPlans
11400000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6900000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8300000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
99800000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
66000000.0 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12700000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12700000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
546400000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
103000000.0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2100000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
7200000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-25100000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47900000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
64400000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22800000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of the Company’s financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the balance sheet date and the amounts of revenues and expenses recognized during the reporting period. Management analyzes the Company’s estimates based on historical experience and other assumptions that are believed to be reasonable under the circumstances; however, actual results could differ materially from such estimates. Significant estimates were made by management in the accompanying Condensed Consolidated Financial Statements, related to, but not limited to, inventory valuation adjustments, reserves for future chargebacks on finance, insurance and vehicle service contract fees, self-insured property and casualty insurance exposure, the fair value of assets acquired and liabilities assumed in business combinations, the valuation of goodwill and intangible franchise rights and reserves for potential litigation.
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9166900000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8688500000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4696400000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9166900000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
183000000.0 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
376300000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4558500000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8688500000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
227900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
434300000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13226129 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13777225 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13277425 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13819024 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
67927 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
40058 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
63987 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
46711 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13294056 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13817283 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13341412 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13865736 shares
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
138200000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
170500000 usd
us-gaap Net Income Loss
NetIncomeLoss
286100000 usd
us-gaap Net Income Loss
NetIncomeLoss
329000000.0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
135200000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
166400000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
279800000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
320700000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
10.22
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
12.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
21.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
23.21
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
138200000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
170500000 usd
us-gaap Net Income Loss
NetIncomeLoss
286100000 usd
us-gaap Net Income Loss
NetIncomeLoss
329000000.0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
135200000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
166400000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
279800000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
320800000 usd
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
10.17
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
12.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
20.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
23.13
CY2024Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1300000 usd
CY2023Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1200000 usd
CY2024Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
94200000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
88100000 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
95500000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
89300000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
5300000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
15800000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
19600000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
9000000.0 usd
CY2024Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
25000000.0 usd
CY2024Q2 gpi Contracts In Transit Gross
ContractsInTransitGross
240200000 usd
CY2023Q4 gpi Contracts In Transit Gross
ContractsInTransitGross
259200000 usd
CY2024Q2 gpi Vehicle Receivables Gross
VehicleReceivablesGross
110100000 usd
CY2023Q4 gpi Vehicle Receivables Gross
VehicleReceivablesGross
110300000 usd
CY2024Q2 gpi Contracts In Transit And Vehicle Receivables Gross
ContractsInTransitAndVehicleReceivablesGross
350300000 usd
CY2023Q4 gpi Contracts In Transit And Vehicle Receivables Gross
ContractsInTransitAndVehicleReceivablesGross
369500000 usd
CY2024Q2 gpi Contracts In Transit And Vehicle Receivables Allowance For Doubtful Accounts
ContractsInTransitAndVehicleReceivablesAllowanceForDoubtfulAccounts
400000 usd
CY2023Q4 gpi Contracts In Transit And Vehicle Receivables Allowance For Doubtful Accounts
ContractsInTransitAndVehicleReceivablesAllowanceForDoubtfulAccounts
300000 usd
CY2024Q2 gpi Contracts In Transit And Vehicle Receivables Net
ContractsInTransitAndVehicleReceivablesNet
349900000 usd
CY2023Q4 gpi Contracts In Transit And Vehicle Receivables Net
ContractsInTransitAndVehicleReceivablesNet
369200000 usd
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
263300000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
242500000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3800000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4200000 usd
CY2024Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
259500000 usd
CY2023Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
238400000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
57900000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
55000000.0 usd
CY2024Q2 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 usd
CY2023Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
0 usd
CY2024Q2 gpi Other Long Term Debt And Finance Lease Liability
OtherLongTermDebtAndFinanceLeaseLiability
1416400000 usd
CY2023Q4 gpi Other Long Term Debt And Finance Lease Liability
OtherLongTermDebtAndFinanceLeaseLiability
1032500000 usd
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2460600000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
2107500000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10700000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
8700000 usd
CY2024Q2 gpi Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current
LongTermDebtAndCapitalLeaseObligationsExcludingShortTermFinancingCurrent
170600000 usd
CY2023Q4 gpi Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current
LongTermDebtAndCapitalLeaseObligationsExcludingShortTermFinancingCurrent
109400000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2279300000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1989400000 usd
gpi Increase Decrease In Capital Expenditures Accrued
IncreaseDecreaseInCapitalExpendituresAccrued
2200000 usd
gpi Increase Decrease In Capital Expenditures Accrued
IncreaseDecreaseInCapitalExpendituresAccrued
1300000 usd
us-gaap Interest Paid Net
InterestPaidNet
99900000 usd
us-gaap Interest Paid Net
InterestPaidNet
70800000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
75100000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
78700000 usd
CY2024Q2 gpi Guarantor Obligations Maximum Exposure Inestimable Minimum Lease Payments Guaranteed
GuarantorObligationsMaximumExposureInestimableMinimumLeasePaymentsGuaranteed
41100000 usd
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
20100000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
6100000 usd
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
4700000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1200000 usd
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
32900000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
2800000 usd
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
3700000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18100000 usd
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001031203-24-000058-index-headers.html Edgar Link pending
0001031203-24-000058-index.html Edgar Link pending
0001031203-24-000058.txt Edgar Link pending
0001031203-24-000058-xbrl.zip Edgar Link pending
a2024q2exhibit104.htm Edgar Link pending
a2024q2exhibit105.htm Edgar Link pending
a2024q2exhibit106.htm Edgar Link pending
a2024q2exhibit311.htm Edgar Link pending
a2024q2exhibit312.htm Edgar Link pending
a2024q2exhibit321.htm Edgar Link pending
a2024q2exhibit322.htm Edgar Link pending
a2024q2exhibit41.htm Edgar Link pending
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gpi-20240630.htm Edgar Link pending
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